Cooperatives Working Together (CWT) has accepted 10 requests for export assistance from Dairy Farmers of America, Darigold, Maryland & Virginia Milk Producers Cooperative and United Dairymen of Arizona to sell a total of 340 metric tons (749,572 pounds) of Cheddar and Monterey Jack cheese and 235 metric tons (518,086 pounds) of butter to customers in North Africa, Asia and the Middle East. The product will be delivered May through July 2012.
In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 47.6 million pounds and butter totaling 41.3 million pounds to 26 countries on four continents. On a butterfat basis, the milk equivalent of these exports is 1.340 billion pounds, or the same as the annual milk production of 63,800 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.