QUOTE AND NEWS
Financial Times  Oct 10  Comment 
Cost of making a bar of milk chocolate rises 31% because cocoa butter price jumped almost 70% in the year to August while milk powder rose 50%
The Straits Times  Sep 12  Comment 
September 13, 2013 5:01 PM SINGAPORE/NEW YORK (Reuters) - Chocoholics may have to dig deeper to pay for their favorite treat this festive season as sweet makers face sky-high prices for cocoa butter, the special ingredient that gives chocolate...
TheStreet.com  Nov 2  Comment 
NEW YORK (TheStreet) -- Peanut butter lovers will soon face the brunt of soaring prices as scorching heat and a drought in southern U.S. have ravaged the crop, resulting in zero yield in key producing states this year. On average, Americans spend...
CNNMoney.com  Oct 31  Comment 
Trick-or-treaters might want to hold on to those Reese's Cups this Halloween as sharp increases in peanut butter prices have begun going into effect following one of the worst peanut harvests in decades.
The Globe and Mail  Oct 12  Comment 
Hot, dry U.S. summer expected to yield smallest harvest recorded since 2006
MarketWatch  Oct 10  Comment 
MW Radio: Peanut-butter prices jump 40%
USDA NASS  Jun 17  Comment 
Butter prices received for 25 kilogram and 68 pound boxes meeting USDA Grade AA standards averaged $2.15 per pound for the week ending June 11, 2011....
USDA NASS  Jun 10  Comment 
Butter prices received for 25 kilogram and 68 pound boxes meeting USDA Grade AA standards averaged $2.12 per pound for the week ending June 4, 2011....




 

Butter futures are traded on the Chicago Mercantile Exchange under ticker symbol DB in cents per pound. Unlike many other commodities on the Chicago Mercantile Exchange, butter futures contracts are not traded electronically.[1]

The chart at the left shows front-month butter futures prices traded on the Chicago Mercantile Exchange under ticker symbol DB in U.S. cents per pound.


Delivery Dates

Butter futures are delivered every year in March, May, July, September, October, & December.[1]

The following is a table with buttuer futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
March, 2009DBH9DB/H9-CM
May, 2009DBK9DB/K9-CM
July, 2009DBN9DB/N9-CM
September, 2009DBU9DB/U9-CM
October, 2009DBV9DB/V9-CM
DecemberDBZ9DB/Z9-CM

Contract Specifications

Contract Size

One Butter futures contract on the Chicago Mercantile Exchange is 40,000 pounds.[1]

Daily Price Limit

$0.05 per pound above or below the previous day's settlement price, multiple expansions. No limits in the spot month.[1]

Trading Hours

Butters futures contracts are traded on the Chicago Mercantile Exchange (CME) in open outcry (pit sessions) Monday through Friday, 9:05 am to 1:10 pm, US Central time.[1]

Last Trading Day

Trading of Butter futures contracts on the Chicago Mercantile Exchange ends on the business day immediately preceding the last seven business days of the contract month. On the last trading day, trading ends at 12:10 p.m. Central Time.[1]

Deliverable Grades

Deliverable Butter grades for futures contracts on the Chicago Mercantile Exchange are: Grade AA Butter.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 The Chicago Mercantile Exchange's contract specification for Butter futures
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