Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
Cash-Settled Butter
Cash-Settled Butter futures provide a way to:
- Engage in price discovery for butter utilizing a cash-settled 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
- Manage price risk across a series of contracts in a single transaction using packs functionality
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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 | 20,000 times the USDA monthly weighted average price per pound in the US for Grade AA Butter | ||
| Settle Method | Cash Settled | ||
| Point Size | 1 point=.00025 per pound =$5.00 | ||
| Strike Price Interval | |||
| Strike | n/a | ||
| Limits/Price Banding | $.05 per pound expanded to $.10 per pound after one day limit move. No limits during last 5 days of the expiring contract month. | ||
| Tick Size (Minimum Fluctuation) |
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| Trading Hours | Mon-Thurs 9:05 a.m.-4:00 p.m. Shutdown period from 4:00 p.m.-5:00 p.m. ReOpen 5:00 p.m.-4:00 p.m. Friday, Close at 1:30 p.m. | ||
| Listed | |||
| Product Codes | Clearing=CB Ticker=CB Globex=CB | ||
| Minimum Block Size | |||
| Product Calendar | Twenty-four(24) consecutive calendar months. 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 | |
| AUG08 | CBQ08 | 06/18/2007 |  |
09/04/2008 | 09/05/2008 |
| SEP08 | CBU08 | 06/18/2007 | |
10/02/2008 | 10/03/2008 |
| OCT08 | CBV08 | 06/18/2007 | |
10/30/2008 | 10/31/2008 |
| NOV08 | CBX08 | 06/18/2007 | |
12/04/2008 | 12/05/2008 |
| DEC08 | CBZ08 | 06/18/2007 | |
12/31/2008 | 01/02/2009 |
| JAN09 | CBF09 | 06/18/2007 | |
01/29/2009 | 01/30/2009 |
| FEB09 | CBG09 | 06/18/2007 | |
02/26/2009 | 02/27/2009 |
| MAR09 | CBH09 | 06/18/2007 | |
04/02/2009 | 04/03/2009 |
| APR09 | CBJ09 | 06/18/2007 | |
04/30/2009 | 05/01/2009 |
| MAY09 | CBK09 | 06/18/2007 | |
06/04/2009 | 06/05/2009 |
| JUN09 | CBM09 | 06/29/2007 | |
07/02/2009 | 07/06/2009 |
| JUL09 | CBN09 | 08/03/2007 | |
07/30/2009 | 07/31/2009 |
| AUG09 | CBQ09 | 08/31/2007 | |
09/03/2009 | 09/04/2009 |
| SEP09 | CBU09 | 10/05/2007 | |
10/01/2009 | 10/02/2009 |
| OCT09 | CBV09 | 11/02/2007 | |
10/29/2009 | 10/30/2009 |
| NOV09 | CBX09 | 11/30/2007 | |
12/03/2009 | 12/04/2009 |
| DEC09 | CBZ09 | 01/04/2008 | |
12/31/2009 | 01/04/2010 |
| JAN10 | CBF10 | 02/01/2008 | |
02/04/2010 | 02/05/2010 |
| FEB10 | CBG10 | 02/29/2008 | |
03/04/2010 | 03/05/2010 |
| MAR10 | CBH10 | 04/04/2008 | |
04/01/2010 | 04/05/2010 |
| APR10 | CBJ10 | 05/02/2008 | |
04/29/2010 | 04/30/2010 |
| MAY10 | CBK10 | 05/30/2008 | |
06/03/2010 | 06/04/2010 |
| JUN10 | CBM10 | 07/03/2008 | |
07/01/2010 | 07/02/2010 |
| JUL10 | CBN10 | 08/01/2008 | |
07/29/2010 | 07/30/2010 |
| Contract Month | Product Code | First Trade Date | Last Trade Date> | Settlement Date | |
| AUG10 | CBQ10 | 09/05/2008 | |
09/02/2010 | 09/03/2010 |
| SEP10 | CBU10 | 10/03/2008 | |
09/30/2010 | 10/01/2010 |
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 Related |
- 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