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: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
