||1 futures contract for 1,000 hundrefweight (cwt.)
|Minimum Price Fluctuation
||0.01 per cwt = $10.00
||0.005 per cwt = $5.00
||U.S. dollars and cents per cwt.
||Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago Time (CT) with a 60–minute break each day beginning at 4:00 p.m.
||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
||MON - FRI:! 9:05 a.m. - 1:12 p.m. (LTD 12:10 p.m.)
||CME Globex: JQCME ClearPort: JQOpen Outcry: JQClearing: JQ
|| Monthly contracts listed for 24 consecutive months
|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 Class III Milk.
||CME Position Limits
||Block Minimum Thresholds
|Price Limit Or Circuit
||Quote Vendor Symbols Listing
|Strike Price Listing Procedures
||Strikes listed for 50% of the underlying settlement price above and below the at-the-money strike at $0.0025 per pound increments in all months.
||European Style See CME Rule 52B02
||Mid-Sized Milk Futures