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Butter Cash-Settled Jul '26 (BDN26)

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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
08/04/26 (90 days)
Expiration Date
08/04/26 (90 days)

Seasonal Chart

Butter Cash-Settled Jul '26
Average Price Chart for 5 Prior Jul 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
158.5000 +5.52%
on 05/05/26
192.1500 -12.96%
on 04/14/26
-19.8000 (-10.59%)
since 04/06/26
3-Month
158.5000 +5.52%
on 05/05/26
231.1750 -27.65%
on 03/03/26
-38.5750 (-18.74%)
since 02/06/26
52-Week
158.5000 +5.52%
on 05/05/26
268.7500 -37.77%
on 07/14/25
-86.5000 (-34.09%)
since 05/06/25

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Most Recent Stories

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Cattle Extending Bounce to Wednesday’s Midday

Live cattle futures are up 27 to 95 cents on Wednesday. Cash trade from last week finished out near $256-257. It has been quiet so far this week, with a few light sales of $400 in NE. The Wednesday Fed...

LEV26 : 243.725s (+0.21%)
LEQ26 : 248.900s (+0.22%)
LEM26 : 253.475s (+0.10%)
GFQ26 : 373.050s (+0.20%)
GFK26 : 372.400s (+0.15%)
GFU26 : 371.300s (+0.25%)
Hogs Look to Wednesday Following Tuesday Recovery

Lean hog futures are down 92 cents to $1.57 at Wednesday’s midday. Open interest suggested net new buying, up 2,508 contracts. USDA’s national base hog price was reported at $94.79 on Wednesday morning,...

HEM26 : 99.700s (-1.70%)
HEK26 : 91.700s (-1.19%)
HEN26 : 102.250s (-1.23%)
Hogs Look to Wednesday Following Tuesday Recovery

Lean hog futures posted 65 cent to $1.80 gains on Tuesday. Open interest suggested net new buying, up 2,508 contracts. USDA’s national base hog price was not reported on Tuesday afternoon due to packer...

HEM26 : 99.700s (-1.70%)
HEK26 : 91.700s (-1.19%)
HEN26 : 102.250s (-1.23%)
Cattle Look to Wednesday Trade

Live cattle futures posted gains of $1.47 to $2.92 across the board on Tuesday. Open interest was up 1,878 contracts. Cash trade from last week finished out near $256-257. It has been quiet so far this...

LEV26 : 243.725s (+0.21%)
LEQ26 : 248.900s (+0.22%)
LEM26 : 253.475s (+0.10%)
GFQ26 : 373.050s (+0.20%)
GFK26 : 372.400s (+0.15%)
GFU26 : 371.300s (+0.25%)
Hogs Recover on Tuesday

Lean hog futures posted 65 cent to $1.80 gains on Tuesday. USDA’s national base hog price was not reported on Tuesday afternoon due to packer submission issues. The CME Lean Hog Index was back down 27...

HEM26 : 99.700s (-1.70%)
HEK26 : 91.700s (-1.19%)
HEN26 : 102.250s (-1.23%)
Cattle Rallies Back on Tuesday

Live cattle futures posted gains of $1.47 to $2.92 across the board on Tuesday. Cash trade from last week finished out near $256-257. It has been quiet so far this week, with a few light sales of $400...

LEV26 : 243.725s (+0.21%)
LEQ26 : 248.900s (+0.22%)
LEM26 : 253.475s (+0.10%)
GFQ26 : 373.050s (+0.20%)
GFK26 : 372.400s (+0.15%)
GFU26 : 371.300s (+0.25%)
AUG-NOV SOYBEAN SPREAD (ZSQ26-ZSX26) - WALSH PURE SPREADER

WALSH PURE SPREADER - Pure Hedge Division

Pure Hedge - Livestock and Grain

Has the Grain Bubble Popped?

Shootin' the Bull about congesting fundamentals

There is seemingly a lot of congestion at this top.  Both packers and cattle feeders are losing money.  Projected margins reflect significant losses for both.

Hogs Back to Higher Trade on Tuesday

Lean hog futures are 75 to 85 cents higher in the front months on Tuesday. USDA’s national base hog price was not reported on Tuesday mornind due to packer submission issues. The CME Lean Hog Index was...

HEM26 : 99.700s (-1.70%)
HEK26 : 91.700s (-1.19%)
HEN26 : 102.250s (-1.23%)

Barchart Trading Guide

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

Relative Strength just crossed above 30%. The market has bounced from oversold territory. Beware of a potential mean reversion.

Key Turning Points

3rd Resistance Point 171.5000
2nd Resistance Point 168.4000
1st Resistance Point 164.7000
Last Price 167.2500
1st Support Level 157.9000
2nd Support Level 154.8000
3rd Support Level 151.1000

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52-Week High 268.7500
Fibonacci 61.8% 226.6345
Fibonacci 50% 213.6250
Fibonacci 38.2% 200.6155
Last Price 167.2500
52-Week Low 158.5000

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