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CWT Announces 10th Herd Retirement

May 27, 2010
 
 

Bids to Remove Cows Being Accepted May 28 through June 25

 

After reviewing a number of economic benchmarks including cull rates and cull cow prices, Cooperatives Working Together (CWT) announced Thursday that it will conduct a herd retirement. 

 

Bids will be accepted starting Friday, May 28 with a cutoff date of Friday, June 25.

 

"It is our belief that a herd retirement at this time will add to the positive momentum already building and should result in speeding up the milk price recovery already in progress,” said Jerry Kozak, president and CEO of NMPF, which manages CWT.

 

This is the 10th herd retirement since CWT began operations in the summer of 2003. The most recent was conducted in the fall of 2009.

 

"With beef prices very strong, and replacement cow and springer prices still relatively low, CWT has determined that it will consider bids up to, but not to exceed, $3.75/cwt.,” noted Kozak.  "However, there is no guarantee that a producer who bids at the maximum level will be selected.” 

 

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