Spot Butter
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 | |
| TICKER SYMBOLS | |
| RULEBOOK CHAPTER | |
| EXCHANGE RULE |
These contracts are listed with, and subject to, the rules and regulations of CME. |
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Settlement information for Dairy Spot products can be found in the on the page below.
