CME: Powder Exports Slower in December
US - US exports of NDM/SMP were slightly slower in December, falling to their lowest level since July 2010 (daily-average basis), writes Alan Levitt, in Friday's dairy report. Shipments were 33,675 tons (74.2 million lbs.), down
12.7% from November, according to USDA’s Foreign Agricultural Service (see chart).
In
addition, NDM/SMP exports in December were below 40% of production for the first time
since April 2010. Since May 2010, the United States has exported 53% of the milk powder
produced.
Cheese exports remained active. December shipments were 20,343 tons (44.8 million lbs.),
down 2% from November (daily-average basis). It was the ninth time in the last 13 months
that US cheese exports topped 40 million lbs.
Butterfat shipments, on the other hand, remained slow. December sales were just 3,224 tons
(7.1 million lbs.), down 21% from November. Export volumes in the second half of the year
were down 43% from first-half volumes. Butterfat imports in December (3,755 tons; 8.3 million lbs.) topped exports for the first time since August
2009.
NASS dairy product prices for the week ending Feb. 4: cheddar blocks $1.5587 (-2.45¢ vs. the prior week); barrels $1.5409 (-3.73¢); butter
$1.5470 (-4.27¢); nonfat dry milk $1.3853 (-0.83¢); dry whey 66.48¢ (-1.03¢).
TheMeatSite News Desk