Dairy demand is getting butter and butter.
A Tuesday report from the U.S. Dairy Export showed increases in total exports of all dairy products at 13%. Other export increases:
- Cheese is up 18.1%
- Nonfat dry milk is up 15.4%
- Condensed and evaporated milk is up an udderly amazing 128% over 2020
Comfort cows: Even with COVID restrictions on restaurants, domestic dairy demand is churning and burning. A USDA report noted people were seeking comfort food—like ice cream and butter—through the pandemic.
In fact, the average American consumed three more pounds of dairy products across all segments in 2020. We all had to get through the pandemic somecow.
Some months even saw an increase of 30% in ice cream sales from grocery stores. Butter increases were around 20-25%.
“Despite challenges posed by the pandemic to all parts of the supply chain in 2020—including the near-overnight loss of the foodservice sector—per capita dairy consumption continued to surge upward thanks to growth in ice cream, butter, and yogurt,” said Michael Dykes, D.V.M., president, and CEO of the International Dairy Foods Association (IDFA).
He added, “Last year’s consumption figures are nearly 70 percentage points above the annual average, showing America’s growing appreciation for their favorite dairy products.”