One bright spot for dairy industry is the export demand. The USDA is forecasting dairy product exports to increase $200 million in Fiscal Year 2022, reflecting strong global import demand and tightening competitor supplies. American Farm Bureau Federation Chief Economist Roger Cryan also has optimism for dairy export growth potential. “About 15 to 16 percent or more of U.S. milk is going overseas in the form of dairy products. A lot of that are dry products that can be used to make and process other products overseas. We also export lots of cheese to Mexico. The future for dairy is bright in the long-term.”
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