| Class IV Milk Futures | |||||
|---|---|---|---|---|---|
| Contract Size | 200,000 lbs. of Class IV Milk ( ˜ 90 metric tons) | ||||
| Price Quotation | Class IV 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. (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 IV 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 IV Milk Futures Settlement Procedure (PDF) |
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| Position Limits | Non-Spot: 1,000 contracts in any contract month Spot: n/a All months combined: n/a See CME Rule: 5502.E |
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| Ticker Symbol | View Product Codes View Vendor Codes |
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| Rulebook Chapter | 55 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of the CME. | ||||