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CWT Assists with 4 Million Pounds of Cheese Exports

January 23, 2012
 
 

Source: Cooperatives Working Together

 
Cooperatives Working Together (CWT) has accepted 18 requests for export assistance from Bongards, Dairy Farmers of America, Darigold and United Dairymen of Arizona to sell a total of 1,821 metric tons (4.015 million pounds) of Cheddar and Monterey Jack cheese to customers in Asia, the Middle East, North Africa and Central America. The product will be delivered January through June 2012.
 
In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 10.4 million pounds to 10 countries on three continents. That is the equivalent of 101 million pounds of milk, or the annual production of 4,800 cows.
 
Assisting CWT members through the Export Assistance program positively impacts producer milk prices in the short-term by reducing inventories that overhang the market and depress cheese prices. In the long-term, CWT’s Export Assistance program helps member cooperatives gain and maintain market share, thus expanding the demand for U.S. dairy products and the farm milk that produces them.
 
CWT will pay export bonuses to the bidders only when delivery of the product is verified by the submission of the required documentation.
 
The Cooperatives Working Together (CWT) Export Assistance program is funded by voluntary contributions from dairy cooperatives and individual dairy farmers. The money raised by their investment is being used to strengthen and stabilize the dairy farmers’ milk prices and margins. For more information about CWT, visit www.cwt.coop.
 

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COMMENTS (2 Comments)

JRthe original
Idaho, come on over into the discussion area and share your views most of us would agree with you! Well stated comment.
8:05 AM Jan 25th
 
Idaho Dairyman - Twin Falls, ID
This is why I don't support CWT, In my opinion the the exchange is the tip of the tail that wags the dog that controls all of our milk price. World price on cheddar is currently $1.88 U.S. per pound, would make alot more sense if there were a CWT buyer at the exchange every morning supporting our price at no less than world market price, then if he ended up with a load or in this case 80 loads of cheese, CWT could sell these loads at a discount to these countries. I know my operation could sure use $4 cwt boost in price right now,and why should us Dairymen in the good old USA have to recieve one less cent for our product than the rest of the world. Keep doing the same thing and expect a different result!!! Kind of like "Cant fix Stupid"
2:49 PM Jan 24th
 



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