Dairy.com Launches Butter Exchange; Exchange Now Trading All Butterfat Types and Grades.Business Editors Dairy.com announced today the successful launch of the new Dairy.com Butter Exchange. Thirty-nine companies have already joined the new market, which provides twenty-four hour trading of any type or grade of butterfat butterfat globules in the milk of all species. It can be separated to make butter. The nutritional value and the price of milk are judged on, among other things, the butterfat content of the milk. . The Dairy.com Butter Exchange was specifically designed to reduce the time and cost of trading butterfat, while increasing market visibility across the industry. Sellers can market to the entire industry, while buyers can access a centralized pool of inventory. Built with the assistance and expertise of industry leaders, the exchange is now live and available for all industry participants. Current member companies include: Dairy Farmers of America The Dannon Company Dean Foods Dreyer's Grand Ice Cream Grain Millers Dairy Products Division Grassland Dairy Products Keller's Creamery Kraft Foods Land O Lakes, Inc. Level Valley Creamery Michigan Milk Producers Schreiber Foods "The execution of a risk management program can be challenging today, due to limited visibility of the market and limited access to buyers and sellers," commented Joe McGowan Joe McGowan (7 January 1944, Mullaghmore, Co. Sligo, Ireland) is an Irish historian, folklorist, and author specialising in the history of Sligo. Bibliography
President of Dairy.com, Scott Sexton added, "The Dairy.com Butter Exchange is the industry's answer to the questions about how to more efficiently trade a broad range of butterfat commodities. At the request of our customers, we have quickly provided the industry with a means to buy and sell butter, anhydrous an·hy·drous adj. Without water, especially water of crystallization. anhydrous (anhī´drus), adj without water. anhydrous containing no water. milk fat, concentrated milk fat, whey whey liquid residue from milk after the removal of cheese curds in the manufacture of cheese. An excellent protein supplement but difficult to handle in the liquid form, except to pigs maintained close to the cheese factory. Dried whey is easy to handle but processing costs are high. cream butter, and butter oil with ease. I am excited to announce the launch of the Butter Exchange." The Dairy.com Butter Exchange allows members to specify butterfat by quantity, type, grade, make and availability dates, package size, and certification, among many other variables. In addition to butterfat trading, Dairy.com is actively building additional solutions and services to help streamline the way the dairy industry does business. Future releases will include other dairy commodities markets as well as solutions focused on streamlining transportation, physical settlement, and other dairy industry processes. Dairy.com is extending a free Butter Exchange membership to all existing members of Dairy.com. Companies not currently members of Dairy.com can join to trade butter for $1,000 per year. About Dairy.com With member companies representing the majority of the annual U.S. dairy sales, Dairy.com is the industry's leading Internet-based commodities exchange and service provider focused on serving the dairy industry from producer to manufacturer. Dairy.com was founded as an independent, neutral exchange by a broad consortium of dairy industry organizations including; Dairy Farmers of America Dairy Farmers of America (DFA) is an agricultural marketing cooperative owned by about 19,514 members (dairy farmers) representing 11,306 farms in the United States representing one-third of the US milk supply. In 2006 it had $7,898,824,000 in sales. , The Dannon Company (NYSE NYSE See: New York Stock Exchange :DA), Dean Foods (NYSE:DF), Dreyer's Grand Ice Cream (Nasdaq:DRYR), Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for (NYSE:KFT KFT Korlátolt Felelõsségû Társaság (Hungarian: limited liability corporation) KFT Kraft Foods International (stock symbol) KFT Kilo-Feet KFT Kung Fu Tzu (Confucius) ), Land O'Lakes, Leprino Foods, and Schreiber Foods. Dairy.com currently offers trading of dairy commodities, logistics estimating tools, information services See Information Systems. , and herd management software. Visit www.dairy.com for more information. |
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