CWT Assists with Over a Half Million Pounds of Dairy Product Export Sales

This item has been supplied by a forage marketer and has not been edited, verified or endorsed by Hay & Forage Grower.

Cooperatives Working Together (CWT) member cooperatives accepted nine offers of export assistance from CWT that helped them capture sales contracts for 304,238 pounds (138 metric tons) of Cheddar cheese, 56,116 pounds (25 metric tons) of butter, and 191,802 pounds (87 metric tons) of cream cheese. The product is going to customers in Asia and will be delivered during the period from April through July 2021.

CWT-assisted member cooperative year-to-date export sales total 11.865 million pounds of American-type cheeses, 8.8 million pounds of butter (82% milkfat), 3.6 million pounds of AMF, 13.5 million pounds of whole milk powder, and 4.4 million pounds of cream cheese. The products are going to 26 countries in six regions. These sales are the equivalent of 540.5 million pounds of milk on a milkfat basis.

Assisting CWT members through the Export Assistance program positively affects all U.S. dairy farmers and dairy cooperatives by strengthening and maintaining the value of dairy products that directly impact their milk price. It does this by helping member cooperatives gain and maintain world market share for U.S dairy products. As a result, the program has significantly expanded the total demand for U.S. dairy products and the demand for U.S. farm milk that produces those products.

The amounts of dairy products and related milk volumes reflect current contracts for delivery, not completed export volumes. CWT pays export assistance to the 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.