CME Nonfat Dry Milk Trading Details
Nonfat Dry Milk
|Date||Closing Price||Volume||Trading||Unfilled Bids||Uncovered Offers|
|January 17||$1.0325||0||None||2 truckloads @ $1.0225||1 truckload @ $1.0350|
|Jan 9 - 16||$1.0265||9|
|January 13||$1.0325||0||None||1 truckload @ $1.0300||1 truckload @ $1.0500|
|January 12||$1.0325||1||1 truckload @ $1.0325 (B)||None||None|
|January 11||$1.0300||3||1 truckload @ $1.0300 (B)
2 truckloads @ $1.0275 (B)
|1 truckload @ $1.0250||None|
|January 10||$1.0200||3||1 truckload @ $1.0250 (B)
1 truckload @ $1.0200 (O)
1 truckload @ $1.0175 (B)
|1 truckload @ $1.0200||None|
|January 9||$1.0175||2||1 truckload @ $1.0200 (O)
1 truckload @ $1.0175 (O)
|1 truckload @ $1.0150||1 truckload @ $1.0275|
|Jan 2 - 6||$1.0325||3|
|January 6||$1.0525||1||1 truckload @ $1.0500 (O)||1 truckload @ $1.0525||None|
|January 5||$1.0300||0||None||1 truckload @ $1.0300||1 truckload @ $1.0425|
|January 4||$1.0275||2||1 truckload @ $1.0275 (B)
1 truckload @ $1.0250 (B)
|1 truckload @ $1.0225||2 truckloads @ $1.0500|
|January 3||$1.0200||0||None||1 truckload @ $1.0100||None|
(O) = Offer based sale (B) = Bid based sale
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