Dairy Spot Call Data

Dairy Spot Call Data

The CME Group offers four dairy Spot Call markets; including Nonfat Dry Milk, Butter, Cheese, and Dry Whey.

Further details, including product specifications are available here

See the table below for the current and the revised hours.

Type

Current Hours

Dry Whey

10:45 a.m. – 10:55 a.m.

Cheese (Barrels and Blocks)

11:00 a.m. - 11:10 a.m.

Butter

11:15 a.m. - 11:25 a.m.

Nonfat Dry Milk

11:30 a.m. - 11:40 a.m.

Click here for the CME Spot Dairy Auction holiday schedule

CME Group facilitates daily wholesale price discovery in physical dairy markets for Dry Whey, Cheddar Cheese in Barrels and Blocks, Butter, and Nonfat Dry Milk. The spot call functions to manage/balance participants’ current inventories, provide a trusted environment to transact business, and to provide an open and transparent price discovery mechanism for our customers.

Contact Us

Dairy Auction Hotline:

+1 312 648 3999

Questions?

Dairy Team

To ensure readiness prior to going live, contact:

Dairy Spot Call Onboarding

CME Direct Auction

CME Direct Auction is an innovative and proven transaction-based auction platform for trading and price discovery in physical spot markets.

How is CME Direct Auction Platform different from CME Direct?

Futures and options products are available on CME Direct, while physically delivered spot call dairy products are available on the CME Direct Auction Platform. They are two separate platforms, requiring separate registration. A trader who is registered on CME Direct to trade futures and options will still need to complete the registration process for the CME Direct Auction Platform.

Registering for CME Direct Auction - Dairy Spot Call

A verification officer for the firm must complete and submit the registration information to receive access to the CME Dairy Auction.

A verification officer is a primary firm contact with inherent authority to add and remove users from the CME Direct Auction platform. We strongly encourage the assignment of a back-up officer.

Registering Online for CME Dairy Auction – Dairy Spot Call is Free and Easy

New Firm & User Registration

For firms that are not currently registered for CME Direct Auction.

Step 1

Trading firms who intend to participate in the Dairy market must contact their Clearing Member Firm to request to have their trading firm added to CME Spot Call Deliveries application. Otherwise, we will not be able to process your Dairy Spot Call Auction Registration. You can send an email to clearinghousedelivteam@cmegroup.com or call (312) 930-3172 if you or your Clearing Member Firm have any questions on Spot Call Deliveries.

Step 2

Verification officers and users of the platform must register and activate a CME Group Login ID

Register for CME Group Login.

CME Group Login is a self-managed, centralized user profile service that authenticates access to applications and services.

Learn more about CME Group Login.

Step 3

Complete and submit the CME Direct Auction Registration Form.

Sign up for Production Access

By clicking the “Submit” button at the bottom of the page, your request will be routed to our EASE team for processing. Upon receipt and validation, EASE will onboard your firm and users. You will receive notification via email upon completion.

For questions about the process or status of your registration, contact:

CME Enterprise Application & System Entitlements (EASE)

U.S. +1 312 456 1560
Europe +44 20 3379 3802
Asia +65 6593 5536

Step 4

Registered trading firms must contact their clearing member to request that a clearing account be created in CME Account Manager (Account Manager Service). Clearing members should be provided with a list of products as well as a list of OTC brokers that can enter trades on their behalf.

Additional User Registration

This process is for firms already registered with CME Group that wish to add additional users. The process must be completed by a verification officer.

Step 1

Each new user must create and activate a CME Group Login ID and provide the verification officer with their newly created CME Group Login IDs.

Register for CME Group Login.

Step 2

Verification officer must complete and submit the CME Direct Auction Additional User Form. 

Register an Additional User.

By clicking the “Submit” button at the bottom of the page, your request will get routed to our EASE team for processing. Upon receipt and validation, EASE will onboard new users. Users will receive notification via email upon completion.