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Article: Green Bay cheese trading to end Controversial exchange to close; move may not stabilize prices
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- March 21, 1997
- Author:
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Copyright informationCopyright 1997 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Green Bay's embattled National Cheese Exchange will shut down at
the end of April and the trading of cheese will move to the Chicago
Mercantile Exchange in May, officials said Thursday.
The move ends a long period of controversy for the cheese
exchange, during which questions were raised about its traders
manipulating national milk prices, its office was blockaded by
tractor-driving farmers, and legislation imposing state regulations
on cheese trading was approved by the state Senate.
Cheese exchange President Richard Gould attributed the closing to
a growing belief by traders including some of the nation's largest
cheese manufacturers, processors and distributors, such as Kraft ...