Mexican Origin
Used to identify cattle of Mexican origin on market reports.
Micro-fixing
A manufacturing procedure to convert cold storage bulk butter into print butter.
Moderate
When the volume of supplies is average for the market being reported. See related terms supply/offering, heavy, and light for those definitions.
Modified Wet Distillers Grain
A by-product of ethanol production containing 50 to 55 percent moisture.
Mostly
The majority of sales within a reported price range. Transaction driven, not volume weighted.
NA
Not available.
NC
No change.
NDPSR
National Dairy Products Sales Report.
NYMEX Crude Oil
Crude oil is the world's most actively traded commodity. Light, sweet crudes are preferred by refiners because of their low sulfur content and relatively high yields of high-value products such as gasoline, diesel fuel, heating oil, and jet fuel. Contract size is 1,000 barrels. Quoted as US dollars per barrel. Settlement type is physical. Refer to the following link for full specifications:
NYMEX Heating Oil
Contract size is 42,000 gallons quoted in US dollars and cents per gallon. Settlement type is physical. Refer to the following link for full specifications:
http://www.cmegroup.com/trading/energy/refined-products/heating-oil_contract_specifications.html
