Tuesday, July 27, 2010

Same Old Stuff

Today, July 27, 2010, the appearance of actual trading on the CME is misleading. Same buyer and seller for all the cheese.

Butter was a similar story. Except that, the seller appeared to be Daisy Brands. Here is a link to Daisy Brands product list: http://www.daisybrand.com/products/index.aspx

As anyone can plainly see, Daisy Brands would have to go out and buy butter to sell on the CME. This is not a rare event.

Obviously, Daisy Brands has an interest in the price of cream at the farm, and guess what, that is what brings Daisy Brands to the CME.


  1. This should be illegal for Daisy Brands to do this from the consumer interest, as well as from the farmer interest.

  2. Same buyer and same seller? I'm not following. Jerome and Kraft?

  3. John,
    I checked out Daisy's site. Prominent in it is their reference to winning the American Business Ethics Award for 2008,(awarded approproately in that den of righteousness, Las Vegas, Nev. Nov. 1st., 2008!)
    Obviously screwing dairymen out of their hard earned cash is just "business" to these lions of morality. The owners of the firm, the Sokolskys must have a long history of hypocrasy and maybe a smidge of mendaicty in their lineage... what a crock!
    Nate Wilson

  4. Don't you just love all the conventions and awards at these vacation spots, which I might add, are funded by the farmer?

    Again, how much is in the budget for these side shows?

  5. Jerome has not been trading this month. Kraft is rarely a visible trader. By same buyer and sell, I meant all the trades were by the same buyer (Schriber) and seller ( a broker).