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US dairy exports hit a record $706 million in January, up 20% year over year. Milk production finished 2024 down 0.2% at 225.9 billion pounds, with H5N1 hitting California and new cheese plants boosting milk demand in Texas and the Plains.
New cheese plants raise regional milk demand and H5N1 curbs supply, supporting milk prices, while trade negotiations remain a risk to exports.
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