Source: Cooperatives Working Together
Cooperatives Working Together (CWT) has accepted 14 requests for export assistance from Agri-Mark, Bongards, Dairy Farmers of America, Darigold and Foremost Farms to sell a total of 2.191 million pounds (984 metric tons) of Cheddar and Monterey Jack cheese to customers in Asia-Pacific, North Africa, Central America and the Middle East. The product will be delivered July through October 2012.
In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 66.3 million pounds, and butter and anhydrous milk fat totaling 45.2 million pounds, to 32 countries on four continents. On a butterfat basis, the milk equivalent of these exports is 1.597 billion pounds, or the same as the annual milk production of 76,100 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 and butter 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.