News and Press

CWT assists with 2.1 million pounds of dairy product export sales

ARLINGTON, VA – Cooperatives Working Together (CWT) member cooperatives accepted 24 offers of export assistance from CWT that helped them capture sales contracts for 1.025 million pounds (465 metric tons) of Cheddar, Gouda and Monterey Jack cheese; 88,185 pounds (40 metric tons) of anhydrous milkfat, 485,017 pounds (220 metric tons)of whole milk powder, and 478,403 pounds (217 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 August through February 2020.

 

These contracts bring the year-to-date totals to 40.2 million pounds of American-type and Swiss cheeses, 277,782 pounds of anhydrous milkfat, 4.2 million pounds of butter (82% milkfat), 4.3 million pounds of cream cheese and 37.8 million pounds of whole milk powder. The products are going to 26 countries in six regions and are the equivalent of 783.5 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.