CME Group, the world's leading derivatives marketplace, today announced that its Dairy futures and options products set a new open interest (OI) record of 403,113 contracts on February 27. In addition, Dairy futures and options reached a new record monthly average daily volume (ADV) of 11,234 contracts in February. The previous ADV record was 9,514 contracts in September 2025.
"Tightening nonfat dry milk and butter inventories along with strong demand for whey protein have led clients to turn to CME Group in record numbers to manage their risk," said John Ricci, CME Group Managing Director and Global Head of Agricultural Products. "Our commitment to our clients centers on providing a range of precise hedging tools to help them navigate all market environments."
Other records achieved across the company's Dairy products included:
- Class IV Milk futures and options traded a record monthly ADV of 1,443 contracts
- Cash-Settled Cheese futures and options reached a record OI of 90,378 on February 26 and monthly ADV of 2,985 contracts
For more information on CME Group Dairy futures and options, please visit here.
