News and Press

CWT Assists with 4.4 million Pounds of Cheese and Butter Export Sales

ARLINGTON, VA – Cooperatives Working Together (CWT) has accepted 10 requests
for export assistance from Dairy Farmers of America, Land O’Lakes, Maryland &
Virginia Dairymen’s Association and United Dairymen of Arizona to sell 4.246 million
pounds (1,926 metric tons) of Cheddar cheese and 200,621 pounds (91 metric tons) of
butter to customers in Asia, Central America, the Middle East and North Africa. The
product will be delivered October 2012 through March 2013.

In 2012, CWT has assisted member cooperatives in making export sales of Cheddar,
Monterey Jack and Gouda cheese totaling 95.9 million pounds, butter totaling 58.3
million pounds and AMF totaling 123,459 pounds. The product will go to 34 countries
on four continents. On a butterfat basis, the milk equivalent of these exports is 2.159
billion pounds, or the same as the annual milk production of 102,700 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.