Dollars and Jens
Wednesday, May 11, 2005
cheese market
This is weeks old.
Amid allegations that the market is manipulated by a handful of powerful insiders, the Commodity Futures Trading Commission has reportedly requested documents on trading in the cheddar cheese pit at the Chicago Mercantile Exchange. Officials with the exchange on Monday told a group of dairy farmers that the CFTC had requested documents on trading in recent months, according to several of the participants. "They told us the CFTC had recently requested information about . . . severe aberrations in the marketplace," said Joe Logan, president of the Ohio Farmers Union and a former dairy farmer who participated in the meeting.

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