Sunday, October 25, 2009
(click on image to enlarge)
The latest NASS price for NFDM is $1.046 per pound. Notice the CME and NASS NFDM price graph above. At the moment, the DairyAmerica, the co-op's marketing agency-in-common for NFDM, lists the NFDM price as $1.3025.
So, it appears,just now when NFDM is hard to find, the NASS price reported by DairyAmerica's member is much lower than DairyAmerica is charging for NFDM. Who is the customer?
And, by the way, virtually no NFDM is traded (changes hands)on the CME.