Cooperatives Working Together is now accepting bids for its tenth herd retirement. The decision came after a review of a number of economic benchmarks including cull rates and cull cow prices. National Milk Producers Federation President and CEO Jerry Kozak says it's CWT's belief that a herd retirement at this time will add to the positive momentum already building and should result in speeding up the milk price recovery in progress. Kozak says CWT will consider bids up to $3.75 per hundredweight that are submitted by June 25.
CWT doesn't have a set target for the milk volume or number of cows to be removed in this herd retirement. The number of dairy animals removed will depend on the number of bids received and the price level of those bids. Farmers with bids accepted by CWT are paid for milk production. They also retain the beef value of the cows they send to processing.
In order to be considered all bids must be postmarked by Friday June 25. Dairy producers submitting bids must be members of CWT as of January 2009 either through membership in a participating cooperative or as an independent member of CWT.
For more information, visit www.cwt.coop.