The U.S. Dairy Export Council says declines in whey and butterfat shipments are holding down exports.
CoBank dairy economist Corey Geiger tells Brownfield the global economy is a major factor.
“Consumers are toning down their food buying a little bit so Europe has a little more product on the global stage, that’s been a little caveat that’s taking place,” he explains. “U.S. exports are down just a little bit.”
Dairy exports are down 13 percent in value and seven percent in volume for the first eight months of the year.
The Federation says reduced feed demand from China’s struggling pig sector has created ongoing weakness for low-protein whey.
