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CWT exports 1.32 billion pounds so far

00:00AM Oct 06, 2008
                Cooperatives Working Together announced today that it accepted 13 export assistance bids last week for the sale of anhydrous milkfat, butter, cheese and whole milk powder.
With these accepted bids, CWT's total 2008 export obligations are: butter, 19,476 metric tons (43 million lbs.); cheese, 1,426 metric tons (3.1 million lbs.); whole milk powder, 1110 metric tons (2.4 million lbs.); and anhydrous milkfat, 5,449 metric tons (12 million lbs.). The milk equivalent total of these products is 1.32 billion pounds.
Of the bids accepted last week: Eight bids were accepted from Dairy Farmers of America of Kansas City, MO, five of them for the following AMF exports: 108 metric tons (239,099 lbs.) to Kazakhstan; two separate bids for 54 metric tons (119,050 lbs.) to Mexico; 18 metric tons (39,683 lbs.) to Saudi Arabia; and 18 metric tons to the Netherlands. In addition, CWT accepted a bid from DFA for 18.75 metric tons of butter (41,337 lbs.) to Nicaragua, and two bids for whole milk powder exports, 900 metric tons (1.98 million lbs.) to Mexico, and 40 metric tons (88,185 lbs.) to El Salvador.
Four bids were accepted from Land O'Lakes of Arden Hills, MN, for the follow exports: 36 metric tons (79,366 lbs.) of Cheddar cheese, and 9 metric tons (19,842 lbs.) of mixed cheese, both bound for South Korea; 30 metric tons (66,139 lbs.) of mixed cheese to China; and 10 metric tons (22,046 lbs.) of butter to South Korea.
Finally, one bid was accepted from California Dairies Inc., of Visalia, CA, for the export of 10 metric tons (22,046 lbs.) of butter to China. CWT will pay an export bonus to the bidders, only when delivery of the product is verified by the submission of the required documentation.
With these accepted bids, CWT's total 2008 export obligations are: butter, 19,476 metric tons (43 million lbs.); cheese, 1,426 metric tons (3.1 million lbs.); whole milk powder, 1110 metric tons (2.4 million lbs.); and anhydrous milkfat, 5,449 metric tons (12 million lbs.). The milk equivalent total of these products is 1.32 billion pounds.
The CWT Export Assistance program, on a competitive bid basis, assists CWT members in selling U.S. dairy products in world markets. CWT's export assistance program has helped sell cheese, butter, anhydrous milkfat and whole milk powder to more than 50 countries on four continents.
Cooperatives Working Together is funded by dairy cooperatives and individual dairy farmers, who are contributing 10 cents per hundredweight assessment on their milk production through December 2008. The money raised by CWT's investment is being apportioned between two supply management programs that strengthen and stabilize the national all milk price. For more on CWT's activities, visit www.cwt.coop
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