Resilient cheese demand drives modest increase in August volume.
Year-over-year (YOY) U.S. dairy exports modestly improved in August, with gains in several major product categories. Milk solids equivalent (MSE) volume rose 1.7%. The August increase puts year-to-date (YTD) volume into positive territory for the first time in 2024, albeit at only +0.1%. That essentially flat YTD result epitomizes the month-by-month performance tally: Over the first eight months of 2024, YOY MSE volume increased four times and decreased four times.
YOY U.S. export value increased 10% to $708 million in August—the biggest rise of the year, as commodity prices climbed and the United States’ portfolio favored cheese and proteins.
October 15, 2024
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