Butter Market: CME Grade AA Butter

 

Jan - July 2015 Butter Trading 2014 Butter Trading 2013 Butter Trading 2012 Butter Trading

 

August 2015

Date Butter
Closing Price
Carloads Sold Sold on Bids or Offers    Unfilled Bids Unfilled Offers     
Aug 31 -Sep 4 AVG: $2.4065 13      
September 4 $2.4525 0

None

2 truckloads @ $2.4525 1 truckload @ $2.5000
September 3 $2.4500 4

1 truckload @ $2.4550(B)
3 truckloads @ $2.4500(B)

1 truckload @ $2.4500 None
September 2 $2.4200 6

1 truckload @ $2.4200(B)
2 truckloads @ $2.4050(B)
2 truckloads @ $2.3900(B)
1 truckload @ 2.3850(O)

1 truckload @ $2.4200 None
September 1 $2.3600 0

None

1 truckload @ $2.3600 1 truckload @ $2.3850
August 31 $2.3500 3

1 truckload @ $2.3500(O)
1 truckload @ $2.3400(B)
1 truckload @ $2.3400(O)

1 truckload @ $2.3425 1 truckload @ $2.3600
Aug. 24 - 28 AVG: $2.3180 4      
August 28 $2.3400 2

1 truckload @ $2.3500(B)
1 truckload @ $2.3400(O)

1 truckload @ $2.2850 None
August 27 $2.3425 0

None

1 truckload @ $2.3425 None
August 26 $2.2925 0

None

None None
August 25 $2.2925 2

2 truckloads @ $2.2800(O)

1 truckload @ $2.2925 None
August 24 $2.3225 0

None

1 truckload @ $2.2850 1 truckload @ $2.3225
Aug. 17 - 21 AVG: $2.2490 5      
August 21 $2.3700 0

None

1 truckload @ $2.3000 None
August 20 $2.3700 0

None

1 truckload @ $2.3700 None
August 19 $2.2700 0

None

1 truckload @ $2.2700 1 truckload @ $2.4500
August 18 $2.1600 4

1 truckload @ $2.1600(O)
1 truckload @ $2.1525(B)
1 truckload @ $2.1500(O)
1 truckload @ $2.1200(B)

1 truckload @ $2.1550 1 truckload @ $2.1800
August 17 $2.0750 1

1 truckload @ $2.0750

1 truckload @ $2.0750 None
Aug. 10 - 14 AVG: $2.0205 21      
August 14 $2.0650 5

4 truckloads @ $2.0625(B)
1 truckload @ $2.0650 (O)

1 truckload @ $2.0625 1 truckload @ $2.0700
August 13 $2.0275 15

4 truckloads @ $2.0250(B)
8 truckloads @ $2.0275(B)
}1 truckload @ $2.0300(B)
1 truckload @ $2.0325(B)
1 truckload @ $2.0250(O)

1 truckload @ $2.0275 None
August 12 $2.0150 0

None

None None
August 11 $2.0050 0

None

1 truckload @ $2.0050 None
August 10 $1.9900 1

1 truckload @ $1.9900(O)

None 1 truckload @ $2.0100
August 3 - 7 AVG: $1.9900 1      
August 7 $1.9900 0

None

1 truckload @ $1.9800 None
August 6 $1.9900 0

None

None None
August 5 $1.9900 0

None

None None
August 4 $1.9900 0

None

None None
August 3 $1.9900 1

1 truckload @ $1.9700(O)

1 truckload @ $1.9900 None
July 27 - 31 AVG: $1.9345 13      

 

(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