Cash-Settled Cheese Futures Contract Specs

Contract Unit	20,000 pounds of Cheese (~9 Metric Tons)
Price Quotation	Dollars per pound
Trading Hours	Sundays at 5:00 p.m. through Friday at 1:55 p.m. with daily trading halts from 4:00 p.m. to 5:00 p.m.
Minimum Price Fluctuation	$0.001 per pound (= $20.00 per contract)
Product Code	CME Globex: CSC CME ClearPort: CSC Clearing: CSC
Listed Contracts	24 calendar months
Settlement Method	Financially Settled
Termination Of Trading	Trading shall terminate on the business day immediately preceding the release date for the USDA monthly weighted average price in the U.S. for cheese. LTD close is at 12:10 p.m. Central Time
Settlement Procedures	Dairy Settlement Procedures
Position Limits	CME Position Limits
Exchange Rulebook	CME 60
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing

Quick Links

Trade this Product

Tools

Send Us Feedback

Who We Are

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.