Herd retirement isn't the only way Cooperatives Working Together helps strengthen and stabilize milk prices by balancing supply with demand. Export assistance is another part of the puzzle - and CWT announced this week it has accepted bids to export more than 420,000 pounds of cheddar cheese to the Middle East and Asia in June and July. CWT has assisted members in making export sales of Cheddar cheese totaling 34.9-million pounds to 17 countries since the Export Assistance program was reactivated on March 18 this year.
The program was reactivated when there were economic indications that cheddar cheese inventories extending into the market hampered recovery in producer milk prices. CWT says providing its members with export assistance offers the most immediate way to positively impact producer milk prices in the short and long-term.
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