Agriculture Products
View an Agricultural Product
Class III Milk Futures
 
 
Milk Futures
Contract Size 200,000 lbs. of Class III Milk ( ˜ 90 metric tons)
Price Quotation Class III Milk
Pricing Unit Cents per hundredweight (cwt.)
Tick Size (minimum fluctuation) $0.01 per cwt (= $20.00 per contract)
Daily Price Limits $0.75 per cwt above or below the previous day's settlement price.
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. - 1:10 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
Settlement Procedure Daily Dairy Settlement Procedure (PDF)
Final Class III Milk Futures Settlement Procedure (PDF)
Position Limits Non-Spot: 1,500 contracts in any contract month
Spot: n/a
All months combined: n/a
See CME Rule: 5202.E
Rulebook Chapter 52
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of 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.