Dairy spot call transitioning to CME Direct Auction Platform

Dairy products will be transitioned to platform in two phases.

CME Group, the world's leading and most diverse derivatives marketplace, recently announced that, in December, it will begin transitioning its CME dairy spot call — for daily price discovery in physical dairy markets — to an electronic, transaction-based auction, which can be accessed through CME Direct.

Ultimately, this will replace the physical spot market held via a limited open outcry session on the company's Chicago, Ill., trading floor that currently facilitates price discove

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