News

Half-billion increase expected in dairy exports

USDA officials are forecasting a half-a-billion dollar increase in dairy exports next year.

The USDA’s Agricultural Trade report is projecting overall ag exports to grow by a billion dollars to 134-billion dollars.  The dairy exports account for 500-million dollars of growth, totaling a billion dollars.

USDA analysists believe China and Mexico markets will both make significant purchases, accounting for 300-million of the projected jump in dairy exports.  The U.S. will be exporting more than it imports, but officials also predict a 200-million dollar dairy import increase.

The USDA report does express concern about economic policy and trade deals under President-Elect Donald Trump, and how that might impact their projections.