U.S. dairy exports mostly kept pace with export levels of one and two years earlier during the first quarter of last year, but then dropped to remain in a band between 16 percent and 17 percent of milk solids production between April and November.
By contrast, 2022 monthly exports remained mostly between 17 percent and 20 percent by that measure during the same period. However, the dairy export gap between last year and the two previous years has slowly narrowed during that time.
U.S. imports of concentrated milk proteins, both MPC and casein, surged in the last several months of 2022 but have not done so in 2023 as of November, resulting in year-over-year percentage drops well into the double digits for imports of both products.
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