|Missouri Dairy Business Update|
|Volume 5, Number 3|
According to the Cooperatives Working Together (CWT) program, the following ten Missouri herds were accepted into the second round of their herd retirement program.
During the second round of CWT's Herd Retirement program in the fall of 2004, more than 350 bids were accepted from around the country for the retirement of approximately 50,000 cows. This reduction in the national milking herd will result in the removal of approximately ½ of 1 percent of the nationís milk supply.
Total volume bid: 2.05 billion lbs.
CWT Renewed for 18 more months
The National Milk Producers Federation's Board of Directors voted
to reauthorize the industry-funded and managed price stabilization
program Cooperatives Working Together (CWT) for another eighteen months
of operations, beginning on July 1, 2005. The NMPF Board approval
of the CWT renewal followed a similar vote on Monday by the CWT Committee,
which helps direct the program.
Source: National Milk Producers Federation/ News Release, March 9, 2005