USDEC: Better Balance Expected for 2019

Alan Levitt, U.S. Dairy Export Council

The U.S. Dairy Export Council is pleased to share the latest Global Dairy Market Outlook, our take on global dairy trade, international market drivers and U.S. performance.

Global dairy markets rallied in the first month of 2019, following the liquidation of EU intervention stocks of SMP, a slowdown in milk production everywhere but New Zealand, and improved demand from China, Southeast Asia and Mexico. But a number of headwinds could be a drag on further market strength until the Northern Hemisphere flush is past.

In the first 10 months of 2018, U.S. export value was $4.71 billion, up 4 percent from the year before. U.S. exports were equivalent to 16.3 percent of U.S. milk solids production.

To read more in the latest issue of Global Dairy Market Outlook, click here.

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