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Class III Milk Futures Contract Specs

Contract Unit 200,000 pounds (2,000 hundredweight (cwt))
Price Quotation U.S. dollars and cents per cwt
Trading Hours Sunday - Friday  5:00 p.m. - 1:55 p.m. CT with  a daily trading halt from 4:00 p.m. to 5:00 p.m. CT
Minimum Price Fluctuation 0.01 per cwt. = $20.00
Product Code CME Globex: DC
CME ClearPort: DA
Clearing: DA
Listed Contracts Monthly contracts listed for 24 consecutive months
Settlement Method Financially Settled
Termination Of Trading Trading terminates on the business day prior to the USDA announcement of the  price for that contract month.
Settlement Procedures Class III Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 52
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing