Dairy Trade
Surging cheese sales in March were not enough for U.S. dairy exports to continue the strong performance seen a month prior.
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Exports rally after 12 months of year-over-year declines
Volume gains in U.S. dairy product exports in February gave way to improved market conditions for the first time since January 2023.
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Economic Update: March FMMO milk class prices post small increases
March 2023 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on April 11-14.
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Economic Update: April 2024 Class I base price inches higher
It’s the first year-over-year increase since January 2022-23.
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2024 U.S. dairy exports begin with dawdling first month
Global dairy demand is stagnant and anticipated to be through the first half of the year, with the 12th consecutive year-over-year monthly decline of U.S. dairy exports in January.
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