Notable declines in both December and fourth-quarter year-over-year U.S. dairy export volumes at 1.9% and 5%, respectively, brought 2024 to a close. While falls in nonfat dry milk/skim milk powder (NFDM/SMP) were mostly to blame, there was still enough to celebrate in 2024 as export value rose to its second-highest value ever, and cheese exports in December posted their 12th consecutive year-over-year gain. Here’s Progressive Dairy’s 30,000-foot look at dairy-related export categories.
December exports stumble, but 2024 concludes milestone year
As cheese exports pushed the calendar-year cheese volume past 500,000 metric tons for the first time, it was the lack of NFDM/SMP exports that pulled on the reins of U.S. dairy export volume in December, as explained in the U.S. Dairy Export Council’s (USDEC) monthly market update.
By Jenn Coyne
February 7, 2025
Comments