State dairy exports up 23 percent - The Star: Business

State dairy exports up 23 percent - The Star: Business

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State dairy exports up 23 percent

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Posted: Monday, September 9, 2013 1:45 pm

Wisconsin dairy export value increased 23 percent in the first half of 2013 compared to total over the same period the year prior.

The $171 million value of dairy-related products placed the state fourth nationwide — its highest agricultural export, ahead of raw foreskins, food ingredients, ethanol, and cereal grains.

“Our agriculture industry continues to be a strong cornerstone of our state’s economy, and the overall increase of Wisconsin exports is good for our economy and the hard-working employees who help produce great products,” Gov. Scott Walker said in a recent statement.

Canada, China and Mexico were the primary export destinations over the six-month period. Overall, Wisconsin has exported $1.6 billion worth of agricultural products to 132 countries this year — a 10 percent increase over 2012. The state ranks 13th for overall agricultural exports in the U.S., up from 14th for same period last year.

Walker noted that Wisconsin is “quickly growing beyond being America’s Dairyland.”

In July, Wisconsin farmers received an average price of $19.10 per hundredweight for their milk, up $1.30 from the same month last year, according to the USDA’s National Agricultural Statistics Service (NASS).

The projected domestic milk price for August, NASS reported, is $19.30 cwt. Outside of Missouri and Florida, NASS said alls major milk producing states nationally are predicting a higher price for August.

Michigan expects a 50 cent increase to $20.40 cwt., while Idaho is expected to jump 40 cents to $18.50.

Forty-block cheese prices closed at $1.7825 per pound Aug. 30 on the Chicago Mercantile Exchange. The CME butter price was $1.4375 per pound.

NASS reported for the week ending Aug. 24, the Agricultural Marketing Services U.S. weekly 40-pound block price averaged $1.7769 per pound, and 500-pound barrels adjusted to 38 percent moisture averaged $1.7972.

The U.S. butter price was $1.3577.

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