Over the past 15 years, U.S. dairy exports have expanded more than fivefold, reaching a record $7.1 billion in 2014, and the longer-term USDA 10-year forecast projects they will reach new records.Dairy has long been one of the reasons that trade deals were held up, and the Trans-Pacific Partnership (TPP) is a most recent example because of objections to trade liberalization by Canada. The dairy industry will be much more involved in trade in the future, and the U.S. sector’s future will be particularly reliant on it, according to a study from USDA’s Office of the Chief Economist. Indeed, dairy has been one of the world’s most protected commodities, but income and population growth around the world has changed much of that situation as well...