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Spot Butter Contract Specs

Contract Size 40,000 - 43,000 lbs. of Butter ( ˜18 - 19.5 metric tons)
Product Description Grade AA Butter
Pricing Unit Cents per pound
Tick Size (minimum fluctuation) $0.0025 per pound (= $100.00 - $107.50 per contract)
Trading Hours
(All times listed are Central Time)
CME Direct Auction Platform MON–FRI: 11:15 a.m. – 11:25 a.m.
Settlement Procedure Dairy Spot Call Settlement Procedure
Ticker Symbols View Product Codes
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Rulebook Chapter 12
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.