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Butter Cash-Settled Sep '23 (BDU23)
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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
$1,430/1,300
First Notice Date
10/03/23
Expiration Date
10/03/23 (expired)

Seasonal Chart

Butter Cash-Settled Sep '23
Average Price Chart for 5 Prior Sep 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
265.0250 +3.88%
on 09/11/23
275.3200 unch
on 10/04/23
+9.3200 (+3.50%)
since 09/01/23
3-Month
241.5000 +14.00%
on 07/05/23
279.0000 -1.32%
on 08/17/23
+33.3700 (+13.79%)
since 07/03/23
52-Week
238.0250 +15.67%
on 10/06/22
279.0000 -1.32%
on 08/17/23
+37.2950 (+15.67%)
since 10/04/22

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Most Recent Stories

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Cattle Collapse and will Continue to - Soybeans Heading to $13.00 on the way to $11.50...

Lean Hogs Finish Friday Red

The front month lean hog futures fell $0.17 to $1.37 lower across the front months. That limited the weekly move to a net $1.32 gain for Feb hogs. Feb hogs rounded out the month of Nov with a $3.40 loss...

HEZ23 : 68.600s (-0.25%)
HEG24 : 70.100s (-1.92%)
KMZ23 : 81.650s (+1.11%)
Cattle Close Week Lower

Fat cattle’s triple digit losses flipped the board to net red for the week’s move. Feb closed Friday down by $2.70, and was #$1.85 weaker wk/wk. Cash trade for the week was mostly $174-$175, UNCH to...

LEZ23 : 169.275s (-0.94%)
LEG24 : 169.125s (-1.57%)
LEJ24 : 171.625s (-1.61%)
LEY00 : 175.000s (unch)
GFF24 : 214.425s (-2.51%)
GFH24 : 217.225s (-2.40%)
Shootin' the Bull about a down turn in everything

This week, my indigestion or intuition began causing me to lose sleep.  I have been anticipating energy to move sharply higher, and beans as well.  Neither have done what was anticipated.  By Friday,...

Livestock Futures Break Down

Markets Fail to hold early rallies, end week on a sour note

Hogs Beginning December with Red Day

Lean hogs start the new month with $0.62 to $1.35 losses through Dec 1’s midday. Feb hogs rounded out the month of Nov with a $3.40 loss for the month after an incredibly wide trading range from $65.80-$77.77....

HEZ23 : 68.600s (-0.25%)
HEG24 : 70.100s (-1.92%)
KMZ23 : 81.650s (+1.11%)
Cattle Down again for Friday

Front month live cattle prices are currently $0.90 to $1.52 in the red. The final print of the month left the Feb cattle contract down by a net $12.80 for November, following October’s $7.87 loss. USDA...

LEZ23 : 169.275s (-0.94%)
LEG24 : 169.125s (-1.57%)
LEJ24 : 171.625s (-1.61%)
LEY00 : 175.000s (unch)
GFF24 : 214.425s (-2.51%)
GFH24 : 217.225s (-2.40%)
Buy the Dip?

Grains are softer in the early morning trade as we wade into the last month of the year, but is this a buying opportunity in corn?

Cattle Finished November with $12.80 Loss

The final print of the month left the Feb cattle contract down by a net $12.80, following October’s $7.87 loss. The Thursday session itself also flipped the week’s net move back to red after live cattle...

LEZ23 : 169.275s (-0.94%)
LEG24 : 169.125s (-1.57%)
LEJ24 : 171.625s (-1.61%)
GFF24 : 214.425s (-2.51%)
GFH24 : 217.225s (-2.40%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 275.3200
2nd Resistance Point 275.3200
1st Resistance Point 275.3200
Last Price 275.3200s
1st Support Level 275.3200
2nd Support Level 275.3200
3rd Support Level 275.3200

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52-Week High 279.0000
Last Price 275.3200s
Fibonacci 61.8% 263.3475
Fibonacci 50% 258.5125
Fibonacci 38.2% 253.6774
52-Week Low 238.0250

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