- Consumers filed a lawsuit in Vermont last month alleging that Dairy Farmers of America (DFA) bought cheese on the Chicago Mercantile Exchange (CME) despite having an abundant supply already.
- Buying activity on the CME can influence dairy prices in the U.S., and the suit accuses the DFA working accordingly to artificially sustain higher cheese prices.
- The suit names Keller's Creamery and National Dairy Holdings as co-defendants.
From the article:
Dairy Farmers of America (DFA) is facing court over allegations that it manipulated trading in the Chicago Mercantile Exchange (CME) Cheese Spot and Milk Futures markets to drive up the price of dairy products across the US. ...