The information below has been supplied by dairy marketers and other industry organizations. It has not been edited, verified or endorsed by Hoard’s Dairyman.
Cooperatives Working Together (CWT) member cooperatives accepted six offers of export assistance from CWT that helped them capture sales contracts for 304,238 pounds (138 metric tons) of Cheddar and Monterey Jack cheese, and 158,733 pounds (72 metric tons) of butter. The product is going to customers in Asia and will be delivered from December 2020 through February 2021.
CWT-assisted member cooperative export sales contracts for 2020 total 26.306 million pounds of American-type cheeses, 8.443 million pounds of butter (82% milkfat), 1.982 million pounds of anhydrous milkfat, 5.898 million pounds of cream cheese, and 35.036 million pounds of whole milk powder. The product is going to 29 countries in seven regions. These sales are the equivalent of 788.5 million pounds of milk on a milkfat basis. Totals have been adjusted for cancellations.
Assisting CWT members in moving dairy products overseas through the Export Assistance program is critical during the challenging times U.S. dairy farmers and cooperatives are facing. The Export Assistance program helps to strengthen and maintain the value of dairy products that directly impact producers’ milk price. The program is helping member cooperatives grow and maintain world market share for U.S dairy products and is a significant factor in maintaining the total demand for U.S. dairy products and the demand for U.S. farm milk.
Dairy product and related milk volume amounts reflect current contracts for delivery, not completed export volumes. CWT pays export assistance to bidders only when export and delivery of the product is verified by required documentation.
All dairy farmers and dairy cooperatives should invest in CWT. Membership information is available on the CWT website.