CWT Assists with 6.8 Million Pounds of Dairy Export Sales

March 5, 2012 10:19 AM
 

Source: Cooperatives Working Together

 
Cooperatives Working Together (CWT) has accepted 24 requests for export assistance from Dairy Farmers of America, Darigold, Foremost Farms, Land O’Lakes, Maryland & Virginia Milk Producers Cooperative, Michigan Milk Producers Association and United Dairymen of Arizona to sell a total of 811 metric tons (1.788 million pounds) of Cheddar and Monterey Jack cheese and 2,282 metric tons (5.030 million pounds) of butter to customers in Asia, Central America, the Middle East and North Africa. The product will be delivered March through July 2012.
 
In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 28.7 million pounds and butter totaling 28.0 million pounds to 17 countries on four continents. On a butterfat basis, the milk equivalent of these exports is 876 million pounds, or the annual production of approximately 41,000 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.
 

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