date:Jul 23, 2013
e bases for the forecast. Current-year skim-solids exports were raised in July to 36.6 billion pounds but were unchanged in 2014 from the June forecast at 36.4 billion pounds. Nonfat dry milk (NDM) exports shot up in April and May leading to the higher 2013 export forecast. Whey product exports year-to-date have been leading the corresponding 2012 monthly totals and advanced sharply in May, further bolstering the forecast.
Fat-basis ending stocks were raised from June forecasts and remain high