Volumes of dairy trade with China have dropped because of tariffs, but the milk price outlook is still looking brighter for 2019 according to USDA. For more on these stories watch the AgDay video above or read the following news brief links.
The U.S. Dairy Export Council (USDEC) reports that dairy trade volumes into China have dropped by 43% since tariffs went into effect in July 2018. Despite those factors cheese export records reached record volumes during March with countries like South Korea and Japan buying more U.S. products.
Milk prices are expected to go higher according to the latest USDA World Agriculture Supply and Demand Estimate (WASDE) report. The all-milk price is projected to average $18.05/cwt.