

CME Group/Chicago HQ
Main Switchboard
Local: 312-930-1000
Toll Free: 866-716-7274
Customer Service
Product inquiries, website issues, and specific questions
Phone: 312-930-2316
Toll Free: 800-331-3332
E-mail: info@cmegroup.com
More CME Group Direct Lines
Click for phone list by department
| Milk Futures | |||||
|---|---|---|---|---|---|
| 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. | ||||