Milk Costs Most Ever on Surging Demand for U.S. Dairy Exports
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Milk futures in Chicago jumped to an all-time high as surging U.S. dairy exports depleted supplies available for domestic consumers.
Shippers sold 162,999 metric tons of milk powder, cheese, butterfat and whey in January, up 19 percent from a year earlier, according to the latest data from the U.S. Dairy Export Council. Almost 15 percent of milk production went to exported goods, up from 12 percent a year earlier, the group said. Cheese shipments climbed 46 percent.