CWT Assisted December Sales Raise 2019 Milk Equivalent Exports to 1.3 Billion Pounds
January 7, 2020
December’s CWT-assisted sales of 4.1 million pounds of cheese, butter, whole milk powder and cream cheese raised the 2019 export sales to 48.9 million pounds of America-type cheeses, 5 million pounds of butter, 46.1 million pounds of whole milk powder, and 6.8 million pounds of cream cheese. The milk equivalent of these 2019 CWT-assisted sales is 956.3 billion pounds on a milkfat basis.
These sales mean an estimated 135 million pounds of CWT-assisted dairy products have been shipped out of the U.S. and into overseas markets in 2019, the milkfat equivalent of 1.257 billion pounds of milk.
In December, CWT assisted six member cooperatives in securing 42 sales contracts for 2.1 million pounds of American-type cheeses, 332,898 pounds of butter, 1 million pounds of whole milk powder, and 634,931 pounds of cream cheese. The products will be shipped during the months of December 2018 through April 2019.
Assisting CWT member cooperatives gain and maintain world market share through the Export Assistance program positively impacts all U.S. dairy farmers by strengthening and maintaining the value of dairy products that directly impact their milk price. It does this by expanding the demand for U.S. dairy products beyond the domestic market thereby increasing the total demand for U.S. farm milk.
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.
All cooperatives and all dairy farmers benefit from CWT’s activities and should add their support to this important program in 2019 and beyond. Membership forms for 2019-2021 are available at http://www.cwt.coop/membership.