Dairy: World Markets and Trade-201912
- This biannual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in dairy products. Covers cow’s milk, cheese, butter, skim milk powder and whole milk powder. Prospects for U.S. dairy exporters have improved markedly as 2020 exports of skimmed milk powder (SMP) are expected to grow by 5 percent to reach 718,000 tons. Further, the fiscal year trade forecast is raised by $300 million to $5.8 billion largely as a result of higher export volumes and prices for skimmed milk products such as SMP and whey. So far this year, although the volume shipped has lagged last year’s pace, the value of U.S. exports of SMP are up 12 percent year-over-year (YOY) through September 2019 and accounted for about 25 percent of the total value of U.S. dairy exports.