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Cash-Settled Cheese Futures Contract Specs

Contract Unit 20,000 pounds of Cheese (~9 Metric Tons)
Price Quotation Cents per pound
Trading Hours 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.
Minimum Price Fluctuation $0.001 per pound (= $20.00 per contract)
Product Code CME Globex: CSC
CME ClearPort: CSC
Clearing: CSC
Listed Contracts 24 calendar months
Settlement Method Financially Settled
Termination Of Trading 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
Settlement Procedures Dairy Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 60
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing