SPOT BUTTER - CONTRACT SPECS

CONTRACT SIZE

40,000 - 43,000 lbs. of Butter ( ˜18 - 19.5 metric tons)

PRODUCT DESCRIPTION

Grade AA Butter

PRICING UNIT

Cents per pound

TICK SIZE (MINIMUM FLUCTUATION)

$0.0025 per pound (= $100.00 - $107.50 per contract)

TRADING HOURS (ALL TIMES LISTED ARE CENTRAL TIME)

CME Direct Auction Platform

MON–FRI: 11:15 a.m. – 11:25 a.m.

SETTLEMENT PROCEDURE

Dairy Spot Call Settlement Procedure

TICKER SYMBOLS

View Product Codes
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RULEBOOK CHAPTER

12

EXCHANGE RULE

These contracts are listed with, and subject to, the rules and regulations of CME.

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