CWT assists with 676,819 pounds of dairy product export sales

CWT

Cooperatives Working Together (CWT) member cooperatives accepted nine offers of export assistance that helped them capture sales contracts for 196,211 pounds (89 metric tons) of Cheddar and Gouda cheese, 330,693 pounds (150 metric tons) of whole milk powder and 149,914 pounds (68 metric tons) of cream cheese. The product is going to customers in Asia, Central and South America. It will be delivered during the period from December 2019 through April 2020.

These contracts bring the year-to-date totals to 46.9 million pounds of American-type cheese, 123,458 pounds of anhydrous milkfat, 4.6 million pounds of butter (82% milkfat), 6.3 million pounds of cream cheese and 45.4 million pounds of whole milk powder. The products are going to 27 countries in six regions and are the equivalent of 922 million pounds of milk on a milkfat basis.

Assisting CWT members through the Export Assistance program positively affects all U.S. dairy farmers and dairy cooperatives by strengthening and maintaining the value of dairy products that directly impact the milk price. It does this by helping member cooperatives gain and maintain world market share for U.S dairy products. As a result, the program has significantly expanded total demand for U.S. dairy products and U.S. farm milk.

The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT pays export assistance to the bidders only when export and delivery of the product is verified by required documentation.

All dairy farmers and dairy cooperatives should invest in CWT. Membership information is available on the CWT website, www.cwt.coop.

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 http://www.cwt.coop/

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