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Dry Whey Futures
 
 
Dry Whey Futures
Contract Size 44,000 lbs. of Dry Whey ( ˜20 metric tons)
Product Description Dry Whey
Pricing Unit Cents per pound
Tick Size (minimum fluctuation) $0.00025 per pound (= $11.00 per contract)
Daily Price Limits $0.06 per pound above or below the previous day’s settlement price, with the expandable increasing to $0.08 per pound, then further to $0.12 per pound. No limits in the last 5 days of trading. See CME Rule: 5702.D
Trading Hours (All times listed are Central Time)
(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.
Last Trade Date/Time
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Trading shall terminate on the business day immediately preceding the day on which the USDA announces the Dry Whey price for that contract month. (LTD 12:10 p.m.)
Contract Months
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All Calendar Months
Settlement Procedure Daily Dairy Settlement Procedure (PDF)
Final Dry Whey Futures Settlement Procedure (PDF)
Position Limits Non-Spot: 1,000 contracts in any contract month
Spot: 200 contracts
All months combined: n/a
See CME Rule: 5702.E
Ticker Symbol View Product Codes
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Rulebook Chapter 57
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of the CME.
 
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