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|This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.|
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.
Butter futures are delivered every year in March, May, July, September, October, & December.
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|
One Butter futures contract on the Chicago Mercantile Exchange is 40,000 pounds.
$0.05 per pound above or below the previous day's settlement price, multiple expansions. No limits in the spot month.
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.
Deliverable Butter grades for futures contracts on the Chicago Mercantile Exchange are: Grade AA Butter.