CASH-SETTLED CHEESE FUTURES - CONTRACT SPECS

Contract Unit 20,000 pounds (~9 metric tons)
Price Quotation U.S. dollars and cents per pound
Trading Hours CME Globex: 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.
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation 0.001 per pound = $20.00
Product Code CME Globex: CSC
CME ClearPort: CSC
Clearing: CSC
Listed Contracts Monthly contracts listed for 24 consecutive months
Settlement Method Financially Settled
Termination Of Trading Trading terminates at 12:10 p.m. CT on the business day prior to the USDA announcement of the weighted average price for Cheese.
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