Butter is a commodity derived from milk, used in cooking and baking. It is traded on futures exchanges like the CME Group.
Description: Butter is a dairy product made from churning cream or milk. It is a key ingredient in many cuisines and food products. The butter market is influenced by milk production, dairy demand, and global trade. Butter futures are traded on the Chicago Mercantile Exchange (CME) under the ticker 'BUTTER', providing price discovery and risk management for producers, consumers, and traders. The contract size is 20,000 pounds of Grade AA butter. Butter prices can be volatile due to seasonal milk production, dietary trends, and government policies.