SPOT BUTTER - CONTRACT SPECS
| CONTRACT SIZE | 40,000 - 43,000 lbs. of Butter ( ˜18 - 19.5 metric tons) |
| PRODUCT DESCRIPTION | Grade AA Butter |
| PRICING UNIT | Cents per pound |
| TICK SIZE (MINIMUM FLUCTUATION) | $0.0025 per pound (= $100.00 - $107.50 per contract) |
| TRADING HOURS (ALL TIMES LISTED ARE CENTRAL TIME) |
CME Direct Auction Platform MON–FRI: 11:15 a.m. – 11:25 a.m. |
| SETTLEMENT PROCEDURE | Dairy Spot Call Settlement Procedure |
| TICKER SYMBOLS | View Product Codes View Vendor Codes |
| RULEBOOK CHAPTER | 12 |
| EXCHANGE RULE | These contracts are listed with, and subject to, the rules and regulations of CME. |