Butter Market: CME Grade AA Butter

 

2013 Butter Trading 2012 Butter Trading

 

April, March 2014

Date Butter
Closing Price
Carloads Sold Sold on Bids or Offers    Unfilled Bids Unfilled Offers     
April 16 $1.8900 2 2 truckloads @ $1.8900(O) None 1 truckload @ $1.9000
April 15 $1.9000 4 3 truckloads @ $1.9050(O)
1 truckload @ $1.9000(O)
1 truckload @ $1.8950 1 truckload @ $1.9000
April 14 $1.9300 1 1 truckload @ $1.9300(O) None None
Apr 7 - 11 AVG: $1.9700 0      
April 11 $1.9700 0 None None None
April 10 $1.9700 0 None None None
April 9 $1.9700 0 None None None
April 8 $1.9700 0 None None None
April 7 $1.9700 0 None None None
Mar 31 - Apr 4 AVG: $1.9870 13      
April 4 $1.9700 2 2 truckloads @ $1.9700(O) 1 truckload @ $1.9600 1 truckload @ $1.9800
April 3 $1.9700 2 1 truckload @ $1.9800(B)
1 truckload @ $1.9700B)
2 truckloads @ $1.9500 2 truckloads @ $2.0000
April 2 $1.9850 6 3 truckloads @ $1.9950(O)
1 truckload @ $1.9925(O)
1 truckload @ $1.9900(B)
1 truckload @ $1.9850B)
None 1 truckload @ $1.9875
April 1 $2.0100 2 1 truckload @ $2.0100(O)
1 truckload @ $2.0000(O)
None 1 truckload @ $2.0200
March 31 $2.0000 1 1 truckload @ $2.0000(O) None 1 truckload @ $2.0100
March 24 - 28 AVG: $1.9700 5      
March 28 $2.0000 1 1 truckload @ $2.0000(O) 2 truckloads @ $1.9975 1 truckload @ $2.0500
March 27 $1.9850 0 None 2 truckloads @ $1.9850 1 truckload @ $2.0000
March 26 $1.9700 1 1 truckloads @ $1.9600(O) 2 truckloads @ $1.9700 1 truckload @ $1.9900
March 25 $1.9500 1 1 truckloads @ $1.9500(O) 1 truckload @ $1.9300 None
March 24 $1.9450 2 2 truckloads @ $1.9450(B) None 1 truckload @ $1.9500
March 17-21 AVG: $1.9070 2      
March 21 $1.9200 0 None 1 truckload @ $1.9200 2 truckloads @ $1.9500
March 20 $1.9100 0 None 2 truckloads @ $1.9100 1 truckload @ $1.9200
March 19 $1.9050 1 1 truckload @ $1.9000(B) 1 truckload @ $1.9050 None
March 18 $1.9000 0 1 truckload @ $1.9000(B) 2 truckloads @ $1.8900 None
March 17 $1.9000 1 1 truckload @ $1.9000(B) None None
March 10-14 AVG: $1.8840 8      
March 14 $1.8800 2 2 truckloads @ $1.8750(O) 1 truckload @ $1.8800 3 truckloads @ $1.8850
March 13 $1.8850 0 None None 2 truckloads @ $1.9000
March 12 $1.8850 0 None 2 truckloads @ $1.8750 1 truckload @ $1.9000
March 11 $1.8850 0 None None 1 truckload @ $1.9000
March 10 $1.8850 6 1 truckload @ $1.8850(B)
1 truckload @ $1.8800(O)
4 truckloads @ $1.8700(B)
None None
March 3 - 7 AVG: $1.8800 15      
March 7 $1.8800 4 3 truckloads @ $1.8800(O)
1 truckload @ $1.8775(O)
None 1 truckload @ $1.8800
March 6 $1.8800 1 1 truckload @ $1.8800(O) None 1 truckload @ $1.9000
March 5 $1.8800 10 10 truckloads @ $1.8800(O) None 1 truckload @ $1.9000
March 4 $1.8800 0 None None None
March 3 $1.8800 0 None None None

 

February 2014

Date Butter
Closing Price
Carloads Sold Sold on Bids or Offers    Unfilled Bids Unfilled Offers     
Feb24 - 28 AVG: $1.8070 36      
February 28 $1.8800 19 2 truckloads @ $1.8800(B)
1 truckload @ $1.8800(O)
1 truckload @ $1.8600(O)
1 truckload @ $1.8500(O)
2 truckloads @ $1.8400(O)
3 truckloads @ $1.8300(O)
1 truckload @ $1.8250(O)
2 truckloads @ $1.8200(O)
2 truckloads @ $1.8100(O)
2 truckloads @ $1.8000(O)
2 truckloads @ $1.7800(B)
2 truckloads @ $1.8800 1 truckload @ $1.9000
February 27 $1.7800 0 None 1 truckload @ $1.7800 None
February 26 $1.7800 10 3 truckloads @ $1.7850(B)
1 truckload @ $1.7800(B)
3 truckloads @ $1.7700(B)
3 truckloads @ $1.7700(O)
None None
February 25 $1.7950 3 1 truckload @ $1.8100(O)
1 truckload @ $1.8000(O)
1 truckload @ $1.7975(O)
None 1 truckload @ $1.7950
February 24 $1.8000 4 2 truckloads @ $1.8000(B)
2 truckloads @ $1.8000(O)
None 2 truckloads @ $1.8100
Feb 17 - 21 AVG: $1.77625 17      
February 21 $1.7850 3 1 truckload @ $1.7850(O)
1 truckload @ $1.7825(O)
1 truckload @ $1.7800(O)
None 1 truckload @ $1.7875
February 20 $1.7800 14 2 truckloads @ $1.7800(O)
1 truckload @ $1.7725(B)
11 truckloads @ $1.7700(B)
None 2 truckloads @ $1.7900
February 19 $1.7700 0 None None 1 truckload @ $1.7900
February 18 $1.7700 0 None 3 truckloads @ $1.7700 None
February 17     No Trading    
Feb 10 - 14 AVG: $1.7640 9      
February 14 $1.7700 0 None 2 truckloads @ $1.7700 1 truckload @ $1.7900
February 13 $1.7700 0 None 2 truckloads @ $1.7000 None
February 12 $1.7500 1 1 truckload @ $1.7500(B) 3 truckloads @ $1.7500 1 truckload @ $1.7700
February 11 $1.7650 0 None None 2 truckloads @ $1.7700
February 10 $1.7650 8 2 truckloads @ $1.8000(B)
1 truckload @ $1.7900(B) 1truckload @ $1.7875 (B)
1 truckload @ $1.7800 (B)
3 truckloads @ $1.7650 (O)
1 truckload @ $1.7500 None
Feb 3 - 7 AVG: $1.8660 28      
February 7 $1.8200 2 1 truckloads @ $1.8300(O)
1 truckloads @ $1.8200(O)
None 1 truckload @ $1.8200
February 6 $1.8500 4 2 truckloads @ $1.8500(O)
2 truckloads @ $1.8400(O)
None 1 truckload @ $1.8500
February 5 $1.8800 11 2 truckloads @ $1.8800(O)
1 truckload @ $1.8700(B)
1 truckload @ $1.8700(O)
1 truckload @ $1.8600(B)
2 truckloads @ $1.8500(B)
4 truckloads @ $1.8500(O)
2 truckloads @ $1.8500 2 truckloads @ $1.8900
February 4 $1.8900 0 None None 2 truckloads @ $1.9000
February 3 $1.8900 11 2 truckloads @ $1.8900(O)
1 truckload @ $1.8850(B)
1 truckload @ $1.8825(B)
7 truckloads @ $1.8800(O)
None 1 truckload @ $1.8900

 

January 2014

Date Butter
Closing Price
Carloads Sold Sold on Bids or Offers    Unfilled Bids Unfilled Offers     
Jan 27 - 31 AVG: $1.8935 10      
January 31 $1.8800 5 1 truckload @ $1.8800(B)
1 truckload @ $1.8750(O)
3 truckloads @ $1.8650(O)
1 truckload @ $1.8750 None
January 30 $1.8925 0 None 1 truckload @ $1.8800 1 truckload @ $1.8925
January 29 $1.8950 4 1 truckload @ $1.9000(O)
1 truckload @ $1.8975(O)
1 truckload @ $1.8950(B)
1 truckload @ $1.8900(O)
1 truckload @ $1.8600 1 truckload @ $1.8950
January 28 $1.9000 0 None None 1 truckload @ $1.9100
January 27 $1.9000 1 1 truckload @ $1.9000(B) None 1 truckload @ $1.9000
Jan 20 - 24 AVG: $1.9000 24      
January 24 $1.8900 2 1 truckload @ $1.8900(B)
1 truckload @ $1.8800(B)
1 truckload @ $1.8900 None
January 23 $1.9000 4 2 truckloads @ $1.9300(B)
1 truckload @ $1.9000(B)
1 truckload @ $1.9000(O)
None 2 truckloads @ $1.9500
January 22 $1.9400 18 5 truckloads @ $1.9500(O)
2 truckloads @ $1.9400(B)
3 truckloads @ $1.9400(O)
1 truckload @ $1.9375(B)
1 truckload @ $1.9375(O)
2 truckloads @ $1.9350(B)
2 truckloads @ $1.9300(B)
1 truckload @ $1.9300(O)
1 truckload @ $1.9200(O)
5 truckloads @ $1.9300 2 truckloads @ $1.9400
January 21 $1.8700 0 None 2 truckloads @ $1.8700 None
January 20     No Trading    
Jan 13 - 17 AVG: $1.7740 3      
January 17 $1.8525 2 2 truckloads @ $1.8500(B) 1 truckload @ $1.8525 None
January 16 $1.8075 1 1 truckload @ $1.8000(B) 1 truckload @ $1.8075 None
January 15 $1.7700 0 None 1 truckload @ $1.7700 None
January 14 $1.7400 0 None 1 truckload @ $1.7400 None
January 13 $1.7000 0 None 1 truckload @ $1.7000 None
Jan 6 -10 AVG: $1.6480 7      
January 10 $1.6750 2 1 truckload @ $1.6800(O)
1 truckload @ $1.6700(B)

1 truckload @ $1.6750 None
January 9 $1.6750 0 None 2 truckloads @ $1.6750 None
January 8 $1.6500 1 1 truckload @ $1.6425(B) 2 truckloads @ $1.6500 None
January 7 $1.6200 0 None 1 truckload @ $1.6200 None
January 6 $1.6200 4 1 truckload @ $1.6125(B)
1 truckload @ $1.6025(B)
2 truckloads @ $1.6000(B)
2 truckloads @ $1.6200 None
Dec 30 - Jan 3 AVG: $1.54125 11      
January 3 $1.5700 0 None 2 truckloads @ $1.5700 None
January 2 $1.5400 0 None 5 truckloads @ $1.5400 None
January 1 NO TRADING    

 

 

(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