Article: -CHICAGO MERCANTILE EXCHANGE: Merc welcomes USDA's Dairy Options Pilot Program

M2 PRESSWIRE-9 June 1998-CHICAGO MERCANTILE EXCHANGE: Merc welcomes USDA's Dairy Options Pilot Program (C)1994-98 M2 COMMUNICATIONS LTD RDATE:080698 --Dairy farmers enabled to use CME options for managing price risk The Chicago Mercantile Exchange today welcomed U.S. Agriculture Secretary Dan Glickman's approval of a Dairy Options Pilot Program (DOPP) designed to enable dairy farmers to manage the downside price risk related to their milk production. Under the program, dairy farmers will be able to choose the CME as the exchange on which they exercise their risk management. "We commend Secretary Glickman and the USDA for giving the nation's dairy farmers the opportunity to ...

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