CWT Helped Keep Member Dairy Cooperatives Competitive in World Markets in May
June 4, 2015
Cooperatives Working Together continued in May to help keep its member cooperatives competitive in world markets, as they contracted to sell 18.1 million pounds dairy products to customers in 10 countries on four continents. The products included 5.7 million pounds of American-type cheese, 2.2 million pounds of butter, and 10.2 million pounds of whole milk powder.
These 30 sales contracts bring the year to date 2015 CWT totals to 35.1 million pounds of cheese, 26.6 million pounds of butter, and 20.1 million pounds of whole milk powder. Together, these transactions will export the equivalent of 1.07 billion pounds of milk, on a milkfat basis, to customers in 28 countries on five continents.
Developed by NMPF, CWT is a voluntary export assistance program supported by dairy farmers producing 70 percent of the nation’s milk. By helping to move U.S. dairy products into world markets, CWT helps keep maintain and grow U.S dairy farmers share of these expanding markets which, in turn, keeps dairy farmer milk prices at reasonable levels.