Dairy Week In Review

US dairy export volumes, on a milk solids basis, fell 13 percent to 185,476 MT MSE in April 2023. The decline was the worst year-to-year monthly decline in four years. The total export value in  April fell 17 percent to $697.6 million. Skim milk and nonfat dry milk shipments were down 9 percent, while whole milk powder shipments were down 12 percent. Cheese exports fell 12 percent  while butterfat exports were down 65 percent, on a volume basis. Despite April’s steep declines, year-to-date volumes are still only trailing year-ago levels by 0.3 percent. The year-to-date value of  dairy exports is down 3 percent through April, due to lower milk prices. Read more