KLA: CWT Reaches Herd Retirement, Milk Reduction Goal
10/29/2009 09:38AM
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Cooperatives Working Together (CWT) announced earlier this week it tentatively has accepted 154 bids in the fourth herd retirement conducted in the last 12 months. The 26,412 cows and 517 million pounds of milk accepted in this round, combined with CWT’s three previous herd retirements since December 2008, equal a total herd reduction of 252,000 and a decrease in milk production capacity of five billion pounds. All dairy producers will be notified no later than November 16 if their bid was among those accepted.
“Coming into 2009, CWT’s economists estimated we would need to remove between five and six billion pounds of milk, the production of approximately 250,000 cows, through herd retirements,” said Jerry Kozak, president and CEO of the National Milk Producers Federation, which administers CWT. “We are pleased the participation in this third herd retirement of 2009 has brought us to our goal of aligning supply with demand, and hastening the recovery of farm-level milk prices that plunged because of the global recession.”
For more information visit www.kla.org.