# The Dairy Industry: Review of 2022 and a Look Ahead

> 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.

- Date: 2023-07-03 · published 2023-07-03T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35067-the-dairy-industry-review-of-2022-and-a-look-ahead
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-09-07 | [Markets review and look-ahead, USDA pegs July ‘All-Milk’ at $20.50 \| Ag Moos](https://feedsoft.ai/events/51133-markets-review-and-look-ahead-usda-pegs-july-all-milk-at-20-50-ag-moos.md) | -3.8% | +20.9% |
| MILK | 2023-06-14 | [May dairy market review \| AHDB](https://feedsoft.ai/events/35493-may-dairy-market-review-ahdb.md) | -0.9% | -8.3% |
| MILK | 2020-12-18 | [Economic Review of Milk Costs in 2019 and Projections for the Rest of 2020 and 2021 - farmdoc daily](https://feedsoft.ai/events/49654-economic-review-of-milk-costs-in-2019-and-projections-for-the-rest-of-2020-and.md) | +0.5% | +3.8% |
| MILK | 2022-07-18 | [Livestock, Dairy, and Poultry Outlook: July 2022 \| Economic Research Service](https://feedsoft.ai/events/40433-livestock-dairy-and-poultry-outlook-july-2022-economic-research-service.md) | +0.0% | -10.5% |
| MILK | 2025-04-27 | [The KDM Dairy Report 4/27/2025 \| KDM Trading Inc](https://feedsoft.ai/events/11901-the-kdm-dairy-report-4-27-2025-kdm-trading-inc.md) | +6.0% | +6.5% |

## Sources

- farmcrediteast.com: https://www.farmcrediteast.com/en/resources/Industry-Trends-and-Outlooks/Reports/20230703KEP_ReviewOf2022AndALookAhead

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.