Saturday, January 16, 2010
NASS & CME NFDM Prices 2009
(click on image to enlarge)
In October 2009, I mentioned the growing spread between NASS and the CME so-called "cash market."
Essentially, no loads are traded at the CME but, most of the time the two prices track, except when some sneaky deal is taking place.
It is nice to see that NASS has finally caught up to CME. But,having gone through a year of world financial crisis brought on the "big guys", one might think the policy formulators might, just might take a look for similarities to the financial meltdown. They could find it in dairy.