The Dairy Opportunities leadership team possesses extensive industry experience in the dairy and agricultural markets. The principals are supported by a team of professionals who handle operations, execution, and customer service.

Joe Schmit

Joe Schmit - Dairy Opportunities - PrincipalIn 1998, Joe Schmit traded his first dairy futures contract while serving as the Iowa Grain Company desk manager. Soon after, he began to trade his own account, as well as holding trading authority for several client accounts. As the dairy market matured, he developed a proven trading style that has delivered positive results while mitigating risk. Joe acted as an independent floor broker from 2000-2007. In 2007, he became an AP of Rice Dairy where he continued to grow assets under management. In 2009, Joe launched Dairy Opportunities, a Commodity Trading Advisor. Pete Turk and Brian Rice joined the Dairy Opportunities team as partners in 2013. Today, Joe holds his Series 3 license and is a registered floor broker with the CME. He is a registered AP and partner of Rice Dairy and a principal and the sole trader of Dairy Opportunities CTA.

Brian Rice

Brian Rice - Dairy Opportunities - Principal

Brian Rice is a Principal of Dairy Opportunities as well as the founder and Co-Owner of Rice Dairy LLC, a dairy brokerage firm in Chicago, IL. He started his career as an order clerk for First American Corp. and a trader for the Iowa Grain Company before founding Rice Dairy in 2002. Thirteen years later, Rice Dairy LLC is now the leading brokerage firm in the dairy industry, offering consulting and brokerage services along with information products and educational resources. Rice is also the CEO of Vault Technologies, a dairy software start-up and the director of Rice Dairy International Ltd. He sits on the Board of Directors of the International Dairy Foods Association (IDFA) and is a member of the American Dairy Products Institute’s (ADPI) price and policy task force. Outside of work, Brian and his wife Mindi keep busy raising their three daughters outside of Chicago.

Pete Turk

Pete Turk - Dairy Opportunities - Principal

Peter Turk is a Principal of Dairy Opportunities and the Co-Owner of Rice Dairy LLC, a dairy brokerage firm in Chicago IL. Turk started his career in the commodities industry at Staley Commodities, an agricultural clearing firm. He served a variety of roles in the industry, including most notably as Principal and Vice President of Sales and Business Development for Iowa Grain Company, before joining Rice Dairy in 2005. Turk is also a director of Rice Dairy International Ltd., and a Partner at Vault Technologies, a dairy software start-up. Turk is currently a registered floor broker at the Chicago Mercantile Exchange and previously served on the Board of Directors for the National Introducing Brokers Association (NIBA) for several terms. He has a strong background in agricultural markets and a successful track record in operational improvement and new business development.


Tom Sandy

Chief Compliance Officer and Principal

Tom Sandy - Dairy Opportunities - Chief Compliance Officer

In Tom’s role as CCO at Dairy Opportunities, he helps guide the company and their clients through the evolution of new compliance, rules, and regulations in the futures markets. All operational and regulatory functions fall under Tom’s purview as well as being a key liaison with the various exchanges, regulatory bodies, industry related agencies and working groups.

Tom comes to Dairy Opportunities after 25 years with CME Group where he played a key role in the development and launching of the dairy futures, options and spot call markets. He also served in many capacities including market regulation, clearinghouse, trading floor, and products and services, and.

Tom is also the chief operating officer for Rice Dairy and the chief compliance officer for Rice Dairy International Ltd. He also sits on the Board of Directors of the National Introducing Broker Association (NIBA), one of the foremost, nationally recognized organizations representing professionals in the futures and options industry. He is also a member of the U.S.-China Chamber of Commerce.


For more information on Dairy Opportunities, contact us.