Year-to-date, CWT has assisted member cooperatives who have contracts to sell 17.736 million pounds of cheese and 19.015 million pounds of butter to nineteen countries on five continents. The amounts of and butter in these sales contracts represent the equivalent of 591.072 million pounds of milk on a milkfat basis.
Assisting CWT members through the Export Assistance program, in the long-term, helps member cooperatives gain and maintain market share, thus expanding the demand for U.S. dairy products and the U.S. farm milk that produces them. This, in turn, positively impacts U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price.
The amounts of cheese and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT will pay export assistance to the bidders only when export and delivery of the product is verified by the submission of the required documentation.
Source: CWT