Thursday, March 25, 2010
What Is It Powder?
(click on image to enlarge)
Leave it to the Chicago Mercantile Exchange (CME)to promote a "lets pretend" attitude. Maybe people will think it is more or less a market or close enough.
CME's latest "money maker" is what they call Skim Milk Powder (SMP). Here is what they say, "The product is made using Ultra High Filtration with all proteins and minerals filtered out and then blended back in to meet a set protein standard of 34 percent." What? You can have Ultra High Temperature (UHT)pasteurized milk. Or you can Ultra Filtered (UF)milk but, I don't think you can have this silly combination.
SMP is really NFDM (which is made to a USDA moisture standard) adjusted, usually by adding lactose, to bring the product to a (codex)protein standard.
In any event, welcome to the casino.