Nonfat Dry Milk futures provide a way to:

• Engage in price discovery for Nonfat Dry Milk, a by-product derived from manufacturing butter
• Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of Nonfat Dry Milk
• Evaluate or reflect on both the current and future supply and demand situation for Nonfat Dry 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 Nonfat Dry Milk
• Manage price risk across a series of contracts in a single transaction using packs functionality

Things to Know:

• Nonfat Dry Milk futures are a cash-settled 44,000 pound contract of Grade A and Extra Grade dry milk
• You can view free electronic real-time price quotes on Nonfat Dry Milk futures, including:
  • Best bids and offers
  • Daily trading activity
  • Outright and spread markets
  • Top packs and bundles
• Contracts trade virtually 24 hours a day on the CME Globex electronic platform and side-by-side on the trading floor during regular trading hours
• Electronically traded Nonfat Dry Milk futures offer:
  • Direct participation in the trading process
  • Greater pricing efficiency
  • Millisecond response time
  • Dedicated market makers
  • Implied spread functionality
• Sign up for free daily email commentary on CME Group Dairy markets by visiting www.dailydairyreport.com