News and Press

CWT Assists with 6.9 Million Pounds of Cheese, Butter and WMP Export Sales

ARLINGTON, VA – Cooperatives Working Together (CWT) has accepted 26 requests
for export assistance from Dairy Farmers of America, Foremost Farms, Maryland &
Virginia Milk Producers Association, Michigan Milk Producers Association and United
Dairymen of Arizona to sell 4.295 million pounds (1,948 metric tons) of Cheddar, Gouda
and Monterey Jack cheese and 2.499 million pounds (1,134 metric tons) of butter and
85,980 pounds of Whole Milk Powder (WMP) to customers in Asia, the Middle East,
North Africa and South America. The product will be delivered October 2012 through
April 2013.

In 2012, CWT has assisted member cooperatives in making export sales of Cheddar,
Monterey Jack and Gouda cheese totaling 106.3 million pounds, butter totaling 61.2
million pounds, AMF totaling 127,868 pounds and WMP totaling 85,980 pounds. The
product is going to 35 countries on four continents. On a butterfat basis, the milk
equivalent of these exports is 2.319 billion pounds, the equivalent of 60% of the
increase in U.S. milk production through September 2012.

Assisting CWT members through the Export Assistance program positively impacts
producer milk prices in the short-term by helping to maintain inventories of cheese and
butter at desirable levels. 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.