Tuesday, December 6th 2016
USDA officials are forecasting a half-a-billion dollar increase in dairy exports next year. The USDA’s Agricultural Trade report is projecting overall ag exports to grow by a billion dollars to 134-billion dollars. The dairy exports account for 500-million dollars of growth, totaling a billion dollars. USDA analysists believe China and Mexico markets will both make significant purchases, accounting for 300-million of the projected jump in dairy exports. The U.S. will be exporting more than it imports, but officials also predict a 200-million dollar dairy import increase. The USDA report does express concern about economic policy and trade deals under President-Elect Donald Trump, and how that might impact their projections.