CME Nonfat Dry Milk Trading Details

November 2017

2017 CME Nonfat Dry Milk Trading Details

Date Closing Price Volume Trading Unfilled Bids Uncovered Offers
November 21 0.7050 1 1 truckload @ $0.7050 (O)

1 truckload @ $0.6925
1 truckload @ $0.6900

None

November 20 0.7150 0 None

1 truckload @ $0.6950
2 truckloads @ $0.6900

1 truckload @ $0.7300
1 truckload @ $0.7225
1 truckload @ $0.7200
1 truckload @ $0.7150

Nov. 13 - 17 $0.7385 A 15      
November 17 0.7250 0 None

1 truckload @ $0.6950
1 truckload @ $0.6900
1 truckload @ $0.6825
1 truckload @ $0.6800

2 truckloads @ $0.7400
1 truckload @ $0.7300
1 truckload @ $0.7250

November 16 0.7450 3 3 truckloads @ $0.7450 (O)

1 truckload @ $0.7375
1 truckload @ $0.7225
2 truckloads @ $0.7200
1 truckload @ $0.7075

1 truckload @ $0.7500
5 truckloads @ $0.7475
1 truckload @ $0.7450

November 15 0.7450 9 1 truckload @ $0.7500 (O)
1 truckload @ $0.7475 (B)
1 truckload @ $0.7475 (O)
5 truckloads @ $0.7450 (B)
1 truckload @ $0.7425 (B)

1 truckload @ $0.7425
1 truckload @ $0.7375

1 truckload @ $0.7550
1 truckload @ $0.7475
1 truckload @ $0.7450

November 14 0.7425 0 None

1 truckload @ $0.7425
2 truckloads @ $0.7250
1 truckload @ $0.6900

None

November 13 0.7350 3 1 truckload @ $0.7350 (O)
1 truckload @ $0.7300 (B)
1 truckload @ $0.7275 (B)

1 truckload @ $0.7300
1 truckload @ $0.7200
1 truckload @ $0.7100
1 truckload @ $0.7000
1 truckload @ $0.6875

1 truckload @ $0.7350

Nov. 6 - 10 $0.7210A 9      
November 10 0.7225 0 None

1 truckload @ $0.7125
1 truckload @ $0.7100
1 truckload @ $0.7075
1 truckload @ $0.7025
2 truckloads @ $0.6875

1 truckload @ $0.7225

November 9 0.7275 2 1 truckload @ $0.7275 (B)
1 truckload @ $0.7250 (B)

1 truckload @ $0.7150
1 truckload @ $0.7050
1 truckload @ $0.6950

1 truckload @ $0.7350

November 8 0.7150 0 None

1 truckload @ $0.7150
1 truckload @ $0.7050
1 truckload @ $0.7025
1 truckload @ $0.6900
1 truckload @ $0.6875
1 truckload @ $0.6800

None

November 7 0.7125 7 1 truckload @ $0.7200 (B)
1 truckload @ $0.7150 (B)
2 truckloads @ $0.7125 (B)
2 truckloads @ $0.7100 (B)
1 truckload @ $0.7100 (O)

1 truckload @ $0.7125
2 truckloads @ $0.7100
1 truckload @ $0.7050
1 truckload @ $0.7000
1 truckload @ $0.6950
1 truckload @ $0.6875

1 truckload @ $0.7200

November 6 0.7275 0 None

1 truckload @ $0.7275
1 truckload @ $0.7100
1 truckload @ $0.7000

6 truckloads @ $0.7450

Oct. 23-Nov. 3 $0.7300A 38      
November 3 0.7200 24 20 truckloads @ $0.7250 (O)
4 truckload @ $0.7250 (B)

1 truckload @ $0.7200
2 truckloads @ $0.7150
1 truckload @ $0.7200
1 truckload @ $0.7100
1 truckload @ $0.7025
2 truckloads @ $0.7000

9 truckloads @ $0.7300
1 truckload @ $0.7225

November 2 0.7250 5 2 truckloads @ $0.7225 (O)
1 truckload @ $0.7200 (B)
2 truckloads @ $0.7175 (O)

1 truckload @ $0.7250
1 truckload @ $0.7150
1 truckload @ $0.7100
1 truckload @ $0.7000

1 truckload @ $0.7300

November 1 0.7225 6 3 truckloads @ $0.7225 (B)
3 truckloads @ $0.7225 (O)

2 truckloads @ $0.7125
1 truckload @ $0.7150
1 truckload @ $0.7000

6 truckloads @ $0.7250

October 31 0.7325 3 3 truckloads @ $0.7325 (O)

1 truckload @ $0.7300
1 truckload @ $0.7250
2 truckloads @ $0.7100

1 truckload @ $0.7350

October 30 0.7500 0 None 1 truckload @ $0.7200
1 truckload @ $0.7100

1 truckload @ $0.7700

 

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

Definitions:

1 truckload = A truckload of nonfat dry milk may weight 44,000 pounds
The ad price is quoted in cents per pound

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 nonfat dry milk buyer to purchase nonfat dry milk at the price they specified.
Uncovered offer: Is the unsuccessful attempt by a nonfat dry milk seller to sell nonfat dry milk 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