Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
Options on Butter futures provide a way to:
- Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of butter
- Take advantage of arbitrage and spread opportunities with other dairy products
- Utilize some strategies to allow hedgers to reduce or even eliminate price level risk while retaining the opportunity to improve their purchase or selling price
- Trade based on price movement, spreads or market volatility
Things to Know:
- Butter futures trade during regular trading hours on the CME Group trading floor
- Sign up for free daily email commentary on CME Group Dairy markets by visiting www.dailydairyreport.com
View free real-time quotes on a variety of electronically traded CME Group products
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- 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 | One Butter Futures Contract | ||||
| Settle Method | Delivery | ||||
| Point (Tick) Size | 1 point = $.0001 per pound = $4.00 | ||||
| Strike Price Interval | |||||
| Strike | All listed intervals | ||||
| Limits/Price Banding | n/a | ||||
| Minimum Fluctuation |
|
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| Trading Hours | 9:05 a.m.-1:12 p.m. | ||||
| Listed | |||||
| Product Codes | Clearing=DB Ticker=DB | ||||
| Minimum Block Size | |||||
| Product Calendar | Mar, May, Jul, Sep, Oct, Dec and Flex® Options View current product listings |
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- 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 | |
| SEP08 | DBU08 | 09/10/2007 |  |
09/05/2008 | 09/05/2008 |
| OCT08 | DBV08 | 10/08/2007 | |
10/03/2008 | 10/03/2008 |
| DEC08 | DBZ08 | 12/10/2007 | |
12/05/2008 | 12/05/2008 |
| MAR09 | DBH09 | 03/24/2008 | |
03/06/2009 | 03/06/2009 |
| MAY09 | DBK09 | 05/05/2008 | |
05/01/2009 | 05/01/2009 |
| JUL09 | DBN09 | 07/07/2008 | |
07/02/2009 | 07/02/2009 |
| SEP09 | DBU09 | 09/08/2008 | |
09/04/2009 | 09/04/2009 |
| Contract Month | Product Code | First Trade Date | Last Trade Date> | Settlement Date | |
| OCT09 | DBV09 | 10/06/2008 | |
10/02/2009 | 10/02/2009 |
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- 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