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See free real time quotes at www.cme.com/wheyquotes.
On September 17, 2007, CME Group will launch Dry Whey options on the CME Globex electronic trading platform. Electronic trading hours for these contracts will be the same as for other commodity products: trading begins Monday at 9:05 a.m. Chicago time and remains open through Friday 1:30 p.m. with daily hour-long trading halts at 4:00 p.m. CME Dry Whey Futures CME Dry Whey futures are cash-settled contracts traded exclusively on the CME Globex platform. Whey is the liquid that separates from milk in the process of cheese making. Dried whey, which is high in protein and low in fat, is used in a variety of foods such as crackers, breads, cereal and commercial pastries. It is also used increasingly in the popular energy and power bars as well as protein drinks and powders. Whey is also used in animal feed. Growing demand for whey has not always been met with even supply, and this has resulted in dry whey becoming a volatile commodity. CME Dry Whey futures provide traders price protection, hedging opportunities and a mechanism for price discovery. About CME Dairy Product Futures and Options Dairy producers and manufacturers today face many challenges in operations and in marketing. Dairy prices fluctuate from month-to-month and make it difficult to ensure meeting breakeven costs. CME dairy futures and options, however, serve as useful tools for managing the risks inherent to the dairy industry. Options on CME dairy futures, in particular, allow producers and manufacturers to limit their price risks, while leaving open the door for profit potential. These markets also attract traders who are willing to accept the risk, in return for potential profits, that dairy professionals seek to transfer. Benefits: - Price volatility – Commodity prices change constantly, since these markets are subject to numerous influences, such as seasonal aspects, weather, consumer tastes, heath and food issues and perishability
- Spreading potential – Linkages between the commodity markets offer innumerable choices for spreading in either futures or options
- Growing liquidity – Designated market makers as well as growing worldwide demand for commodities is generating increased liquidity in CME Commodity markets
- Distinct asset class – Underlying markets are not correlated to other markets, and they are facing increased demand along with limited short-term supply
- Price transparency – Electronic CME commodity markets offer unprecedented price transparency, with CME market prices universally available in real time
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