The Dairy Markets at the CME offer the milk producer and the dairy foods industry a one-stop price discovery and risk management marketplace. Buyers and sellers from all over the country have already made it their choice for establishing spot cheese and butter prices. And, now they're using futures and options to help them control raw ingredient costs, protect profit margins and make long term pricing commitments on milk, butter and cheese.

The centerpiece of The Dairy Markets is the successful Class III Milk futures contract, which experienced a 45 percent growth rate in 1999. With a 95 percent correlation to the price of cheese, this 200,000 pound cash-settled Milk contract can be used by milk producers and by processors and end-users of cream cheese and most types of American and Italian cheeses. The deliverable Butter futures contract helps manage the risks of carrying inventory or procuring product.

In July 2000, The Dairy Markets will be adding a 200,000 pound cash-settled Class IV Milk contract. This new contract will be of interest to makers and users of sweet cream, yogurt, ice cream and sour cream among other Class II and IV dairy products. Milk producers and bottlers of fluid milk may want to use the new Class IV contract in tandemwith the existing Class III contract to hedge purchases and sales of Class I products.

Daily Dairy Report
10 Min. Delayed Futures Prices
Daily Settlement Prices