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U.S. dairy exports set new volume and value records again in 2022. This feat was accomplished despite high inflation and a host of other challenges to international trade, according to the U.S. Dairy Export Council (USDEC), Arlington, Va.
Some dairy categories are still stationed at mission control waiting for the perfect weather conditions. However, a majority of segments are ready for takeoff, especially as dairy consumption reaches an all-time high, according to FDA data.
Harden is only the third president and CEO to lead USDEC since its founding by DMI in 1995 and is its first female chief executive.
February 24, 2021
Rosemont, Ill.-based Dairy Management Inc. (DMI) and the U.S. Dairy Export Council (USDEC), Arlington, Va., announced the promotion of Krysta Harden from chief operating officer (COO) to president and CEO of USDEC.
On Jan. 15, 2020, the United States and China signed "phase one" of a trade deal. The countries' relationship has been trending downward for the past two years, and the deal does mark a possible inflection point.
U.S. dairy processors see fewer exports of their cheese and butterfat products. It’s a different story for milk powders, thanks to demand from Mexico and Asia.
It was not long ago that domestic demand afforded dairy producers a premium for their milk compared to their international counterparts. Similarly, domestic end users of dairy products such as cheese and butter can no longer look to the likes of Europe and New Zealand for cheap fat and protein alternatives.
Between cutbacks from China and an embargo by Russia, their imports dropped 16.3 billion pounds. Meanwhile, global milk supplies expanded. The big question is: How will U.S. processors re-balance their stocks of dairy powders?