Butter Market: CME Grade AA Butter

 

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

 

June 2015

Date Butter
Closing Price
Carloads Sold Sold on Bids or Offers    Unfilled Bids Unfilled Offers     
June 30 $1.9175 4

2 truckloads @ $1.9275(B)
1 truckload @ $1.9250(O)
1 truckload @ $1.9200(B)

1 truckload @ $1.9100 1 truckload @ $1.9175
June 29 $1.9250 1

1 truckload @ $1.9250(O)

1 truckload @ $1.9200 1 truckload @ $1.9350
June 22 - 26 AVG: $1.9080 8      
June 26 $1.9150 4

2 truckloads @ $1.9150(B)
1 truckload @ $1.9000(B)
1 truckload @ $1.8900(B)

1 truckload @ $1.9100 1 truckload @ $1.9175
June 25 $1.8900 2 1 truckload @ $1.8900(O)
1 truckload @ $1.8700(O)
1 truckload @ $1.8800 None
June 24 $1.8800 1 1 truckload @ $1.8800(O) 1 truckload @ $1.8600 1 truckload @ $1.8900
June 23 $1.8975 0 None None 1 truckload @ $1.8975
June 22 $1.9575 1 1 truckload @ $1.9475(B) 1 truckload @ $1.9575 None
June 15-19 AVG: $1.8980 3      
June 19 $1.9150 1 1 truckload @ $1.9050(O) 1 truckload @ $1.9150 None
June 18 $1.8950 0 None 1 truckload @ $1.8800 1 truckload @ $1.9200
June 17 $1.8950 0 None 1 truckload @ $1.8950 None
June 16 $1.8850 2 2 truckloads @ $1.8850(O) None None
June 15 $1.9000 0 None None 2 truckloads @ $1.9600
June 8-12 AVG: $1.8725 4      
June 12 $1.9000 0 None 1 truckload @ $1.9000 None
June 11 $1.8825 1 1 truckload @ $1.8650(B) 1 truckload @ $1.8825 None
June 10 $1.8600 0 None 1 truckload @ $1.8500 None
June 9 $1.8600 0 None 1 truckload @ $1.8500 None
June 8 $1.8600 3 3 truckloads @ $1.8600(O) None None
June 1-5 AVG: $1.9515 2      
June 5 $1.9000 1 1 truckload @ $1.9000(B) None None
June 4 $1.9125 1 1 truckload @ $1.9100(O) 1 truckload @ $1.9125 None
June 3 $1.9375 0 None None 2 truckloads @ $1.9375
June 2 $1.9525 0 None None 1 truckload @ $1.9525
June 1 $2.0050 0 None None 1 truckload @ $2.0050

 

(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