Thursday, December 10, 2009
(click on image to enlarge)
Trade data was released today and for the most part there is little to get excited about. The U.S. actually exported 19% more NFDM/SMP than in October 2008. October exports were the highest of the year for all dairy products.
USITC reports a year-to-date positive trade balance in dairy of $234 million (this does not include casein). Although 2008 was much higher, most years there in not a positive trade balance.
All kinds of butter (HTS 0405) imports were slightly higher this October. The table above shows the joys of globalism, in the butter category for 2009.