# Weekly dairy digest: USDA releases its annual dairy market and trade report
						 | The Cattle Site

> USDA's annual dairy report says global dairy prices are relatively strong, driven by China's import demand, which rose nearly 17% in January to May to $6.4 billion. Skim milk powder imports are up 50% year on year and US dairy exports to China are up nearly 75%.

- Date: 2021-07-23 · published 2021-07-23T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/46067-weekly-dairy-digest-usda-releases-its-annual-dairy-market-and-trade-report-the
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Strong Chinese import demand supports global dairy prices and US export flows, which helps underpin milk prices.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-06-02 | [U.S. Trade Rep Meets with Japan and Dairy Spikes due to Foreign Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/4349-u-s-trade-rep-meets-with-japan-and-dairy-spikes-due-to-foreign-markets-ag.md) | -2.3% | -5.8% |
| MILK | 2019-12-30 | [Weekly Digest: CWT dairy exports near 1 billion pounds milk - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/5749-weekly-digest-cwt-dairy-exports-near-1-billion-pounds-milk-progressive-dairy-ag.md) | -12.1% | -11.7% |
| MILK | 2016-08-02 | [Strong increase in dairy prices at latest Global Dairy Trade auction - Agriland.ie](https://feedsoft.ai/events/6036-strong-increase-in-dairy-prices-at-latest-global-dairy-trade-auction-agriland-ie.md) | +12.3% | +10.9% |
| MILK | 2020-05-21 | [Analysis: Dairy markets continue to trend higher despite strong production - Agriland.ie](https://feedsoft.ai/events/53136-analysis-dairy-markets-continue-to-trend-higher-despite-strong-production.md) | -0.8% | +70.2% |
| MILK | 2020-09-18 | [This Week in Dairy 09-18-2020 - Total Farm Marketing by Stewart-Peterson](https://feedsoft.ai/events/12150-this-week-in-dairy-09-18-2020-total-farm-marketing-by-stewart-peterson.md) | +0.4% | +31.2% |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/57227/weekly-dairy-digest-usda-releases-its-annual-dairy-market-and-trade-report

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