Butter Market: CME Grade AA Butter

 

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

 

May 2015

Date Butter
Closing Price
Carloads Sold Sold on Bids or Offers    Unfilled Bids Unfilled Offers     
May 25 - 29 AVG: 1.91188 17      
May 29 $2.0050 2 1 truckload @ $1.9800(B)
1 truckload @ $1.9700(B)
10 truckloads @ $2.0050 1 truckload @ $2.0400
May 28 $1.9025 0 None 1 truckload @ $1.9025 None
May 27 $1.8700 0 None 1 truckload @ $1.8700 2 truckloads @ $1.9000
May 26 $1.8700 15

2 truckloads @ $1.8700(B)
2 truckloads @ $1.8700(O)
1 truckload @ $1.8675(B)
2 truckloads @ $1.8650(O)
1 truckload @ $1.8625(O)
1 truckload @ $1.8600(B)
1 truckload @ $1.8600(O)
1 truckload @ $1.8575(B)
1 truckload @ $1.8575(O)

1 truckload @ $1.8550(B)
1 truckload @ $1.8550(O)
1 truckload @ $1.8525(O)

None None
May 25 No Trading None None None None
May 18 - 22 AVG: 1.9170 13      
May 22 $1.8900 8 3 truckloads @ $1.9200(B)
2 truckloads @ $1.9175(O)
1 truckload @ $1.9150(O)
1 truckload @ $1.8900(B)
1 truckload @ $1.8900(O)
None None
May 21 $1.9300 0 None 2 truckloads @ $1.9300 None
May 20 $1.9300 1 1 trucklaod @ $1.9175(B)
1 truckload @ $1.9300 None
May 19 $1.9050 4 1 trucklaod @ $1.9025(B)
1 truckload @ $1.9000(B)
2 truckloads @ $1.9000(O)
None 1 truckload @ $1.9050
May 18 $1.9300 0 None None 1 truckload @ $1.9300
May 11 - 15 AVG: 2.0160 7      
May 15 $1.9725 0 None None 1 truckload @ $1.9725
May 14 $2.0075 3 1 truckload @ $2.0275(O)
1 truckload @ $2.0250(O)
1 truckload @ $2.0100(O)
None 1 truckload @ $2.0075
May 13 $2.0600 0 None 1 truckload @ $2.0600 2 truckloads @ $2.0700
May 12 $2.0300 2 1 truckload @ $2.0275(B)
1 truckload @ $2.0225(B)
2 truckloads @ $2.0300 1 truckload @ $2.0500
May 11 $2.0100 2 1 truckload @ $2.0100(O)
1 truckload @ $2.0050(B)
None 1 truckload @ $2.0500
May 4 - 8 AVG: 1.8910 10      
May 8 $1.9850 2 1 truckload @ $1.9550(B)
1 truckload @ $1.9200(B)
1 truckload @ $1.9850 None
May 7 $1.9100 3 1 truckload @ $1.9100(B)
1 truckload @ $1.9025(B)
1 truckload @ $1.9000(B)
1 truckload @ $1.9025 None
May 6 $1.8900 2 1 truckload @ $1.8900(B)
1 truckload @ $1.8750(B)
1 truckload @ $1.8850 1 truckload @ $1.9300
May 5 $1.8400 0 None 1 truckload @ $1.8400 None
May 4 $1.8300 3 2 truckloads @ $1.8400(B)
1 truckload @ $1.8300(B)
1 truckload @ $1.8300 1 truckload @ $1.8750
Apr 27 - May 1 AVG: 1.8520 3      
May 1 $1.8500 0 None 1 truckload @ $1.8400 None

 

 

 

(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