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Class III Milk 
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Class III Milk futures provide a way to:

  • Engage in price discovery for Class III Milk, which is used mainly in the manufacturing of cheddar cheese
  • Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of Class III Milk
  • Evaluate or reflect on both the current and future supply and demand situation for Class III Milk and related dairy products
  • Take advantage of arbitrage and spread opportunities with other dairy products
  • Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in Class III Milk
  • Manage price risk across a series of contracts in a single transaction using packs functionality