ARLINGTON, VA – Cooperatives Working Together (CWT) has accepted 16 requests for export assistance from Bongards Creameries, Dairy Farmers of America, Darigold, Foremost Farms, Michigan Milk Producers Association, Upstate Niagara Cooperative and United Dairymen of Arizona to sell a total of 824 metric tons (1.817 million pounds) of Cheddar and Monterey Jack cheese and 487 metric tons (1.074 million pounds) of butter to customers in Asia, Central America, the Middle East and North Africa. The product will be delivered April through September 2012.
In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 43.4 million pounds and butter totaling 38.5 million pounds to 25 countries on four continents. On a butterfat basis, the milk equivalent of these exports is 1.239 billion pounds, or the same as the annual milk production of 59,000 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.