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Spot Nonfat Dry Milk Contract Specs

Contract Size 41,000 - 45,000 lbs. of Nonfat Dry Milk ( ˜˜18 - 20 metric tons)
Product Description Nonfat Dry Milk - Grade A
 
Pricing Unit Cents per pound
Tick Size (minimum fluctuation) $0.0025 per pound (= $105.00 - $112.50 per contract)
Trading Hours CME Direct Auction Platform MON–FRI: 11:30 a.m. – 11:40 a.m.
Last Trade Date / Time
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Contract Months
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Settlement Procedure Dairy Spot Call Settlement Procedure
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Rulebook Chapter 12
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.