The farmer-managed Cooperatives Working Together (CWT) export assistance program, has helped its member dairy cooperatives sell over 50 million pounds of America-type cheeses and 50 million pounds of whole milk powder overseas so far in 2018. Combined with nearly 13 million pounds of butter exports, the milk equivalent of these sales is nearly 1.2 billion pounds of milk.
This past week, CWT member cooperatives accepted nine offers of export assistance from CWT that helped them capture contracts to sell 1.462 million pounds (663 metric tons) of Cheddar cheese, and 8.845 million pounds (4,012 metric tons) of whole milk powder. The product has been contracted for delivery in Asia, Central America, the Middle East and North Africa for the period from September 2018 through March 2019.
CWT-assisted member cooperative 2018 export sales total 51.101 million pounds of American-type cheeses, 12.962 million pounds of butter (82% milkfat) and 54.547 million pounds of whole milk powder to 34 countries on five continents. These sales are the equivalent of 1.162 billion pounds of milk on a milkfat basis.
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.