Cash-Settled Cheese Futures Contract Specs
| Contract Unit | 20,000 pounds of Cheese (~9 Metric Tons) | ||||
| Price Quotation | Dollars 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 per contract) | ||||
| Product Code | CME Globex: CSCCME ClearPort: CSCClearing: 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 | ||||
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