CME Cash Market Summary
Dairy Team - Chicago
- Dairy
Dairy price risk management services provided by dairy industry experts
Our experienced dairy industry consultants provide clients with full-service brokerage, market analysis, forecasts and advice.
Comprehensive dairy supply chain solutions with price risk management
Navigate volatility in the dairy markets with innovative risk management strategies, expert market insights, high-touch consulting services, and more.
Dairy risk management consulting
Explore our high-touch consulting and advisory services for mitigating risk and improving price risk management across the dairy supply chain.
Dairy trading services
Our global network of registered brokers provides efficient, real-time execution and direct access to dairy exchanges, including OTC and US Spot Call, as well as CME, EEX, SGX-NZX.
StoneX Plus
Get comprehensive market insights, proprietary forecasts, and expert analysis in an easy-to-use portal. customise data displays and access live market prices and trading account analytics.
Dairy risk protection insurance
Enjoy the benefits of USDA dairy and livestock insurance programs and proven risk management strategies to protect revenue and lock in profits.
StoneX Plus
Your partner in dairy market success
There is no denying the volatility of commodity markets, and the dairy industry is no different, with milk and dairy products produced, traded, and consumed globally.
To help you stay ahead of trends and make smarter business decisions, we provide dairy market analysis through our StoneX Plus platform.
In addition to daily, weekly, and monthly reports, we also host outlook webinars, in-person seminars, and provide one-on-one telephone and email consultations.
Our dairy team is multilingual, speaking English, German, French, Polish, Spanish, Arabic, Mandarin, and Cantonese, ensuring clear and effective communication.
Redefining dairy risk management
Our clients have access to the full range of exchange-traded risk management products offered by exchanges worldwide, including the U.S., Europe, and Singapore. These products include exchange-traded futures and options, proprietary OTC trading tools, and cash-market instruments.
We have boots on the ground with our leading team of economists, analysts, and brokers throughout the US, Europe, Asia, and Australia. For over 20 years, our dairy team has been helping businesses navigate the volatile dairy markets.
Our dairy group collaborates with every step of the dairy supply chain, from producers and traders to manufacturers and retailers. We are proud to work closely with the majority of top global dairy companies.
How does dairy risk management work?
Risk management in the dairy industry involves various tools that are implemented to manage the risks associated with dairy commodity price volatility and other factors that can affect profitability throughout the entire dairy supply chain. Some of the common risk management strategies include:
- Hedging with futures contracts: As mentioned earlier, dairy farms, processors, and distributors can use futures contracts to lock in a price for their products and help protect themselves against price volatility.
- Forward contracts: Similar to futures contracts, forward contracts allow buyers and sellers to agree on a price for the delivery of dairy products at a future date. These contracts can be customised to meet the specific needs of the parties involved.
- Options trading: Options are contracts that give the holder the right, but not the obligation, to buy or sell a specific quantity of a dairy product at a certain price, on or before a certain date. Options can be used as a form of insurance against price fluctuations.
We offer dairy price risk management for:
Markets | Products | ||
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CME |
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EEX |
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SGX-NZX |
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OTC | Swaps and Options across all main dairy products |
What are dairy futures?
Dairy futures are a type of financial contract that allow buyers and sellers to lock in a price for dairy products to be delivered at a future date. These futures contracts are traded on commodity exchanges, such as the Chicago Mercantile Exchange (CME), and are used by dairy farmers, Co-ops, processors, traders, distributors, end-users and retailers to hedge against price fluctuations in the dairy market.
For example, a dairy farmer might use a futures contract to lock in a price for their milk for delivery in six months' time. If the market price of milk decreases in that time, the farmer will still receive the price agreed upon in the futures contract, protecting them from potential losses. On the other hand, if the market price of milk increases, the farmer may miss out on potential profits but will still receive the agreed-upon price in the futures contract.
Dairy futures contracts can be used to trade a variety of dairy products, including milk, cheese, butter, skim milk powder, whole milk powder and whey. They are settled in cash at the end of the contract period, rather than by physical delivery of the dairy product.
Does StoneX offer dairy revenue protection?
Yes, StoneX does offer dairy revenue protection.
USDA Dairy Revenue Protection (Dairy-RP) is a risk management program for US dairy producers. Administered by the USDA, it offers insurance coverage against drops in milk prices or production. Producers can purchase policies based on future milk prices, providing financial compensation if revenue falls below a guaranteed level. Dairy-RP aims to stabilize income and mitigate market volatility. Policies are customizable and purchased through authorised insurance agents. For the latest details, consult official USDA and RMA resources or an insurance agent.
The FCM Division of StoneX Financial Inc. has partnered with Ag Hedge Desk to create a Dairy Revenue Protection decision tool that enables producers to:
- Find baseline coverage based on their exposure to Class III and Class IV CME milk futures prices, quarterly production, state, and other metrics
- Compare alternatives
- Optimise coverage
This simple tool can deliver straight-forward views into what Dairy-RP might be suitable for you.
Who can benefit from StoneX’s dairy consulting, market intelligence, and brokerage services?
Farmers/Dairies
Enhance dairy farm profitability with StoneX. Secure milk prices, gain market insights, and access seamless trade services.
Co-operatives/Processors
StoneX aids co-ops and processors in risk management and strategic market access, enhancing decision-making and operations.
Traders
StoneX supports wholesalers in navigating market shifts, optimising supply chains, and enhancing product strategies.
Food/Feed Manufacturers
Manage price risk in complex supply chains. Use market insights and forecast to help create and manage budgets. Access brokerage services to limit impact of market volatility.
Distributors/Retailers
Gain market insights and optimise product offerings. Strengthen supplier relationships and streamline supply chains. Improve marketing strategies and category management.
Food Service/Restaurants
Manage risk in menu/promotion setting. Enhance sourcing and supplier relationships. optimise operations and marketing strategies.
Dairy Market Intelligence
Turn information into opportunity with access to key livestock inventory and production data, sales data charts, exclusive markets reports from our analysts and more.
Dairy Market Intelligence
Discover more insights
Dive into comprehensive market analysis from StoneX spanning commodities, equities, currencies and more.
Upcoming events
StoneX London Cocoa Drinks Reception 2026
StoneX events|Europe|Language: English
08 May - 08 May 2026
London
Join StoneX for an invitation-only cocktail reception in London, held in conjunction with the FCC London Cocoa Dinner.
This customer appreciation event is designed for conversation and connection, an opportunity to catch up with industry peers and the StoneX team, and to discuss cocoa market dynamics, risk management considerations, and OTC solutions.
Space is limited, and registrations are subject to approval.
World of Coffee, Brussels
Third party events|Europe|Language: English
25 June - 27 June 2026
Brussels, Belgium
The StoneX Coffee team will be at World of Coffee Brussels to discuss how we help coffee businesses manage price risk, navigate volatility and make more informed decisions across the value chain, June 25-27.
Stop by Booth 11402 to explore how our market intelligence and CoffeeNetwork platform support smarter day-to-day pricing and purchasing decisions.
Global Dairy Market Outlook
Webinars||Language: English
29 June - 02 July 2026
Time Varies Based on Session
Stay ahead of global dairy markets with StoneX’s upcoming virtual Global Dairy Market Outlook.
This one-hour webinar series delivers timely, region-by-region insight into the supply and demand forces shaping global dairy prices. Each session is tailored by language and time zone, giving you a clearer view of market direction and the potential pricing implications ahead.
StoneX: We open markets
Our market expertise, advanced platforms, global reach, culture of full transparency and commitment to our clients’ success all set us apart in the financial marketplace.
Reach
With access to 40+ derivatives exchanges, 180+ foreign exchange markets, nearly every global securities marketplace and numerous bilateral liquidity venues, StoneX’s digital network and deep relationships can take clients anywhere they want to go.
Transparency
As a publicly traded company meeting the highest standards of regulatory compliance in the markets we serve, our financials and track record are matters of public record. StoneX’s commitment to “doing the right thing over the easy thing” sets us apart in the industry and helps us build respect, client trust and new partnerships.
Expertise
From our proprietary Market Intelligence platform to “boots-on-the-ground” expertise from award-winning traders and professionals, we connect our clients directly to actionable insights they can use to make more informed decisions and achieve their goals in the global markets.
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