CWT Export Assistance in November Continues to Support U.S. Dairy Product Prices
December 4, 2014
During the month of November, Cooperatives Working Together helped members export 7 million pound of cheese, 3 million pounds of butter and 18 million pounds of whole milk powder. That brought year-to-date totals for CWT-assisted sales to more than 99 million pounds of cheese, 54 million pounds of butter and 57 million pounds of whole milk powder. The sales to customers in 45 countries on six continents are the equivalent of 2.5 billion pounds of milk on a milkfat basis.
CWT is a voluntary, farmer-funded program that helps member cooperatives maintain and expand world markets for U.S. dairy products. At the NMPF annual meeting in October, President and CEO Jim Mulhern credited CWT with helping to keep U.S. dairy product prices high amid a steep decline in dairy prices worldwide. By moving U.S. dairy products into world markets, Mulhern said, the NMPF-developed program has helped keep domestic inventories low and strengthened milk prices across the board.
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