Weekly CWT Update

News Editorcwt, Export

Cooperatives Working Together (CWT) has announced their updated export bids for the past week.

Two of the bids were from California Dairies Inc., of Artesia, Calif., for the following butter exports: 2,000 metric tons (4.4 million pounds) to Iran, and 115.2 metric tons (253,973 lbs.) to Honduras.

Four bids were accepted from Dairy Farmers of America of Kansas City, Mo., for the following anhydrous milkfat exports to Mexico: 54 metric tons (119,050 lbs.), 54 metric tons (119,050 lbs.), 54 metric tons (119,050 lbs.), and 36 metric tons (79,366 lbs.).

Finally, one bid was accepted from Land O’Lakes of Arden Hills, Minn., for the export of 36 metric tons (79,366 lbs.) of Cheddar cheese to South Korea.

CWT will pay an export bonus to the bidders, only when delivery of the product is verified by the submission of the required documentation.

With these accepted bids, CWT’s total 2008 export obligations are: butter, 18,514 metric tons (40.8 million lbs.); cheese, 1,351 metric tons (2.9 million lbs.); whole milk powder, 170 metric tons (374,000 lbs.); and anhydrous milkfat, 4,872 metric tons (10.7 million lbs.). The milk equivalent total of these products is 1.22 billion pounds.