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Article: Cheese trading will go electronic Green Bay exchange says volume will go up; critic is still unsatisfied
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- March 23, 1996
- Author:
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Copyright informationCopyright 1996 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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The beleaguered National Cheese Exchange, blasted this week in a
state investigation, hopes to boost volume within six months by
allowing electronic trades, the exchange president said Friday.
Electronic trading of cheese was one of many recommendations made
Tuesday by state regulators following a 31/2-year probe that
concluded Kraft Foods Inc. had lowered prices for wholesale milk and
cheese nationwide by selling cheese at a loss on the exchange.
Richard Gould, exchange president, said the exchange board had
been considering adding electronic trading for about one year, and
decided to go ahead with the project before the state investigative
report was released this week.
Trading on the ...