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...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
