| Contract Size |
200,000 lbs. of Class III Milk ( ˜ 90 metric tons) |
| Price Quotation |
Class III 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 |
CME Globex (Electronic Platform) |
Mondays at 9:05 a.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. |
Last Trade Date/Time
View Calendar |
Trading shall terminate on the business day immediately preceding the day on which the USDA
announces the Class III price for that contract month. (LTD 12:10 p.m. Central Time) |
Contract Months
View Listings |
All Calendar Months |
| Settlement Procedure |
Cash Settlement See CME Rule 5203.A |
| Position Limits |
Non-Spot: 1,500 contracts in any contract month
Spot:n/a
All months combined:n/a
See CME Rule: 5202.E |
| Rulebook Chapter |
52 |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
