Electronic trading brings anonymity. Understand how CME dairy spot markets function Posted on February 11, 2018 By Sherry Bunting, Reprinted from Farmshine, February 9, 2018 CHICAGO, Ill. — The CME dairy spot markets have been evolving since arriving in Chicago after a tumultuous past on the Green Bay Cheese Exchange, writes Ronald K. O’Brien, II, a dairy market risk specialist and geostrategist. He is director of global derivatives for Interfood, multidimensional global dairy risk managers using physical and financial global dairy markets to offset internal sales and inventory risk. Recently, Farmshine
Milk price dip of little concern to farmers In the global dairy auction overnight, the average price fell for the first time this year by 0.5 percent to $3623US dollars a tonne. It had gone up at the three previous auctions. However, whole milk powder prices are up slightly by 0.3 percent to $3246US dollars a tonne. Whole milk powder prices are still at the highest level in nine months, and overall the market is looking relatively stable. Volumes sold were down about nine percent……… READ MORE……….
GDT Events Results Event 205 / 6 February 2018 Click Here for the full report Explanatory Notes All information published on this page may be reproduced provided the user acknowledges Global Dairy Trade as the source. Quantity sold is the total quantity sold in a Trading Event across all products, contract periods and sellers. The quantity sold may be less than the minimum supply if the quantity bid on a product in the first bidding round was less than the minimum supply Minimum supply and maximum supply are