Addition of Butter Increases CWT Export Volume
February 3, 2012
Cooperatives Working Together (CWT) has added butter to the product list it will assist members in selling overseas, starting in January. Analysis of market fundamentals by CWT/NMPF economists indicated that the time was right to provide assistance to CWT member cooperatives interested in expanding sales of U.S. butter in foreign markets.
Members of CWT have responded strongly to the addition of this product line to the Export Assistance program. Requests for assistance were accepted from four CWT member cooperatives to export nearly 11 million pounds of butter to four countries to be delivered through June.
In addition, in January CWT accepted 48 bids to export 13.2 million pounds of Cheddar, Gouda and Monterey Jack cheese to 10 countries. This product will be delivered from January through June.
CWT continues its effort to increase producer participation above 70% of the milk supply, with mailings to independent dairy farmers and cooperatives currently not investing in CWT.