Who the hell trades butter?

Discussion in 'Commodity Futures' started by arabianights, Mar 22, 2008.

  1. This is a serious question.
  2. Literally nobody! I have been to the cme a few times and if I remember correctly its not even a pit but more or less a gathering place for traders (few) to come to once a week and see if anybody wants to bite on a few butter contracts lol!

    Dairy is not the hottest thing at the merc from what im told!:D
  3. Commercial users are willing to trade it at a price of their choosing. The dairy industry is an oligarchy, i.e. it's dominated by too few firms with too much pricing power. Leave it alone.