CWT-Assisted Cheese Exports Top 100 Million Pounds
November 9, 2012
During the month of October, Cooperatives Working Together (CWT) received 82 requests for export assistance on cheese, butter, anhydrous milk fat (AMF) and whole milk powder (WMP). It provided assistance on 33 cheese bids, 12 butter bids, one AMF and one WMP bid. Shipments of the product were to be delivered through April 2013 to 35 countries on four continents.
Through the end of October, the total amount of CWT-assisted cheese exports was 106.3 million pounds of Cheddar, Colby, Gouda and Monterey Jack. Butter exports were 61.2 million pounds for the same period. The milk equivalent of these exports was 2.3 billion pounds on a milkfat basis, equal to 64% of the 3.6 billion pounds of increased milk produced in 2012.
According to an analysis by Dr. Scott Brown, an agricultural economist at the University of Missouri, CWT’s export assistance shipments in 2012 will add 43 cents per hundredweight to the All Milk price.
As a result of its efforts, CWT’s Export Assistance Program continues to provide dairy farmers with an outstanding return on investment.
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