CWT Helps Sell 16.7 Million Pounds of U.S. Dairy Products in October
November 7, 2014
In October, Cooperatives Working Together helped member cooperatives make 31 export sales of 6.8 million pounds of American-type cheese, 5.2 million pounds of butter and 4.7 million pounds of whole milk powder. The products will go to customers on six continents from October 2014 through April 2015.
The October CWT-assisted sales bring the year-to-date total to the equivalent of 2.3 billion pounds of milk on a milkfat basis. That is equal to the annual milk production of over 100,000 cows.
CWT is a voluntary, farmer-funded program that provides assistance to member cooperatives to maintain and expand world markets for U.S. dairy products made from milk produced by America’s dairy farmers.
At the NMPF annual meeting in Texas, President and CEO Jim Mulhern credited CWT with helping to keep U.S. dairy product prices at historical highs amid a steep decline in dairy prices worldwide. “By moving additional quantities of product from the U.S. market into world markets,” Mulhern said, “CWT, in conjunction with strong domestic sales, has kept domestic inventories low. That increased demand created through CWT has helped strengthen milk prices across the board.”