Global headwinds slow U.S. dairy exports
Foot-and-mouth disease in the Middle East and Africa is boosting demand for dairy replacements.
March 2023 U.S. export data revealed weaker dairy product sales, escalating concerns regarding foot-and-mouth disease (FMD) in Middle East and African countries that is fueling demand for cattle, and mixed news for hay marketers. Here’s a look at Progressive Dairy’s monthly ag trade summary.
Dairy products face headwinds
On a milk solids equivalent (MSE), March 2023 dairy product exports fell below the same month a year earlier, ending an 11-month streak of year-over-year gains, according to the monthly market update from the U.S. Dairy Export Council (USDEC). Strong sales to Latin American countries and global demand for high-value whey protein were offset by weakening cheese sales to Japan, South Korea and Southeast Asia.
May 9, 2023