Milk futures have jumped to an all time high as U.S. Dairy exports have increased. The latest data from the U.S. Export Dairy Council shows a 19 percent increase of milk powder, cheese, butterfat and whey shipped in January from last year. South Dakota Dairy Producer’s Executive Director Roger Scheibe says most of that dairy business is going to Far East customers.
Scheibe says exports have helped the dairy industry rebound from the recession that hit four years ago. He says exports the last couple of years have been strong.
Scheibe says most of the dairy exports to the Far East have been in the form of milk powder because it’s less expensive to ship than fluid is.