CWT Assists with 2.5 Million Pounds of Butter and Cheese Export Sales
In 2012, CWT has assisted member cooperatives with export sales of more than 2 million pounds of cheese and butter to 18 countries.
Cooperatives Working Together (CWT) has accepted 15 requests for export assistance from Dairy Farmers of America, Darigold, Maryland & Virginia Milk Producers Cooperative and United Dairymen of Arizona to sell a total of 771 metric tons (1.700 million pounds) of Cheddar and Monterey Jack cheese and 375 metric tons (0.827 million pounds) of butter to customers in Asia, the Middle East and Africa. The product will be delivered March through August 2012.
In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 30.4 million pounds and butter totaling 28.8 million pounds to 18 countries on four continents. On a butterfat basis, the milk equivalent of these exports is 876 million pounds or the annual production of approximately 42,570 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.
