CWT Assists with 2.4 Million Pounds of Export Sales
Source: Cooperatives Working Together
Cooperatives Working Together (CWT) has accepted 13 requests for export assistance from Dairy Farmers of America, Darigold, Foremost Farms, Maryland & Virginia Milk Producers Cooperative and United Dairymen of Arizona to sell a total of 393 metric tons (866,417 pounds) of Cheddar and Monterey Jack cheese and 712 metric tons (1.570 million pounds) of butter to customers in Africa, Asia, the Middle East and South America. The product will be delivered May through July 2012.
In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 46.9 million pounds and butter totaling 40.8 million pounds to 26 countries on four continents. On a butterfat basis, the milk equivalent of these exports is 1.322 billion pounds, or the same as the annual milk production of 62,950 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.
