The table below lists the current CME Class III Futures contract PREMIUMS OR DISCOUNTS for all 2004 contract months.
These PREMIUMS / DISCOUNTS are computed relative to a set of average Class III prices.
These cash price averages are calculated using 3, 5, 7, 10, and 14 years.
Months that show a large PREMIUM relative to these averages should be given consideration
if you use the CME futures & options contracts to price your farms milk.

Do you know what your cost is to produce 100 pounds of milk? 
 Do any of the current Class III settle price PREMIUMS meet your pricing objectives?
  Are you a reactive price manager or are you ProActive in managing the price you will receive for your milk?
  If you would like to learn more about becoming a ProActive Price manager,
contact Professor Cameron Thraen at thraen.1@osu.edu to learn more about becoming a price maker!

Daily Settle 2007 Class III Futures Prices and PREMIUM(+) / DISCOUNT(-)