Cheese Market: CME Cheese Block and Barrel Trading Details

March

2015 Block Trading 2014 Block Trading2013 Block TradingSee 2012 Block Trading2011 Block Trading

 

Blocks

Date Closing Price Volume Trading Unfilled Bids Uncovered Offers
March 4 $1.5500 1 1 truckload @ $1.5500(B) 2 truckloads @ $1.5450 None
March 3 $1.5450 0 None 1 truckload @ $1.5450 None
March 2 $1.5450 1 1 truckload @ $1.5450(B) 1 truckload @ $1.5450 1 truckload @ $1.5500
Feb. 23 - 27 AVG: $1.5450 7
February 27 $1.5450 0 None 1 truckload @ $1.5450 None
February 26 $1.5450 0 None 1 truckload @ $1.5450 None
February 25 $1.5450 1 1 truckload @ $1.5450(B) None None
February 24 $1.5450 6 1 truckload @ $1.5475(B)
4 truckloads @ $1.5450(B)
1 truckload @ $1.5450(O)
1 truckload @ $1.5450 None
February 23 $1.5450 0 None 1 truckload @ $1.5450 None
Feb. 16 - 20 AVG: $1.54125 3
February 20 $1.5450 1 1 truckload @ $1.5450(B) 1 truckload @ $1.5400 None
February 19 $1.5400 1 1 truckload @ $1.5400(B) 2 truckloads @ $1.5400 None
February 18 $1.5400 0 None None None
February 17 $1.5400 1 1 truckload @ $1.5400(B) 1 truckload @ $1.5300 None
February 16 No Trading 0 None None None
Feb. 9- 13 AVG: $1.5320 0
February 13 $1.5300 0 None 2 truckloads @ $1.5300 None
February 12 $1.5300 0 None 1 truckload @ $1.5100 None
February 11 $1.5300 0 None None 1 truckload @ $1.5300
February 10 $1.5350 0 None None None
February 9 $1.5350 0 None None None
Feb. 2 - 6 AVG: $1.5350 0
February 6 $1.5350 0 None None None
February 5 $1.5350 0 None None None
February 4 $1.5350 0 None None None
February 3 $1.5350 0 None None None
February 2 $1.5350 0 None 1 truckload @ $1.5350 None

 

Barrels


2015 Barrel Trading 2014 Barrel Trading2013 Barrel Trading2012 Barrel Trading2011 Barrel Trading

 

Date Closing Price Volume Trading Unfilled Bids Uncovered Offers
March 4 $1.4925 0 None 2 truckloads @ $1.4925 None
March 3 $1.4925 0 None None None
March 2 $1.4925 0 None 1 truckload @ $1.4925 1 truckload @ $1.5000
Feb. 23 - 27 AVG: $1.4855 10
February 27 $1.4925 7 6 truckloads @ $1.4850B)
1 truckload @ $1.4850(O)
1 truckload @ $1.4925 None
February 26 $1.4850 0 None 2 truckloads @ $1.4850 None
February 25 $1.4825 0 None None None
February 24 $1.4825 3 2 truckloads @ $1.4850(B)
1 truckload @ $1.4825(O)
2 truckloads @ $1.4750 None
February 23 $1.4850 0 None None 1 truckload @ $1.4950
Feb. 16 - 20 AVG: $1.4850 3
February 20 $1.4850 0 None 1 truckload @ $1.4850 None
February 19 $1.4850 1 1 truckload @ $1.4850(B) 2 truckloads @ $1.4850 None
February 18 $1.4850 0 None 3 truckloads @ $1.4850 1 truckload @ $1.4950
February 17 $1.4850 2 2 truckloads @ $1.4850(B) 1 truckload @ $1.4850 None
February 16 No Trading 0 None None None
Feb. 9 - 13 AVG: $1.4815 2
February 13 $1.4850 0

None

2 truckloads @ $1.4850

None

February 12 $1.4800 0

None

1 truckload @ $1.4800

None

February 11 $1.4800 1

1 truckload @ $1.4800(B)

None

None

February 10 $1.4800 1

1 truckload @ $1.4800(B)

None

1 truckload @ $1.4925

February 9 $1.4825 0

None

None

None

Feb. 2 - 6 AVG: $1.4875 10
February 6 $1.4825 1

1 truckload @ $1.4825(O)

None

None

February 5 $1.4850 3

3 truckloads @ $1.4850(B)

None

None

February 4 $1.4850 1

1 truckload @ $1.4850(O)

None

1 truckload @ $1.4975

February 3 $1.4875 3

1 truckload @ $1.4925(O)
1 truckload @ $1.4900(O)
1 truckload @ $1.4875(O)

1 truckload @ $1.4875

1 truckload @ $1.5000

 

February 2 $1.4975 2 1 truckload @ $1.5000(O)
1 truckload @ $1.4975(O)
1 truckload @ $1.5050 1 truckload @ $1.5050

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

Definitions:

1 Carload = A carload of cheese may vary in weight between 40,000 and 44,000 pounds
of 40-pound Cheddar Block or 500-pound Cheddar Barrel

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

Unless specified in a bid or offer, on the date of sale cheese must be not less than four days or more than one month (30 calendar days) of age.

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

To review 2008 and 2009, visit Cheese Price Archives