Asset Class Navigation

Cash-Settled Cheese Futures Contract Specs

Contract Size 20,000 pounds
Pricing Unit U.S. cents per pound
Tick Value $0.001 per pound (= $20.00 per contract)
Daily Price Limits $.075 per pound above or below the previous day's settlement price, except there shall be no daily price limits in the spot month. Expandable limits for contract nearest to expiration.
Trading Hours
(All times listed are Central Time)
CME Globex Sundays at 5:00 p.m. through Friday at 1:55 p.m. with daily trading halts from 4:00 p.m. to 5:00 p.m.
Last Trade Date/Time
View Calendar
Trading shall terminate on the business day immediately preceding the release date for the USDA monthly weighted average price in the U.S. for cheese. LTD close is at 12:10 p.m. Central Time
Contract Months
View Listings
First 24 calendar months
Settlement Procedure Daily Dairy Settlement Procedure (PDF)
Final Cheese Futures Settlement Procedure (PDF)
Position Limits 1,000 contracts in any contract month
See CME Rule: 6002.E
Ticker Symbol
View Product Codes
View Vendor Codes
CSC
Rulebook Chapter 60
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships

Global

Global Offices Contact Information

 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.