Top Global Cheese Exporting Countries

As demand for processed dairy products continues to rise globally, the big 5 cheese exporters continue to grow their markets, minus Australia. Continued drought in Australia has caused culling to continue, and the overall dairy herd size has continued to shrink. The USDA projects that demand for protein, in the form of meat and dairy…

Brazilian Fed Cattle Prices -January 2020

Brazilian fed cattle continue their high prices due to strong demand from exports (China), as well as tight supplies. Average year-over-year prices in January were up +16% over 2019, but noting a monthly decline from December of -$0.63 per lb, or -8.3%. With such a large shortage of pork in the world, substitutes like beef…

U.S. Hay Exports

U.S. hay exports as of October 2019 were up +5.6% YTD over 2018, with top markets in Asia and the Middle East. Saudi Arabia continues to be an emerging market with strong growth thanks to its decision to stop using groundwater for forage production. Asian growth has seen strong growth due to increased demand from…