-
About
|
About CME Group Information and Resources - Careers|
-
Investor Relations
|
Investor Relations Financial ReportsShareholder Information - Media Room|
-
Feedback
|
- Global
- Electronic Trading |
-
Clearing
|
CME Derivatives Clearing Clearing ServicesFinancial and Collateral ManagementClearing OperationsBusiness Continuity Mgt/DR -
CME ClearPort
|
CME ClearPort - OTC Derivatives Clearing CME ClearPort -
Market Data Services
|
Market Data Services New and Existing DistributorsLicensed Distributors - Market Regulation |
- Education |
- Resources
International Skimmed Milk Powder futures and options (ISMP) are the first international dairy risk management tools available to the industry. The futures contact is based on a physically delivered product based on the international standard for dry milk, and represents a market size estimated at $6.7 billion U.S. dollars.
Produced and consumed worldwide, Skimmed Milk Powder is known for its storage longevity and its use in a range of products: baking, confectionery, pharmaceuticals, infant formula, health drinks and ready-to-eat products. Demand for this product, combined with price vulnerability due to swings in production based largely on weather and herd size variations, make this a valuable hedging tool.
Users of the contract can take advantage of six worldwide delivery points: Los Angeles, Newark and Seattle in the U.S.; Auckland, New Zealand; Melbourne, Australia; and Rotterdam, Netherlands.
These contracts are electronically traded on CME Globex and centrally cleared by CME Clearing. They complete the set of hedging tools needed by producers and wholesalers for profit margin management.
See comprehensive product pages
Key features:
- Physically delivered
- Electronically traded
- Centrally cleared
- Useful hedging tool
- Produced and consumed worldwide
For more information, please contact:
| Chicago Office Tom Clark Associate Director CME Group Products and Services 312-930-4595 thomas.clark@cmegroup.com |
|
|
Singapore Office |
London Office Jeffry Kuijpers Director Agricultural/Alt. Investment Products +44 207-796-7108 jeffry.kuijpers@cmegroup.com |
- Clearing & Trading Fees
- International Incentive Programs
- Advisory Notices
- Special Executive Reports
- Cash Settled Futures
- Holiday Calendar
- Financial Safeguards
- Free Real-Time Quotes
- Vendor Codes Lookup
- Agricultural Broker Directory
- Future Spreads on CME Globex
- Integration Update
- Corporate Governance
- NYMEX Cost Basis Memo
- SMART Click Tool
- Performance Bond Requirements
