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Agriculture Secretary Tom Vilsack made the following statement regarding today’s quarterly forecast for U.S. agriculturalexports, which are expected to reach a record $135.5 billion in fiscal year 2011:

A recovering global economy is good news for U.S. dairy exports, with 2010 U.S. sales growing 39% over 2009 to 1.5 million tons.

Cooperatives Working Together accepted two requests for export assistance from Darigold to sell 276 metric tons of Cheddar and Monterey Jack cheese to customers in Asia.

USDA announced this afternoon that the U.S. all-milk price for February was $18.40/cwt., up $1.70 from January and up $2.50 from a year ago.

Chairman and CEO Gregg Engles to assume operating responsibilities at leading U.S. dairy company.

The NMPF analysis shows that dairy farmers would have received at least $3 billion more revenue had the stabilization program been in place in 2009.

Purchase price is $270.5 million for Saputo, 12th largest dairy processor in the world.