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Article: Federal action uncertain on cheese exchange
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- May 17, 1996
- Author:
CopyrightCopyright 1996 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Federal officials were non-committal Thursday about whether the
government planned any action on allegations that Kraft Foods Inc.
may have manipulated prices at the National Cheese Exchange in Green
Bay.
On the second of two days of joint hearings by two House
Agriculture subcommittees, John E. Tull Jr., the acting chairman of
the Commodity Futures Trading Commission, said the University of
Wisconsin study that contained the allegations largely predated the
start of cheddar cheese futures trading on the Coffee, Sugar and
Cocoa Exchange.
Because of that, he said, the situation would not come under the
Commodity Futures Trading Commission's scrutiny.
Nevertheless, Tull said, "we are ...