Items Tagged with 'exports'

Featuring festive food, a robust cattle judging contest, educational seminars, career connections and a large exhibitor hall with more than 700 exhibitors showcasing cutting-edge technology and the latest dairy equipment, the 57th Annual World Dairy Expo (WDE), taking place Oct. 1-4 at the Alliant Energy Center in Madison, Wis., was buzzing with activity around the theme, “The Golden Age.”

The outlook for U.S. dairy products in 2025 varies by product. The two with the most-clear trajectories are cheese and skim powders (nonfat dry milk (NFDM)/skim milk powder (SMP)). 

The exchange of letters contained in this agreement formalize protections for U.S. cheese exports to Chile, which make up over half of all U.S. dairy exports to Chile and exceeded $55 million in 2023.

Dairy exports will outpace imports though.

However, competition to provide protein to Southeast Asia is strong, and not just from dairy companies.

While it is typically obvious when a team wins, loses or ties (although ties are a rarity in sports these days), in the commodity export world, a win depends on how you define it. 

In 2022, China was ranked No. 1 in U.S. exports of agricultural products. The total export value has increased significantly every year since 2018, rising 14% most recently from 2021 to 2022. 

The U.S. dairy industry is increasingly reliant on export markets for growth and profitability.

U.S. dairy exports set new volume and value records again in 2022. This feat was accomplished despite high inflation and a host of other challenges to international trade, according to the U.S. Dairy Export Council (USDEC), Arlington, Va. 

Dairy market price uncertainty remains across regions and dairy products, Rabobank stated.