Latest News From Exports

The world's largest dairy exporter said it had shipped more than 300,000 tonnes of dairy products to overseas markets, around 10 percent more than its previous record month in December 2014.

November U.S. dairy product exports were valued at about $377 million, down 24% from the previous year and the lowest figure in nearly five years.

Milk futures for September settlement rose 0.7 percent to $24.44 per 100 pounds at 12:15 p.m. on the Chicago Mercantile Exchange.

Rovey also serves as chairman of the board of Dairy Management Inc.

Rising inventories are expected to keep downward pressure on international dairy markets in the second half of 2012.

Processors and traders moved 3.24 billion lbs. of total milk solids into export channels last year, 7% more than 2010, and 49% more than 2009.