News and Press

CWT assists with 3.2 million pounds of dairy product export sales

ARLINGTON, VA – Cooperatives Working Together (CWT) member cooperatives accepted 8 offers of export assistance from CWT that helped them capture sales contracts for 79,366 pounds (36 metric tons) of butter, 456,357 pounds (207 metric tons) of Cheddar cheese, 220,462 pounds (100 metric tons) of cream cheese and 2.425 million pounds (1,100 metric tons) of whole milk powder. The product is going to customers in Asia, the Middle East, and South America. It will be delivered during the period from October 2019 through January 2020.

These contracts bring the year-to-date totals to 41.7 million pounds of American-type and Swiss cheeses, 189,598 pounds of anhydrous milkfat, 4.3 million pounds of butter (82% milkfat), 4.6 million pounds of cream cheese and 40.2 million pounds of whole milk powder. The products are going to 26 countries in six regions and are the equivalent of 818.2 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.

 

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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/