European Dairy Futures and Options

CME Group to Launch European Dairy Futures and Options by 2026

Chicago – October 19, 2026 -- CME Group plans to launch futures and options on four European dairy products before the end of 2026, extending a dairy franchise that hit an all-time daily open interest record of 461,493 contracts on September 29.

The launch is pending all regulatory reviews. The new contracts cover European Skimmed Milk Powder, European Butter, European Whey Powder and European Liquid Milk. CME Group describes the rollout as the first step in a regional expansion that follows an agreement with the European Energy Exchange (EEX) earlier this year.

CME Group's dairy complex averaged 420,922 contracts a day in September

That monthly open interest figure is a record and a 42% increase year over year, according to the company. The exchange is pitching the European contracts as an extension of that momentum.