milk futures | BTCC Knowledge

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What are milk futures?

Milk futures, often referred to as dairy futures, are an agricultural future that is traded on the CME. The CME has offered various varieties of milk futures, but currently it only offers two types, Class III and Class IV. Both classes can be sold as milk futures and nonfat dry milk futures.

How do I buy milk futures?

To be able to purchase milk futures, you must firstly open an account with an NZX listed broker. You are then able to purchase future contracts at a set price eg the current price at time of writing is $6.62 per kg MS. The milk futures are purchased in bundles of 6,000kgMS eg: to buy 18,000kgMS would require 3 contracts.

Is there a futures contract for Class IV milk?

Although there are futures contracts for Class IV milk, cheese, butter, dry whey, and non-fat dry milk, they are very thinly traded compared to Class III milk.

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What are milk futures?

How do I buy milk futures?

Is there a futures contract for Class IV milk?

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