| Contract Size |
40,000 lbs. of Butter ( ˜18 metric tons) |
| Product Description |
Grade AA Butter |
| Pricing Unit |
Cents per pound |
| Tick Size (minimum fluctuation) |
$0.00025 per pound (= $10.00 per contract) |
| Daily Price Limits |
$0.05 per pound above or below the previous day's settlement price,
multiple expansions. No limits in the spot month. See CME Rule: 5102.D |
Trading Hours
(All times listed are Central Time) |
Open Outcry (Trading Floor)
MON-FRI: 9:05 a.m. - 1:10 p.m. (LTD 12:10 p.m.) Central Time
|
Last Trade Date/Time
View Calendar |
Trading shall terminate on the business day immediately preceding
the last seven business days of the contract month. (LTD 12:10 p.m. Central Time) |
Contract Months
View Listings |
Mar, May, Jul, Sep, Oct and Dec |
| Settlement Procedure |
Physical Delivery. See CME Rule 5103 |
| Position Limits |
Non-Spot: 900 contracts in any contract month
Spot: 150/50 contracts
All months combined: 1,000 contracts net long or short
See CME Rule: 5102.E |
| Ticker Symbol |
Open Outcry = DB
Clearing = DB
View Product Codes
View Vendor Codes |
| Rulebook Chapter |
51 |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
