These contracts bring the year-to-date dairy product totals to 28.867 million pounds of American-type and Swiss cheeses, 4.213 million pounds of butter (82% milkfat), 2.760 million pounds of cream cheese and 33.352 million pounds of whole milk powder. The products are going to 26 countries in six regions and are the milk equivalent of 626.3 million pounds of milk on a milkfat basis.
Assisting CWT members through the Export Assistance program positively affects all U.S. dairy farmers and all dairy cooperatives by strengthening and maintaining the value of dairy products that directly impact their milk price. It does this by helping member cooperatives gain and maintain world market share for U.S dairy products. As a result, the program has significantly expanded the total demand for U.S. dairy products and the demand for U.S. farm milk that produces those products.
The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT pays export assistance to the bidders only when export and delivery of the product is verified by required documentation.
All dairy farmers and all dairy cooperatives should invest in CWT. Membership information is available on the CWT website, www.cwt.coop.