Overseas demand for U.S. dairy products continues at a blistering pace this year, even as higher prices domestically are taking a toll on consumption closer to home. The U.S. dairy industry achieved another record export volume in June, shipping 19.6 percent, or almost one-fifth, of its total milk solids production to foreign countries. It also set a new record for the dairy trade balance of 16.2 percent in terms of milk solids production.
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