CWT Assists with 2.6 Million Pounds of Cheese and Butter Export Sales

CWT Assists with 2.6 Million Pounds of Cheese and Butter Export Sales

Cooperatives Working Together (CWT) has accepted seven requests for export assistance from Dairy Farmers of America and Darigold to sell two million pounds (907 metric tons) of Cheddar and Monterey Jack cheese, and 597,453 pounds (271 metric tons) of butter, to customers in Asia, Central America and the Middle East. The product will be delivered August 2012 through January 2013.

”CWTIn 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 73.5 million pounds, and butter and anhydrous milk fat totaling 56.0 million pounds, to 33 countries on four continents. On a butterfat basis, the milk equivalent of these exports is 1.899 billion pounds, or the same as the annual milk production of 90,400 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.

08.06.2012