Dairy Products EEXMarketsAgricultural MarketsDairy Products „The agricultural markets represent one of the largest sub-asset classes in exchange commodity trading. Our products enable clients to manage their price risk on these markets while avoiding counterparty risk.“ Sascha Siegel, Head of Agricultural Commodities Why trade Agricultural Derivatives on EEX? Hedging of price risks on the agricultural markets Financial settlement of all transactions based on reliable reference prices Access to a broad range of commodity products Safe and reliable clearing and settlement processes via European Commodity Clearing (ECC) Leading derivatives market for potatoes and dairy products in Europe Financial Settlement All products are settled financially upon maturity (cash settlement). In this process, reference prices adequately reflecting the value of the traded products are used. These price indices increase market transparency – also in the futures contracts. Market indices as the basis for pricing on the dairy market EEX European Butter, European Skimmed Milk Powder and European Whey Powder Indices For the calculation of the EEX Weekly Indices renowned price assessments for Germany, France and the Netherlands are used as the data basis and combined into an unweighted average. As seen from a historical perspective, the correlation between these quotations is at a significantly high level. As a result, the indices reflect the market price of the referenced products within the European Economic Area. Futures positions which are still open after the last day of trading are settled financially at the final settlement price. The final settlement price corresponds to the relevant EEX Monthly Index which represents the arithmetic mean of all published values of the related EEX Weekly Index during the respective month. EEX Weekly European Cheese Indices (WECI) The calculation of EEX Weekly European Cheese Indices (WECI) is based upon price contributions from participants in the European Physical Cheese Market. EEX has developed the index specifications and price reporting methodology to accurately reflect spot/nearby prices in the underlying physical market. For each relevant cheese, EEX calculates an initial average value based upon prices received from all contributors. Prices submitted by individual contributors that deviate by more than 5% from this initial average value are eliminated after which a final average value is calculated. This final average value represents the index value for the relevant week. The indices are published on Wednesdays and comprise the following: EEX Weekly European Cheddar Curd Index EEX Weekly European Mild Cheddar Index EEX Weekly Young Gouda Index EEX Weekly Mozzarella Index Are you interested in Cheese Index data? The weekly index values for cheese can be found under Agricultural Indices. TO THE PAGE EEX European Liquid Milk Index The Index consists of prices determined in Germany, the Netherlands, Denmark and Ireland which are summarised into an unweighted average. They are based on the prices of the “Milk Market Observatory” of the European Commission as per (EU) No 2017/1185 Article 12 (a) – Annex II. 4(a). ** Are you interested in Liquid Milk Index data? The weekly index values for liquid milk can be found under Agricultural Indices. TO THE PAGE **In case one or more of the above-mentioned listings or price determinations (price information) are not available or implausible, EEX AG reserves the right to suspend one or more price information temporarily or permanently or to replace them with other price sources. EEX AG will announce temporary or permanent changes in these cases. Futures positions which are still open after the last trading day are settled financially at the final settlement price which corresponds to the respective market price index. Contract specifications* All products are offered for exchange trading on EEX. In addition, transactions concluded over the counter can also be registered for clearing (Trade Registration). Clearing and settlement of all transactions are provided by ECC, the clearing house of EEX Group. EEX European Butter Future EEX European Skimmed Milk Powder Future EEX European Whey Powder Futures EEX European Liquid Milk Futures *Please note that this document is exclusively intended for you information and is not legally binding. The legally binding contract specifications are available on the EEX website at Trading > Rules and Regulations. Start trading at EEX Get information about admission, connectivity as well as rules & regulations MORE Get the weekly newsletter on the dairy market “Dairy Market Outlook” Please register free of charge at the EEX online shop MORE Agricultural Indices There are indices for the following agricultural products: Butter Whey Powder Liquid Milk Skimmed Milk Powder Processing Potatoes Cheese FIND THE WEEKLY INDEX VALUES HERE Local expertise in global commodity markets RELATED WEBSITES European Energy Exchange AG Augustusplatz 9, 04109 Leipzig, Germany t: +49 341 2156-0 a member of Privacy Notice Disclaimer Imprint Glossary We use cookies on our website. Some of these help to improve this website for your individual user experience, while others are fundamentally important to ensure that the content is correctly displayed. With the following statement, you can agree to the use of cookies. > Read the Privacy Policy INDIVIDUAL COOKIE SETTINGS