U.S. Cheese and Butter Dominate

Article from U.S. Dairy Export Council

Year-over-year (YOY) U.S. dairy exports grew 8% in March in milk solids equivalent (MSE) terms, as cheese and butterfat continued to drive volume. It was the sixth straight month of YOY growth, and MSE volume was the highest since May 2022.

Exports have started the year blazing hot, with volume rising nearly 11% in the first quarter. U.S. cheese and butterfat exports each set new single-month records in March. Cheese shipments jumped 29% to a never-before-seen 63,435 MT (+14,148 MT). Combined exports of butter and AMF soared 110% to a lofty 17,074 MT (+8,940 MT).

Gains were geographically widespread for both products. Cheese shipments to our top two markets—Mexico and South Korea—rose an impressive 40% (+6,200 MT) and 79% (+ 4,651 MT), respectively. On the butterfat side, shipments to the Middle East/North Africa rose 361% (+2,672 MT), volume to South Korea increased 364% (+1,691 MT), and exports to Mexico gained 98% (+1,533 MT).

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