Missouri Dairy Business Update Commercial Agriculture
Volume 3, Number 10
October 2003

CWT Bids Accepted

According to the CWT's website, http://www.cwt.coop/ as of 10/24/2003, about 15% of the 2,552 bids submitted were accepted in either the CWT's herd retirement program or the reduced production program. Here are the national statistics:

Herd Retirement Reduce Production Marketings
Total volume bid: 5.3 billion lbs. Total volume bid: 397 Million lbs.
Total accepted bid volume: 608 million lbs. Total accepted bid volume: 88 Million lbs.
Total number of bids submitted: 2,038 Total number of bids submitted: 514
Total number of bids accepted: 299 Total number of bids accepted: 77
Average accepted bid: $4.00/cwt. Average accepted bid: $4.07/cwt.
Number of cows retired: 32,734 Average percentage reduction: 17%

Missouri had the following 6 herds accepted into the buyout program and none accepted into the reduced production program.

Joh Greer - Goodson, MO
Hedgpeth Farms - Clever, MO
Donald Johnson - Koshkonong, MO
Wm Nora Johnson - Queen City, MO
James Moore - Downing, MO
Donald Scheetz - Niangua, MO

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