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Commodity Products
View a Commodities Product
Butter Futures
 
 
Butter Futures
Contract Size 40,000 lbs. of Butter ( ˜18 metric tons)
Price Quotation Grade AA Butter
Pricing Unit Cents per pound
Tick Size (minimum fluctuation) $0.00025 per pound (= $10.00 per contract)
Daily Price Limits $0.05 per pound above or below the previous day's settlement price,
multiple expansions. No limits in the spot month. See CME Rule: 5102.D
Trading Hours
(All times listed are Central Time)
Open Outcry (Trading Floor) MON-FRI: 9:05 a.m. - 1:10 p.m. (LTD 12:10 p.m.) Central Time
Last Trade Date/Time
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Trading shall terminate on the business day immediately preceding
the last seven business days of the contract month. (LTD 12:10 p.m. Central Time)
Contract Months
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Mar, May, Jul, Sep, Oct and Dec
Settlement Procedure Physical Delivery. See CME Rule 5103
Position Limits Non-Spot: 900 contracts in any contract month
Spot: 150/50 contracts
All months combined: 1,000 contracts net long or short
See CME Rule: 5102.E
Ticker Symbol Open Outcry = DB
Clearing = DB
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Rulebook Chapter 51
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.