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Butter Cash-Settled Aug '26 (BDQ26)

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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
09/01/26 (234 days)
Expiration Date
09/01/26 (234 days)

Seasonal Chart

Butter Cash-Settled Aug '26
Average Price Chart for 5 Prior Aug Contracts
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Price Performance

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Period Period Low Period High Performance
1-Month
183.5000 +1.36%
on 01/08/26
194.0000 -4.12%
on 12/17/25
-2.9500 (-1.56%)
since 12/09/25
3-Month
183.5000 +1.36%
on 01/08/26
231.0250 -19.49%
on 10/15/25
-44.0250 (-19.14%)
since 10/09/25
52-Week
183.5000 +1.36%
on 01/08/26
269.0000 -30.86%
on 07/17/25
-23.0000 (-11.00%)
since 01/09/25

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Most Recent Stories

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Cattle Fall Lower on Friday

Live cattle futures slipped lower on Friday, with contracts down $1 to $1.55. February was down $2.27 this week. Cash trade was picked up at $232-233 across the country this week. The Friday morning Fed...

LEM26 : 229.750s (-0.66%)
LEJ26 : 234.675s (-0.66%)
LEG26 : 233.725s (-0.66%)
GFH26 : 354.700s (-0.85%)
GFF26 : 360.725s (-0.48%)
GFJ26 : 353.050s (-1.00%)
Hogs Slip Lower on Friday

Lean hog futures were weaker on Friday, with contracts down a dime to 57 cents on the day, as February was $1.20 lower this week. USDA’s national base hog price was reported at $68.08 on Friday afternoon,...

HEJ26 : 91.775s (-0.16%)
HEG26 : 85.300s (-0.67%)
HEK26 : 95.850s (-0.10%)
Cattle Markets Lower on Expectations for Weaker Fat Cash Market

Cattle markets break down

Shootin' the Bull about Dairy making waves in the beef industry again. Maybe a big one

Comments read this week of a 200,000 head increase in the dairy herd in 2025, the biggest increase in 40 years, caught me by surprise.

Hogs Slipping Lower on Friday

Lean hog futures are showing 10 to 60 cent losses so far on Friday. USDA’s national base hog price was reported at $68.56 on Friday morning. The CME Lean Hog Index was down 27 cents on Jan 7 at $80.98....

HEJ26 : 91.775s (-0.16%)
HEG26 : 85.300s (-0.67%)
HEK26 : 95.850s (-0.10%)
Cattle Falling to Close Out the Week

Live cattle futures are slipping lower at midday, down $1.50 to $1.70 so far. Cash trade has started to pick up, with $233 reported in the North on Friday, and $232 South bids. The Friday morning Fed Cattle...

LEM26 : 229.750s (-0.66%)
LEJ26 : 234.675s (-0.66%)
LEG26 : 233.725s (-0.66%)
GFH26 : 354.700s (-0.85%)
GFF26 : 360.725s (-0.48%)
GFJ26 : 353.050s (-1.00%)
Is a Bigger Rally in Livestock Looming?

Cattle and lean hog futures had very constructive trading days on Thursday. Can that translate into a bigger rally to wrap up this week’s trade?

Cattle Look to Round Out the Week

Live cattle futures held onto the Thursday gains, with contracts 75 cents to $1.25 higher. Open interest was down 2,405 contracts on Thursday, mostly in the Feb Cash trade has been quiet so far this week...

LEM26 : 229.750s (-0.66%)
LEJ26 : 234.675s (-0.66%)
LEG26 : 233.725s (-0.66%)
GFH26 : 354.700s (-0.85%)
GFF26 : 360.725s (-0.48%)
GFJ26 : 353.050s (-1.00%)
Hogs Look to Friday Folling Thursday Rally

Lean hog futures posted Thursday gains of $1.07 to $1.65 at the close. Preliminary open interest was up 3,520 contracts on Thursday, suggesting new buying interest. USDA’s national base hog price was...

HEJ26 : 91.775s (-0.16%)
HEG26 : 85.300s (-0.67%)
HEK26 : 95.850s (-0.10%)
Hogs Rally on Thursday

Lean hog futures posted Thursday gains of $1.07 to $1.65 at the close. USDA’s national base hog price was reported at $69.37 on Thursday afternoon, down $3.24 from the day prior. The CME Lean Hog Index...

HEJ26 : 91.775s (-0.16%)
HEG26 : 85.300s (-0.67%)
HEK26 : 95.850s (-0.10%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 186.0417
2nd Resistance Point 186.0333
1st Resistance Point 186.0167
Last Price 186.0000s
1st Support Level 185.9917
2nd Support Level 185.9833
3rd Support Level 185.9667

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52-Week High 269.0000
Fibonacci 61.8% 236.3390
Fibonacci 50% 226.2500
Fibonacci 38.2% 216.1610
Last Price 186.0000s
52-Week Low 183.5000

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