CME Nonfat Dry Milk Trading Details

January 2017

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
January 16 No   Trading    
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
January 2 No   Trading    

 

(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