We still need the CME
In the conversation about the block and barrel cheese prices that play a role into the Class III price farmers receive for their milk, some might ask if the way cheese value is discovered through the CME remains relevant. After all, the roots of the exchange date back to the early 1900s, when it was mostly used as a way to connect buyers and sellers.
However, the short answer is still yes, the panelists of the March 3
Hoard’s Dairyman DairyLivestream agreed. If we didn’t use the CME, we would need something similar instead, noted the University of Wisconsin-Madison’s Mark Stephenson.