The U.S. Department of Agriculture (USDA) last week said dairy exports for fiscal year 2014 (FY14) are expected to climb to another record high.

Projected dairy exports for FY14 (October 2013-September 2014) were raised $400 million from the previous forecast, to $6.3 billion, as strong global demand continues to support high prices.

U.S. dairy exports were valued at $6.13 billion...