Clusterstock  Jul 6  Comment 
LONDON — The UK's largest milk buyer has warned that the price of butter could soar over the second half of the year and predicted a Christmas cream shortage. Peder Tuborgh, CEO of dairy giant Arla Foods, told the BBC that butter prices would...
Mondo Visione  Apr 5  Comment 
In March 2017, the volume traded in EEX Butter Futures reached a new record. During the month a volume of 6,759 tonnes of goods equivalent were traded (equals 1,359 contracts). Thus the volume more than doubled year-on-year (March 2016: 3,020...
Financial Times  Nov 16  Comment 
Toblerone tweak shows how manufacturers are responding to jump in cocoa butter price
Agrimoney.com  Nov 2  Comment 
Barry Callebaut reports rising margins for cocoa processing, as cocoa butter prices rise, despite a "challenging market"
Agrimoney.com  Jul 19  Comment 
Falling butter prices in New Zealand could take the wind out of the sails of the European market
Mondo Visione  Apr 11  Comment 
The EEX dairy risk management suite saw an outstanding start into Q2/16. In the first week of April, a new weekly record was set with 729 contracts traded in dairy futures which equals 3,645 tonnes of goods equivalent. Thereof, 549 contracts...
Mondo Visione  Mar 10  Comment 
On 9 March 2016, EEX recorded a new daily record volume in butter futures. On that day, a volume of 300 contracts was traded, which is equal to 1,500 tonnes. The last high was achieved on 3 February 2016 with 169 contracts traded (equals 845...
Mondo Visione  Nov 27  Comment 
NZX is pleased to announce it will launch a Global Butter Futures Contract on Friday 12 December. This follows successful testing of the service and receipt of regulatory approval from the Financial Markets Authority. Butter futures are a...
Reuters  Nov 6  Comment 
(Adds reasons for higher profit, share buyback and market activity)


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

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]


  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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