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Butter Cash-Settled Aug '24 (BDQ24)

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Contract Specifications

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Contract
Butter Cash-Settled
Contract Size
20,000 pounds
Tick Size
0.025 per pound ($5.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. Sun-Thur, 5:00p.m. - 1:55p.m. Fri CST
Exchange
CME
Point Value
$200
Margin/Maintenance
$1,210/1,100
First Notice Date
09/04/24
Expiration Date
09/05/24 (expired)

Seasonal Chart

Butter Cash-Settled Aug '24
Average Price Chart for 5 Prior Aug Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
311.3900 unch
on 09/05/24
316.0000 -1.46%
on 08/09/24
-1.6100 (-0.51%)
since 08/05/24
3-Month
303.2250 +2.69%
on 06/25/24
319.9750 -2.68%
on 07/03/24
-2.8600 (-0.91%)
since 06/05/24
52-Week
242.0000 +28.67%
on 09/06/23
322.9250 -3.57%
on 06/04/24
+71.3900 (+29.75%)
since 09/05/23

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Most Recent Stories

More News
Shootin' the Bull about gulping negative margins

Only $6.47 in the spread between March feeders and August fats to the previous historical spread width of $136.67.

Hogs Mixed on Tuesday

Lean hog futures posted are back to mixed action so far on Tuesday, with front months within 35 cents of unchanged. USDA’s national base hog price was not reported Tuesday morning due to low volume....

HEJ26 : 91.575s (+0.08%)
HEG26 : 85.675s (-0.55%)
HEK26 : 95.625s (+0.05%)
Cattle Posting Tuesday Midday Strength

Live cattle futures are showing 30 to 55 cent gains so far on Tuesday. Cash trade from last week settled in at $232-233 across the country. Feeder cattle futures are up another $1.95 to $2.30 at midday....

LEM26 : 232.075s (+0.28%)
LEJ26 : 237.375s (+0.24%)
LEG26 : 236.625s (+0.32%)
GFH26 : 359.025s (+0.97%)
GFF26 : 362.175s (+0.89%)
GFJ26 : 358.125s (+0.91%)
Cattle Look to Tuesday Trade Following Monday Gains

Live cattle futures closed with mostly higher action, up 82 cents to $1.25, as the exception was February, down 12 cents. Open interest was up 214 contracts. Cash trade from last week settled in at $232-233...

LEM26 : 232.075s (+0.28%)
LEJ26 : 237.375s (+0.24%)
LEG26 : 236.625s (+0.32%)
GFH26 : 359.025s (+0.97%)
GFF26 : 362.175s (+0.89%)
GFJ26 : 358.125s (+0.91%)
Hogs Post Monday Rally Despite Weaker Cutout

Lean hog futures posted gains of $2.05 to $2.50 gains in the front months on Monday. Preliminary open interest was up 5,225 contracts. USDA’s national base hog price was reported at $66.36 on Monday...

HEJ26 : 91.575s (+0.08%)
HEG26 : 85.675s (-0.55%)
HEK26 : 95.625s (+0.05%)
Cattle Close Mostly Higher on Monday

Live cattle futures closed with mostly higher action, up 82 cents to $1.25, as the exception was February, down 12 cents. Cash trade from last week settled in at $232-233 across the country. Feeder cattle...

LEM26 : 232.075s (+0.28%)
LEJ26 : 237.375s (+0.24%)
LEG26 : 236.625s (+0.32%)
GFH26 : 359.025s (+0.97%)
GFF26 : 362.175s (+0.89%)
GFJ26 : 358.125s (+0.91%)
Hogs Rally on Monday

Lean hog futures posted gains of $2.05 to $2.50 gains in the front months on Monday. USDA’s national base hog price was reported at $66.36 on Monday afternoon. The CME Lean Hog Index was back down 41...

HEJ26 : 91.575s (+0.08%)
HEG26 : 85.675s (-0.55%)
HEK26 : 95.625s (+0.05%)
Hogs Rally

A strong start to first full week of the new year

Shootin' the Bull about contraction in processing and expectations for production

With the higher price action of '25, and losses incurred,  rationing has begun to contract processing capacity.  I anticipate the same in production capacity as noted by other analyst's that some states...

Cattle Bulls Are Hitting the Gas in 2026: What to Watch, and Why Grains and Hogs Are Down

Traders will be watching U.S.-China trade relations, a Russia-Ukraine peace deal, and new cases of the new world screwworm, among other catalysts as the new year kicks off.

HEG26 : 85.675s (-0.55%)
KEH26 : 521-4s (+0.14%)
GFH26 : 359.025s (+0.97%)
ZCH26 : 444-0s (-0.11%)
ZSH26 : 1056-2s (-0.54%)
ZWH26 : 510-4s (-0.39%)
ZCH26 : 444-0s (-0.11%)
ZWH26 : 510-4s (-0.39%)
KEH26 : 521-4s (+0.14%)
ZMH26 : 299.5s (-0.13%)
ZSH26 : 1056-2s (-0.54%)
HEG26 : 85.675s (-0.55%)

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 311.3900
2nd Resistance Point 311.3900
1st Resistance Point 311.3900
Last Price 311.3900s
1st Support Level 311.3900
2nd Support Level 311.3900
3rd Support Level 311.3900

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52-Week High 322.9250
Last Price 311.3900s
Fibonacci 61.8% 292.0116
Fibonacci 50% 282.4625
Fibonacci 38.2% 272.9133
52-Week Low 242.0000

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