CME: Dairy Cow Exports Reach All Time High
US - The US dairy sector started 2011 with 102,200 more heifers expected to calve than in 2010, writes Alan Levitt, in Thursday's dairy report.
17 February 2012
1 minute read
According to the Department of Commerce’s Foreign Trade Statistics, it appears that a large percentage of those heifers likely calved offshore.
According to the Department of Commerce’s Foreign Trade Statistics, it appears that a large percentage of those heifers likely calved offshore. Dairy cow exports totaled 73,639 head in 2011, up from 37,356 head in 2010 and 16,209 head in 2009 (see chart). The majority of those dairy cow exports, nearly 68% (almost 50,000 head), went to Turkey, followed by Mexico, which imported 11,102 head.
The number of heifers expected to calve in 2012 is 3,030,000, down 26,400 head from last year. Large exports, in tandem with strong culling, up 3.9% in 2011 vs. the prior year, could keep the growth of the U.S. dairy herd in check.
Dry whey prices reported in today’s Dairy Market News’ weekly survey were steady to slightly lower. Midwestern dry whey mostly is unchanged at 69¢ to 72¢ while the West dry whey mostly range of 65¢ to 69.25¢ was 0.25¢ lower on the high side. Whey futures continue to come under pressure, with the JUN contract trading below 50¢. It appears whey futures are reflecting European whey prices, which are trading between 54¢ and 61¢.
Further Reading
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