CME begins block cheese futures and options trading Sunday

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CME begins block cheese futures and options trading Sunday

The Chicago Mercantile Exchange will now offer block cheese futures and options trading because of high customer interest. Tim Andriesen is CME’s Managing Director of Agricultural Products, and says, “In response to those customers, we decided to launch a cash-settled contract which settles to the monthly average of the 40-pound block cheddar cheese as reported by the USDA.”

CME Group’s Tim Andriesen

Andriesen tells Brownfield many customers wanted to manage block cheese risk independent of the broader cheese contracts.

Continue reading CME begins block cheese futures and options trading Sunday at Brownfield Ag News.

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