ARLINGTON, VA – Member cooperatives of Cooperatives Working Together (CWT) accepted 25 offers of export assistance from CWT that helped them secure contracts to sell 2.85 million pounds (1,294 metric tons) of Cheddar and Gouda cheeses and 1.29 million pounds (585 metric tons) of butter. The product will be delivered during from December 2018 through May 2019.
CWT-assisted sales now total 67.5 million pounds of American-type cheeses, 17.15 million pounds of butter (82% milkfat) and 38 million pounds of whole milk powder. These sales are equivalent to 1.29 billion pounds of milk on a milkfat basis. Totals are adjusted for contract cancellations.
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 their 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 had a significantly expanded the total demand for U.S. dairy products and the U.S. farm milk that produces them.
The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT will pay export assistance to the bidders only when export and delivery of the product is verified by the required documentation.
All dairy farmers and dairy cooperatives should invest in CWT. Membership information is available on the CWT website.
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