Chicago Butter and Egg Board

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The Chicago Butter and Egg Board, founded in 1898, was a spin-off entity of the Chicago Board of Trade (CBOT). In the year 1919, it was re-organized as a Chicago Mercantile Exchange (CME). Roots to the Chicago Butter and Egg Board are traceable to 1800s.

At the initial state, The Chicago Butter and Egg Board traded only two types of contracts - contracts of Butter and Eggs. Over several decades, it evolved into the Chicago Mercantile Exchange (CME or Merc) which now trades futures contracts and options contracts on over 50 products, from pork bellies to eurodollars and stock market indices.

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