CWT-Assisted Export Sales Out-pace Milk Production Growth
U.S. dairy exports assisted through Working Together (CWT) program will far exceed the growth in milk production through the first three months of 2019, reports the National Milk Producers Federation.
Through April, CWT-assisted sales include 26.6 million pounds of cheese, 4 million pounds of butter, 23.4 million pounds of whole milk powder and 1.9 million pounds of cream cheese. On a milkfat basis, these sales equate to 521 million pounds of milk equivalent.
Through March, U.S. milk production has increased 103 million pounds. (April milk production will be released May 20.)
Note, too, that not all of the CWT-assisted sales have occurred, and reflect current contracts for delivery. For example, CWT contracts approved in April mean these products will be shipped between April and October. The CWT program pays the export assistance only after bidders export and deliver product, and submit required documentation.
CWT is a voluntary, producer-funded program comprised of 24 dairy cooperatives and individual dairy farm members. The program has been in existence since 2003. For more information on CWT, click here.