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Local: 312-930-1000
Toll Free: 866-716-7274
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Product inquiries, website issues, and specific questions
Phone: 312-930-2316
Toll Free: 800-331-3332
E-mail:info@cmegroup.com
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Butter futures provide a way to:
- Engage in price discovery for butter utilizing a physically delivered contract
- Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of butter
- Evaluate or reflect on both the current and future supply and demand situation for butter and related dairy products
- Take advantage of arbitrage and spread opportunities with other dairy products
- Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in butter
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View free real-time quotes on a variety of electronically traded CME Group products
Extended Friday Close for Electronic Livestock and Dairy Products Starts Oct. 24
Effective Friday, October 24, 2008, the close of electronic trading on Fridays for Live Cattle, Feeder Cattle, Lean Hog, Frozen Pork Belly and all Dairy futures and options on CME Globex will be extended to 1:55 p.m. CT from 1:30 p.m. CT.
MD Calendar
Market Data Planning Calendar
Random Length Lumber on CME Globex
Effective October 20, 2008, Random Length Lumber futures and options will now trade electronically virtually 24 hours a day on CME Globex
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
| Trade Unit | 40,000 pounds of Grade AA butter | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 point = $.0001 per pound = $4.00 | ||
| Strike Price Interval | |||
| Strike | |||
| Limits/Price Banding | $0.05/lb, 500 pts, $2000 Expandable price limits. | ||
| Minimum Fluctuation |
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| Trading Hours | 9:05 a.m. to 1:10 p.m. LTD (12:10 p.m. If the LTD is on a day that the market closes early, then the time is 11:10 a.m.) | ||
| Listed | |||
| Product Codes | Clearing=DB Ticker=DB | ||
| Minimum Block Size | |||
| Product Calendar | Six months of March, May, July, September, October, and December. View current product listings |
Extended Friday Close for Electronic Livestock and Dairy Products Starts Oct. 24
Effective Friday, October 24, 2008, the close of electronic trading on Fridays for Live Cattle, Feeder Cattle, Lean Hog, Frozen Pork Belly and all Dairy futures and options on CME Globex will be extended to 1:55 p.m. CT from 1:30 p.m. CT.
MD Calendar
Market Data Planning Calendar
Random Length Lumber on CME Globex
Effective October 20, 2008, Random Length Lumber futures and options will now trade electronically virtually 24 hours a day on CME Globex
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| OCT08 | DBV08 | 10/23/2007 |  |
10/22/2008 | 10/22/2008 |
| DEC08 | DBZ08 | 12/20/2007 | |
12/18/2008 | 12/18/2008 |
| MAR09 | DBH09 | 03/24/2008 | |
03/20/2009 | 03/20/2009 |
| MAY09 | DBK09 | 03/24/2008 | |
05/19/2009 | 05/19/2009 |
| JUL09 | DBN09 | 07/23/2008 | |
07/22/2009 | 07/22/2009 |
| SEP09 | DBU09 | 09/22/2008 | |
09/21/2009 | 09/21/2009 |
| Contract Month | Product Code | First Trade Date | Last Trade Date> | Settlement Date | |
| OCT09 | DBV09 | 10/23/2008 | |
10/21/2009 | 10/21/2009 |
Extended Friday Close for Electronic Livestock and Dairy Products Starts Oct. 24
Effective Friday, October 24, 2008, the close of electronic trading on Fridays for Live Cattle, Feeder Cattle, Lean Hog, Frozen Pork Belly and all Dairy futures and options on CME Globex will be extended to 1:55 p.m. CT from 1:30 p.m. CT.
MD Calendar
Market Data Planning Calendar
Random Length Lumber on CME Globex
Effective October 20, 2008, Random Length Lumber futures and options will now trade electronically virtually 24 hours a day on CME Globex
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership