Class IV Milk Futures Contract Specs

Contract Unit	200,000 lbs. of Class IV Milk ( ˜ 90 metric tons)
Price Quotation	Class IV Milk Dollars per hundredweight (cwt.)
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	$0.01 per cwt (= $20.00 per contract)
Product Code	CME Globex: GDK CME ClearPort: DK Clearing: DK
Listed Contracts	24 Calendar Months
Settlement Method	Financially Settled
Termination Of Trading	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.)
Settlement Procedures	Class IV Milk Settlement Procedures
Position Limits	CME Position Limits
Exchange Rulebook	CME 55
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing

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