Concerns about faltering U.S. dairy exports last year have now subsided as growth has returned to the sector. This despite:
production growth leveling off as increases in milk per cow do not offset the fall in the number of dairy farms;
an 18 percent rise in dairy futures over the past year; and
the USDA/Economic Research Service (ERS) trade-weighted exchange rate for dairy products running higher at 113-114 for the past three years.
ERS shows milk and dairy product prices rising in 2024, with just dry whey and butter prices softening in 2025. Cumulatively, U.S. dairy exports have not only kept pace with competitors but have had a slightly higher CAGR over the past decade, resulting in the share of global trade ris...
What You Need to Know Today: Day three of the Pro Farmer Crop Tour found corn yield potential below last year in both Illinois and western Iowa. Illinois corn yields averaged 184.2 bushels/acre, down from 199.6 bushels/acre last year and the 199.2 bushels/acre three-year average, while wester...
The USDA’s Foreign Agricultural Service (FAS) projects China’s chicken imports to drop by 33 percent this year and another 15 percent next year, as domestic production outpaces growing consumption and the country’s own exports surge. In its annual report on the Chinese poultry...
Key Takeaways: $13 billion in new U.S. dairy processing investment is moving across the sector, led by cheese ($3.2 billion), milk and cream ($2.9 billion), and yogurt and cultured dairy ($2.8 billion), with butter-powder capacity ($1.6 billion) and ice cream ($530 million) rounding out the bu...
