Tuesday, June 14, 2011

Let them eat Fiat Cheese

The Wall St Rat Pack will love this one.........

From the CME group:

To better meet the price risk management needs of dairy companies, CME Group is adding Cheese futures and options to its suite of dairy contracts.

Based on domestic cheddar cheese, these new contracts will enable direct hedging of forward exposure to the price of cheese. They will be cash-settled, traded electronically on CME Globex, and block trade eligible.......read on

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