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Article: Senate OKs cheese exchange regulation Bill headed to Assembly requires monitoring by agriculture department
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- January 31, 1997
- Author:
CopyrightCopyright 1997 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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The state Senate on Thursday approved a bill imposing state
regulations on the controversial National Cheese Exchange in Green
Bay.
Although only a small amount of all the cheese bought and sold in
the United States is traded through the cheese exchange, exchange
prices directly influence the price of cheese and the price farmers
get for milk across the nation.
The exchange became a focus of farmers' anger over plummeting milk
prices after University of Wisconsin-Madison researchers raised
questions about whether traders on the exchange, including Kraft
Foods, may trade against interest to affect prices to their
advantage in the larger U.S. market.
The bill requires the state Department ...