The National Cheese Exchange (NCE) was a private non-profit corporation that operated in Green Bay, Wisconsin. Every Friday morning for one-half hour, members of the NCE met to buy or sell cheddar cheese in blocks and barrels on the exchange. The closing prices were published and widely circulated throughout the

dairy industry A dairy is a business enterprise established for the harvesting or processing (or both) of animal milk – mostly from cows or buffaloes, but also from goats, sheep, horses, or camels – for human consumption. A dairy is typically located on ...

, and were used as the basis for buying and selling cheese throughout the food distribution system. Up until April 1997 the

USDA The United States Department of Agriculture (USDA) is the federal executive department responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food. It aims to meet the needs of com ...

used changes in the NCE price as a principal component in determining the basic formula price for all milk sold under federal milk marketing orders. Activity on the NCE was regulated by the Wisconsin Department of Agriculture and the

Wisconsin Attorney General The Attorney General of Wisconsin is a constitutional officer in the executive branch of the government of the U.S. state of Wisconsin. Forty-five individuals have held the office of Attorney General since statehood. The incumbent is Josh Kaul ...

. In May 1997, cheese trading moved to the Chicago Mercantile Exchange.

References

* Cheese Companies based in Green Bay, Wisconsin American dairy organizations {{cheese-stub