Markets / Butter
Butter
Nov Butter futures · $ per pound
Download prices (CSV, opens in Excel): daily, 1 year · weekly, 10 years
Butter is down 9.3% since January 1. By this point in a typical year (2021–2025) it was up 8.4%. From here to year-end, the price rose in 1 of the last 5 years, down 7.9% on average. Front-month futures. Past patterns don't predict prices; weather, demand and policy change every year.
Every contract month
Butter futures trade every month.
Deferred months are priced above Nov Butter (a carry): the market is paying to store it.
| Month | Last | Change | vs. Nov |
|---|---|---|---|
| Nov Butter | 138.50 | +0.5¢ | — |
| Dec Butter | 142.00 | +0.57¢ | +3.5¢ |
| Jan Butter | 143.50 | unch | +5¢ |
| Feb Butter | 148.35 | +1.85¢ | +9.85¢ |
| Mar Butter | 155.40 | +3¢ | +16.9¢ |
| Apr Butter | 157.00 | unch | +18.5¢ |
| May Butter | 158.50 | unch | +20¢ |
| Jun Butter | 160.05 | unch | +21.55¢ |
| Jul Butter | 161.75 | unch | +23.25¢ |
| Aug Butter | 166.00 | unch | +27.5¢ |
| Sep Butter | 166.50 | unch | +28¢ |
| Oct 27 Butter | 167.00 | unch | +28.5¢ |
Text me when Nov Butter hits my number
Pick the month and the price. We text you the second it trades there, plus butter at 10:00 and 2:00.
Set up Nov Butter alertsEconomy
Fed funds target 3.75-4.00% (raised 25 basis points Sep 17, 2026). Dollar index 101.79, -0.4% this week, +3.5% from a year ago. A stronger dollar makes US grain and meat pricier overseas.
Why it moved
The next 10:00 or 2:00 report will explain today's move here.
About this market
CME cash-settled butter, 20,000 lb, quoted in cents per pound, settles to USDA's monthly average butter price. Drives Class IV.