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Class III Milk Futures Contract Specs

Contract Unit 200,000 Pounds
Price Quotation U.S. dollars and cents 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 0.01 per pound = $2,000.00
Product Code CME Globex: DC
CME ClearPort: DA
Clearing: DA
Listed Contracts 24 Calendar Months
Settlement Method Financially Settled
Termination Of Trading Trading terminates on if the 1st wednesday of the month after the contract month is after the 5th day of the month after the contract month then (business day before the last wednesday of the contract month. if monday before the last wednesday of the contract month is not a business day then it is the business day after that. if tuesday before the last wednesday of the contract month is not a business day then it is the business day after that) else (business day before the 1st wednesday of the month after the contract month. if monday before the 1st wednesday of the month after the contract month is not a business day then it is the business day after that. if tuesday before the 1st wednesday of the month after the contract month is not a business day then it is the business day after that)
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