date:Jul 23, 2013
014, unchanged from Junes forecast.
Current-year fat basis exports were raised this month to 10.1 billion pounds. Monthly cheese exports led 2012 exports through April and were just slightly behind May 2012. Butterfat exports rebounded in May after a steep fall off in April, contributing to a more optimistic 2013 export total.
Fat basis exports are forecast at 10.3 billion pounds for 2014, unchanged from last month. Growth in global demand for dairy products and less foreign competition are th