The objective of this study is to provide an empirical evaluation of the expected relationship between cash and futures prices for fluid milk. This is done using historic cash prices from 1988 to 1995, and making inferences about how futures prices would have behaved if they had traded during...

Future contracts for fluid milk began trading in late 1995 and early 1996. This paper investigates the potential use of fluid milk futures contracts as hedge vehicles for dairy producers in the Upper Midwest and California markets. This is done by developing simulated futures prices for the...

In 2007, U.S. diary exports rose 300 per cent from 2006. This paper discusses the international market factors that led to this large increase and then projects exports for 2008 based on these changing factors. The paper also discusses trade agreements both in effect and proposed and how these...