By: Bob Meyer
After sliding for several days, cash cheese barrels gained 3 cents on the Chicago Mercantile Exchange on Tuesday. Blocks lost another 2.5 cents but Class III futures reacted to the barrels: February gained 26 cents to close at $23.15, March added 49 cents to $20.99 and April increased 27 cents to $19.59.
Cooperatives Working Together (CWT) has accepted 26 requests for export assistance from Bongards Creameries, Dairy Farmers of America, Land O’Lakes, Maryland & Virginia Milk Producers Cooperative Association, Michigan Milk Producers Association, Northwest Dairy Association and Tillamook County Creamery Association to sell 4.006 million pounds of Cheddar, Gouda and Monterey Jack cheese, 1.645 million pounds of 82% butter and 180,779 pounds of whole milk powder to customers in Asia, Europe, the Middle East and North Africa. The product will be delivered in February through June 2014.
Year-to-date, CWT has assisted member cooperatives in selling 16.389 million pounds of cheese, 5.396 million pounds of butter and 698,865 pounds of whole milk powder to 18 countries on four continents.
© Copyright 2014 Brownfield, All rights Reserved. Written For: Brownfield