Agriculture Products
View an Agricultural Product
Class III Milk Options
 


Type
 
Milk Options
Underlying Contract One Milk Futures contract
Pricing Unit Cents per hundredweight (cwt.)
Tick Size (minimum fluctuation) Full Tick: $0.01 per cwt (= $20.00 per contract)
Half tick: $0.005 per cwt (= $10.00 per contract)
Daily Price Limits None
Trading Hours (All times listed are Central Time) GLOBEX (Electronic Platform) 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.
OPEN OUTCRY (Trading Floor) MON-FRI: 9:05 a.m. - 1:12 p.m. (LTD 12:10 p.m.)
Last Trade Date/Time
View Calendar
Trading shall terminate on the business day immediately preceding the day on which the USDA announces the Class III price for that contract month. (LTD 12:10 p.m.)
Contract Months
View Listings
All Calendar Months
Strike Price Intervals All Contract Months: $.25 intervals. See CME Rule 52A01.E
Exercise Procedure American Style See CME Rule 52A02
Position Limits Non-spot: 1,500 futures-equivalent contracts in any contract month
Spot: n/a
All months combined: n/a
See CME Rule 52A01.F.
Ticker Symbol View Product Codes
View Vendor Codes
Rulebook Chapter 52A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of the CME.
 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo
  • © 2013 CME Group Inc. All rights reserved.
  • CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of five 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, COMEX and KCBT.