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A Farm Credit East review reports US dairy exports reached a record 5.27 billion pounds of total solids in 2022, up 5% from 2021. Mexico and Canada take over a third of the $11 billion export value, and cheese and nonfat dry milk are in high demand abroad.
Strong export demand for US dairy products supports the market for milk solids, but the 2023 export slowdown noted elsewhere limits that support. Export trends shape the Class III and IV price outlook.
farmcrediteast.comJul 3, 2023After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
