CWT assists with 613,000 pounds of cheese export sales | Michigan Farm News

CWT assists with 613,000 pounds of cheese export sales

Category: Markets & Weather

by National Milk Producers Federation; Farm News Media

Cheddar_MFN_2018

Cooperatives Working Together (CWT) member cooperatives accepted three offers of export assistance from CWT that helped them capture contracts to sell 612,885 pounds (278 metric tons) of Cheddar cheese.

According to the National Milk Producers Federation, the product has been contracted for delivery in Asia, North Africa and Central America for the period from October 2018 through January 2019.

CWT-assisted member cooperative 2018 export sales total 47.560 million pounds of American-type cheeses, 12.962 million pounds of butter (82% milkfat) and 52.056 million pounds of whole milk powder to 35 countries on five continents.

These sales are the equivalent of 1.111 billion pounds of milk on a milkfat basis. Totals have been adjusted to reflect bid cancellations.

Assisting CWT members through the Export Assistance program in the long-term helps member cooperatives gain and maintain market share, expanding the demand for U.S. dairy products and the U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price.

The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT will pay export assistance to the bidders only when export and 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.