Butter Market: CME Grade AA Butter

 

2014 Butter Trading 2013 Butter Trading 2012 Butter Trading

 

 

February 2015

Date Butter
Closing Price
Carloads Sold Sold on Bids or Offers    Unfilled Bids Unfilled Offers     
March 2 $1.7800 16 3 truckloads @ $1.7800(O)
1 truckload @ $1.7750(O)
1 truckload @ $1.7700(B)
2 truckloads @ $1.7700(O)
1 truckload @ $1.7650(O)
3 truckloads @ $1.7600(O)
3 truckloads @ $1.7500(B)
1 truckload @ $1.7400(B)
1 truckload @ $1.7350(B)
3 truckloads @ $1.7700 2 truckloads @ $1.7900

Feb. 23 - 27

AVG: $1.6610 23    
February 27 $1.6950 4 1 truckload @ $1.6900(O)
1 truckload @ $1.6875(B)
2 truckloads @ $1.6800(O)
2 truckloads @ $1.6950 None
February 26 $1.6550 6 1 truckload @ $1.6500(B)
1 truckload @ $1.6475(B)
4 truckloads @ $1.6450(O)
6 truckloads @ $1.6550 None
February 25 $1.6425 0 None None None
February 24 $1.6425 12 10 truckloads @ $1.6700(B)
1 truckload @ $1.6500(B)
1 truckload @ $1.6400(O)
1 truckload @ $1.6425 1 truckload @ $1.6800
February 23 $1.6700 1 1 truckload @ $1.6700(O) None 1 truckload @ $1.6700

Feb. 16 - 20

AVG: $1.72125 12    
February 20 $1.7225 9 2 truckloads @ $1.7250(O)
2 truckloads @ $1.7225(B)
1 truckload @ $1.7225(O)
4 truckloads @ $1.7200(B)
2 truckloads @ $1.7200 1 truckload @ $1.7500
February 19 $1.7225 1 1 truckload @ $1.7225(O) None None
February 18 $1.7200 0 None None None
February 17 $1.7200 2 2 truckloads @ $1.7200(O) 10 truckloads @ $1.7200 None
February 16 No Trading 0 None None None

Feb. 9 - 13

AVG: $1.7260 36    
February 13 $1.7200 19 2 truckloads @ $1.7200(B)
1 truckload @ $1.7200(O)
1 truckload @ $1.7175(B)
1 truckload @ $1.7150(B)
4 truckloads @ $1.7150(O)
2 truckloads @ $1.7125(B)
1 truckload @ $1.7125(O)
7 truckloads @ $1.7100(O)
1 truckload @ $1.7200 None
February 12 $1.7100 0 None None 2 truckloads @ $1.7150
February 11 $1.7100 16 8 truckloads @ 1.7150(O)
2 truckloads @ $1.7100(B)
3 truckloads @ $1.7100(O)
1 truckload @ $1.7050(O)
1 truckload @ $1.7025(O)
1 truckload @ $1.7000(B)
2 truckloads @ 1.7000 None
February 10 $1.7450 1 1 truckload @ 1.7450(O) 1 truckload @ 1.7350 1 truckload @ $1.7500
February 9 $1.7450 0 None None 1 truckload @ $1.7450

Feb. 2 - 6

AVG: $1.8075 18    
February 6 $1.7950 0 None None 1 truckload @ $1.7950
February 5 $1.8400 0 None None 1 truckload @ $1.8400
February 4 $1.8500 11 2 truckloads @ $1.8500(O)
1 truckload @ 1.8375(B)
1 truckload @ $1.8350(B)
1 truckload @ $1.8325(B)
4 truckloads @ $1.8300(B)
2 truckloads @ $1.8200(B)
None 1 truckload @ $1.8600
February 3 $1.7900 3 2 truckloads @ $1.7625(O)
1 truckload @ 1.7900(B)
1 truckload @ $1.7900 None
February 2 $1.7625 4 4 truckloads @ $1.7600(B) 1 truckload @ $1.7625 None

 

January 2015

Date Butter
Closing Price
Carloads Sold Sold on Bids or Offers    Unfilled Bids Unfilled Offers     

Jan 26-30

AVG: $1.6495 18    
January 30 $1.7500 7 3 truckloads @ $1.7500(O)
1 truckload @ 1.7400(O)
2 truckloads @ $1.7350(O)
1 truckload @ $1.7350(B)
None 2 truckloads @ $1.7600
January 29 $1.7050 6 4 truckloads @ $1.7025(B)
1 truckload @ 1.7000(B)
1 truckload @ $1.6600(B)
1 truckload @ $1.7050 None
January 28 $1.6375 3 2 truckloads @ $1.6325(B)
1 truckload @ 1.6225(B)
1 truckload @ $1.6375 1 truckload @ $1.6500
January 27 $1.6025 2 2 truckloads @ $1.6000(O) 1 truckload @ $1.6025 None
January 26 $1.5525 0 None 1 truckload @ $1.5525 None

Jan 19 - 23

AVG: $1.5500 1    
January 23 $1.5500 0 None 1 truckload @ $1.5500 1 truckload @ $1.5700
January 22 $1.5500 0 None 1 truckload @ $1.5500 2 truckloads @ $1.5600
January 21 $1.5500 0 None 2 truckloads @ $1.5500 None
January 20 $1.5500 1 1 truckload @ $1.5475(O) 1 truckload @ $1.5500 None
January 19     No Trading  

Jan 12 - 16

AVG: $1.5450 1    
January 16 $1.5500 0 None 1 truckload @ $1.5400 1 truckload @ $1.5700
January 15 $1.5500 0 None 1 truckload @ $1.5500 None
January 14 $1.5425 0 None 1 truckload @ $1.5425 None
January 13 $1.5425 0 None 1 truckload @ $1.5425 None
January 12 $1.5400 1 1 truckload @ $1.5400(O) None None

Jan 5 - 9

AVG: $1.5400 5    
January 9 $1.5400 1 1 truckload @ $1.5400(O) 1 truckload @ $1.5300 None
January 8 $1.5400 0 None 1 truckload @ $1.5400 None
January 7 $1.5400 0 None 1 truckload @ $1.5400 None
January 6 $1.5400 1 1 truckload @ $1.5400(O) 1 truckload @ $1.5400 None
January 5 $1.5400 3 2 truckloads @ $1.5400(B)
1 truckload @ $1.5400(O)
2 truckloads @ $1.5400 None

Dec 29 - Jan 2

AVG: $1.5550 2    
January 2 $1.5550 2 1 truckload @ $1.5550(B)
1 truckload @ $1.5450(O)
None None
January 1     No Trading  
December 31 $1.5550 0 None None None
December 30 $1.5550 0 None 1 truckload @ $1.5500 2 truckloads @ $1.6000
December 29 $1.5550 0 None None 1 truckload @ $1.5550

 

(O) = Offer based sale (B) = Bid based sale

Definitions:

1 truckload = A carload of butter may vary in weight between 40,000 and 43,000 pounds
of Grade AA Butter

Sale: A sale represents the price at which both buyer and seller agree.
In other words, a sale represents either a buyer agreeing to the price
of an offer or (an offer-based sale), or a seller agreeing to the price of a bidder (a bid-based sale).

Unfilled bid: Is the unsuccessful attempt by a butter buyer to purchase butter at the price they specified.
Uncovered offer: Is the unsuccessful attempt by a butter seller to sell butter at the price they specified.

CME only reports the last unfilled bid and the last uncovered offer during a trading session.

The Closing Price, or Settling Price, is determined by the last sale, unless there is an unfilled bid at a higher price or an uncovered offer at a lower price.

 

Cheese Reporter does not guarantee the accuracy of these data and does not assume liability for errors or omissions