Exports are a demand-pull phenomenon, and demand has been good. U.S. milk equivalent exports from January to July were record high, up 19.5% from 2017.
On the nondairy beverage front, the ready-to-drink (RTD) coffee and tea category has been throwing some well-placed hooks and jabs. Sales in the total category, including refrigerated and shelf-stable offerings, rose 11.5% during the 52 weeks ending Aug. 12, 2018, to $1.8 billion, according to data from Chicago-based market research firm IRI.
Team Butter has been empowered by recent health studies about its benefits to set a pick on its margarine opponent and drive for the hoop. In the 52 weeks ending Aug. 12, 2018, dollar sales for butter jumped 5.8%, while unit sales rose 1.8%, Chicago-based market research firm IRI reported.