CME Nonfat Dry Milk Trading Details

December 2017

2017 CME Nonfat Dry Milk Trading Details

Date Closing Price Volume Trading Unfilled Bids Uncovered Offers
Dec 11 - 15 $0.6710 A 11      
December 15 0.6575 0 None

1 truckload @ $0.6525
2 truckloads @ $0.6500
1 truckload @ $0.6400

1 truckload @$0.6900
1 truckload @ $0.6850
1 truckload @ $0.6650
1 truckload @ $0.6600
1 truckload @ $0.6575

December 14 0.6650 1
1 truckload @ $0.6650 (O)

2 truckload @ $0.6600
1 truckload @ $0.6575
1 truckload @ $0.6550
1 truckload @ $0.6500
1 truckload @ $0.6400

2 truckloads @ $0.7200
1 truckload @ $0.7100
1 truckload @ $0.7025
1 truckload @ $0.6750

December 13 0.6700 9 2 truckloads @ $0.6700 (B)
1 truckload @ $0.6700 (O)
2 truckloads @ $0.6675 (B)
1 truckload @ $0.6675 (O)
3 truckloads @ $0.6650 (B)

1 truckload @ $0.6700
1 truckload @ $0.6675
1 truckload @ $0.6400
1 truckload @ $0.6200

2 truckloads @ $0.7175
1 truckload @ $0.7100
1 truckload @ $0.7000
1 truckload @ $0.6750

December 12 0.6800 0 None

2 truckloads @ $0.6750
1 truckload @ $0.6725
1 truckload @ $0.6600

2 truckloads @ $0.7300
1 truckload @ $0.7200
1 truckload @ $0.7100
1 truckload @ $0.6900
1 truckload @ $0.6800

December 11 0.6825 1 1 truckload @ $0.6800 (O)

1 truckload @ $0.6825
2 truckloads @ $0.6725

None

Dec 4 - 8 $0.7030 A 3      
December 8 0.6825 2 1 truckload @ $0.6900 (B)
1 truckload @ $0.6825 (O)

1 truckload @ $0.6800
1 truckload @ $0.6700

3 truckloads @$0.7200
1 truckload @ $0.6975
1 truckload @ $0.6925

December 7 0.6975 0 None

1 truckload @ $0.6925
1 truckload @ $0.6900

2 truckloads @ $0.7300
1 truckload @ $0.7150
1 truckload @ $0.7050
1 truckload @ $0.6975

December 6 0.7125 0 None

1 truckload @ $0.6950
1 truckload @ $0.6900
1 trucklaod @ $0.6850
2 truckloads @ $0.6700

1 truckload @ $0.7200

December 5 0.7125 1 1 truckload @ $0.7125 (B)

1 truckload @ $0.6950
1 trucklaod @ $0.6900
1 truckload @ $0.6875

1 truckload @ $0.7200

December 4 0.7100 0 None

1 truckload @ $0.6950
1 truckload @ $0.6925
1 trucklaod @ $0.6900
1 truckload @ $0.6875

1 truckload @ $0.7150
1 truckload @ $0.7100

Nov.27 - Dec 1 $0.7180 A 15      
December 1 0.7200 3 3 truckloads @ $0.7200

1 truckload @ $0.7150
1 truckload @ $0.7050
1 truckload @ $0.7000
1 trucklaod @ $0.6900
2 truckloads @ $0.6800

1 truckload @$0.7300
5 truckloads @ $0.7250

November 30 0.7150 0 None

1 truckload @ $0.7150
1 truckload @ $0.7100
2 truckloads @ $0.7000

1 truckload @$0.7300
1 truckload @ $0.7250

November 29 0.7050 4 4 truckloads @ $0.7050 (O)

1 truckload @ $0.7050
1 truckload @ $0.7025
1 truckload @ $0.6875
1 truckload @ $0.6800

1 truckload @$0.7400
5 truckloads @ $0.7250
1 truckload @ $0.7175

November 28 0.7300 6 4 truckloads @ $0.7300 (O)
1 truckload @ $0.7275 (B)
1 truckload @ $0.7275(O)

1 truckload @ $0.7250
1 truckload @ $0.6800
1 truckload @ $0.6700

5 truckloads @ $0.7350
1 truckload @ $0.7325

November 27 0.7200 2 1 truckload @ $0.7225 (B)
1 truckload @ $0.7200 (O)

1 truckload @ $0.7025

5 truckloads @ $0.7300

 

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

Definitions:

1 truckload = A truckload of nonfat dry milk may weight 44,000 pounds
The ad price is quoted in cents per pound

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