Cash-Settled Butter Futures (CME CB)

Chicago Mercantile Exchange · November 2026 contract · Priced in U.S. cents per pound

Contract Overview

132.10 ¢/lb -2.15% (-2.90) Today
Nov 4, 2:16 PM UTC-6
Price performance
Open 133.50
Day's range 131.50 – 133.50
Volume 59
Prev. settlement 135.00
30-day range 128.03 – 144.00
Open interest 3.02K
Bid 131.53
Ask 132.70
Expires Dec 1, 2026

CME · Delayed 10 min · Updated 28 min ago · Market open · closes 16:00 CT

Price Performance

November 2026 · CBX26

Returns

1 week −3.1% −3.1% 1 week −4.28 from 136.38 on Oct 28
1 month −2.6% −2.6% 1 month −3.50 from 135.60 on Oct 6
3 months −23.6% −23.6% 3 months −40.90 from 173.00 on Aug 6
6 months −26.3% −26.3% 6 months −47.15 from 179.25 on May 6
Year to date −32.9% −32.9% year to date −64.68 from 196.78 on Dec 31, 2025
1 year −40.9% −40.9% 1 year −91.40 from 223.50 on Nov 3, 2025
  • High since Jun 27, 2025 266.00 Aug 26, 2025 · price 50.3% below
  • Low since Jun 27, 2025 128.03 Oct 8 · price 3.2% above
  • 20-session high 140.25 Oct 16 · price 5.8% below
  • 20-session low 128.03 Oct 8 · price 3.2% above
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Commitments of Traders

Tuesday, Oct 27

Net positions

FundsManaged money −835 −835 net short Managed money · Bought 51 on the week · net short for over 2 years
CommercialsProducers and merchants +1.9K +1.9K net long Producers and merchants · Long 16.9K · short 15.0K · net +310 on the week
  • Funds on the week Bought 51 Net short for over 2 years
  • Open interest 33.3K Up 852 on the week · 65 traders

Funds are hedge funds and other money managers (managed money). Commercials are the hedgers: farmers, elevators, processors and exporters (producers and merchants). Net is longs less shorts, in contracts of 20,000 pounds, as of Tuesday’s close.

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Futures chain

CBX26 Nov 2026 132.10 ¢/lb -2.90 -2.15%
CBZ26 Dec 2026 132.50 ¢/lb -2.50 -1.85%
CBF27 Jan 2027 134.25 ¢/lb -3.25 -2.36%
CBG27 Feb 2027 137.25 ¢/lb -2.25 -1.61%
CBH27 Mar 2027 145.00 ¢/lb -3.00 -2.03%
CBJ27 Apr 2027 149.23 ¢/lb -1.78 -1.18%
CBK27 May 2027 150.50 ¢/lb -2.50 -1.63%
CBM27 Jun 2027 152.50 ¢/lb -2.13 -1.37%
CBN27 Jul 2027 154.98 ¢/lb -2.78 -1.76%
CBQ27 Aug 2027 158.00 ¢/lb -2.00 -1.25%
CBU27 Sep 2027 161.45 ¢/lb -0.55 -0.34%
CBV27 Oct 2027 162.00 ¢/lb -1.28 -0.78%
CBX27 Nov 2027 165.00 ¢/lb 0.00 0.00%
CBZ27 Dec 2027 166.95 ¢/lb -0.75 -0.45%
CBF28 Jan 2028 173.95 ¢/lb -1.05 -0.60%
CBG28 Feb 2028 180.00 ¢/lb 0.00 0.00%
CBH28 Mar 2028 185.00 ¢/lb 0.00 0.00%
CBJ28 Apr 2028 194.00 ¢/lb 0.00 0.00%
CBK28 May 2028 198.00 ¢/lb 0.00 0.00%
CBM28 Jun 2028 230.08 ¢/lb 0.00 0.00%

News Stories

Feedstuffs•Nov 04 USDA plans $472.5M in Section 32 food purchases
Farms.comFarms.com•Oct 30 Dairy Market Drivers: Rise and Fall of Breakfast Cereals; Cheese and Whey Price Updates; and Food Inflation in a Minute!
Farms.comFarms.com•Oct 28 Canadian Dairy Commission Announcement on Price Adjustments in 2027
AgDaily•Oct 27 Washington dairy bird flu cases triple to 27 in just a week’s time
Farm ProgressFarm Progress•Oct 27 Milk futures take a $3 bounce, but surplus supply looms
Brownfield Ag NewsBrownfield Ag News•Oct 12 Cheese, nonfat dry milk lead Monday CME cash dairy prices
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Contract Specifications

Contract November 2026 · CBX26
Exchange Chicago Mercantile Exchange · CB
Contract size 20,000 pounds
Tick size 0.025¢ per pound · $5.00 per contract
Value of a 1¢ move $200 per contract
Contract months Every month (F–Z)
Trading hours 5:00 pm – 4:00 pm CT, Sun–Fri, with a daily 1-hour break
Settlement Cash-settled
DISCLAIMER: The grain price information provided on Farmbucks.com is for informational purposes only and is subject to change at any time. Prices are sourced from participating grain companies, verified farmer reports and our trusted partners such as Barchart and DTN. While we work to ensure accuracy, discrepancies may occur between the prices listed on this website and those provided by grain buyers. Users are responsible for contacting the purchaser directly to confirm current prices and selling instructions. Farmbucks does not guarantee the accuracy, completeness, or timeliness of the prices displayed and assumes no liability for decisions made based on this information.

Futures Market Data: Futures price data on Farmbucks is provided by DTN, CME Group, and ICE. This data is for informational purposes only and may be subject to delays or inaccuracies. Please consult official exchange sources or your broker for trading decisions.

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