U.S. beef producers have welcomed the newly formed USMCA, the U.S. Japan Trade Agreement, as well as the U.S. China Phase 1 Trade agreement. Hopes continue for increased foreign demand to bolster the down U.S. beef markets. Although the novel Corona Virus 2019 (Covid-19) is wreaking havoc on markets across the globe, trade flows have…
U.S. butter consumption is on track to continue its growth trend over the past two decades. As of November 2019, year-to-date commercial domestic consumption was up 17 million pounds, or 1%, totaling 1769.4 million pounds.
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…
