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Nonfat Dry Milk Futures
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Nonfat Dry Milk Futures
Contract Size 44,000 lbs. of Nonfat Dry Milk ( ˜20 metric tons)
Price Quotation Nonfat Dry Milk
Pricing Unit Cents per pound
Tick Size (minimum fluctuation) $0.00025 per pound (= $11.00 per contract)
Daily Price Limits $0.025 per pound above or below the previous day's settlement price,
expandable to $0.05. See CME Rule: 5402.D
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 Nonfat Dry Milk 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: 1,000 contracts in any contract month
Spot: 100 contracts
All months combined: n/a
See CME Rule: 5402.E
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Rulebook Chapter 54
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of the CME.