Butter Market: CME Grade AA Butter

 

Jan - March 2015 Butter Trading 2014 Butter Trading 2013 Butter Trading 2012 Butter Trading

 

July 2015

Date Butter
Closing Price
Carloads Sold Sold on Bids or Offers    Unfilled Bids Unfilled Offers     
July 27 - 31 AVG: $1.9345 13      
July 31 $1.9900 7

1 truckload @ $2.0100(O)
1 truckload @ $2.0025(B)
1 truckload @ $2.0000(O)
1 truckload @ $1.9925(B)
1 truckload @ $1.9850(B)
1 truckload @ $1.9900(B)
1 truckload @ $1.9500(B)

None None
July 30 $1.9500 4

3 truckloads @ $1.9500(B)
1 truckload @ $1.9400(B)

1 truckload @ $1.9500 None
July 29 $1.9075 0

None

2 truckloads @ $1.9075 1 truckload @ $1.9200
July 28 $1.9025 1

1 truckload @ $1.9000(O)

1 truckload @ $1.9025 None
July 27 $1.9225 1

1 truckload @ $1.9225(O)

None None
July 20 - 24 AVG: $1.8835 12      
July 24 $1.9550 3

1 truckload @ $1.9550(B)
1 truckload @ $1.9525(B)
1 truckload @ $1.9500(O)

2 truckloads @ $1.9500 1 truckload @ $1.9850
July 23 $1.9225 0

None

1 truckload @ $1.9225 None
July 22 $1.8750 0

None

1 truckload @ $1.8750 None
July 21 $1.8325 0

None

1 truckload @ $1.8225 None
July 20 $1.8325 9

1 truckload @ $1.8325(B)
4 truckloads @ $1.8300(B)
1 truckload @ $1.8225(O)
1 truckload @ $1.8200(B)
2 truckloads @ $1.8100(O)

None None
July 13 - 17 AVG: $1.8685 11      
July 17 $1.8400 0

None

None None
July 16 $1.8400 0

None

None 1 truckload @ $1.8400
July 15 $1.8525 3

1 truckload @ $1.8525(O)
2 truckloads @ $1.8500(O)

1 truckload @ $1.8500 1 truckload @ $1.8600
July 14 $1.9000 1

1 truckload @ $1.9000(B)

2 truckloads @ $1.8900 None
July 13 $1.9100 7

1 truckload @ $1.9100(O)
1 truckload @ $1.9000(B)
1 truckload @ $1.8950(B)
1 truckload @ $1.8900(B)
3 truckloads @ $1.8700(O)

None None
July 6 - 10 AVG: $1.9240 2      
July 10 $1.9200 0

None

1 truckload @ $1.9000 None
July 9 $1.9200 0

None

1 truckload @ $1.9000 None
July 8 $1.9200 1

1 truckload @ $1.9200(O)

None 1 truckload @ $1.9350
July 7 $1.9250 0

None

None None
July 6 $1.9350 1

1 truckload @ $1.9350(O)

1 truckload @ $1.9300 1 truckload @ $1.9500
Jun 29 - Jul 3 AVG: $1.92813 8      
July 3    

Market Closed

   
July 2 $1.9400 0

None

1 truckload @ $1.9400 1 truckload @ $1.9550
July 1 $1.9300 3

1 truckload @ $1.9350(B)
1 truckload @ $1.9300(B)
1 truckload @ $1.9275(B)

1 truckload @ $1.9200 1 truckload @ $1.9450

 

(O) = Offer based sale (B) = Bid based sale

Definitions:

1 truckload = A carload of butter may vary in weight between 40,000 and 43,000 pounds
of Grade AA Butter

Sale: A sale represents the price at which both buyer and seller agree.
In other words, a sale represents either a buyer agreeing to the price
of an offer or (an offer-based sale), or a seller agreeing to the price of a bidder (a bid-based sale).

Unfilled bid: Is the unsuccessful attempt by a butter buyer to purchase butter at the price they specified.
Uncovered offer: Is the unsuccessful attempt by a butter seller to sell butter at the price they specified.

CME only reports the last unfilled bid and the last uncovered offer during a trading session.

The Closing Price, or Settling Price, is determined by the last sale, unless there is an unfilled bid at a higher price or an uncovered offer at a lower price.

 

Cheese Reporter does not guarantee the accuracy of these data and does not assume liability for errors or omissions