Member cooperatives with Cooperatives Working Together (CWT) accepted five offers of export assistance from the program that helped capture contracts to sell 101,413 pounds (46 metric tons) of Cheddar and Monterey Jack cheeses, 220,462 pounds (100 metric tons) of butter, and 211,644 pounds (96 metric tons) of whole milk powder. The product has been contracted for delivery in Asia, South America and the Middle East from August-December 2018.
CWT-assisted 2018 export sales total 46.14 million pounds of American-type cheeses, 12.53 million pounds of butter (82% milkfat) and 31.96 million pounds of whole milk powder to 29 countries on five continents. These sales are the equivalent of 941 million pounds of milk on a milkfat basis.
This activity reflects CWT management implementing the strategic plan approved by the CWT Committee in March. The changes will enhance the effectiveness of the program and facilitate member export opportunities.
Assisting CWT members through the Export Assistance program in the long term helps member cooperatives gain and maintain market share, thus expanding the demand for U.S. dairy products and the U.S. farm milk that produces them. This, in turn, positively affects all 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.