-
About
|
About CME Group Information and Resources - Careers|
-
Investor Relations
|
Investor Relations Financial ReportsShareholder Information - Media Room|
-
Feedback
|
- Global
- Electronic Trading |
-
Clearing
|
CME Derivatives Clearing Clearing ServicesFinancial and Collateral ManagementClearing OperationsBusiness Continuity Mgt/DR -
CME ClearPort
|
CME ClearPort - OTC Derivatives Clearing CME ClearPort -
Market Data Services
|
Market Data Services New and Existing DistributorsLicensed Distributors - Market Regulation |
- Education |
- Resources
Agricultural 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) | ||||
| 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. | ||||
