SPOT CHEESE BLOCKS - CONTRACT SPECS
| CONTRACT SIZE | 40,000 - 44,000 lbs. of Cheese ( ˜18 - 20 metric tons) |
| PRODUCT DESCRIPTION | Cheddar Cheese in 40# Blocks |
| PRICING UNIT | Cents per pound |
| TICK SIZE (MINIMUM FLUCTUATION) | $0.0025 per pound (= $100.00 - $110.00 per contract) |
| TRADING HOURS (ALL TIMES LISTED ARE CENTRAL TIME) |
CME Direct Auction Platform MON–FRI: 11:00 a.m. – 11:10 a.m. |
| LAST TRADE DATE / TIME VIEW CALENDAR | None |
| CONTRACT MONTHS VIEW LISTINGS | None |
| 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. |