Cash-settled Butter (CB) Futures

$315.00
-3.25[-1.03%]
as of 2024-05-24
Q

What is cash-settled butter?

A

Cash-settled butter refers grade AA butter that is cash-settled against the monthly weighted average of the AA butter price released by the National Agricultural Statistics Service.

Q

How much butter is traded in a futures contract?

A

Cash-settled butter futures traditionally involve 20,000 pounds of grade AA butter.

Q

Where is cash-settled butter traded?

A

Cash-settled butter is traded on the Chicago Mercantile Exchange.

RECENT NEWS (DBA,COW)