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Class IV Milk Futures Contract Specs

Contract Unit 200,000 lbs. of Class IV Milk ( ˜ 90 metric tons)
Price Quotation Class IV Milk

Dollars per hundredweight (cwt.)
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 cwt (= $20.00 per contract)
Product Code CME Globex: GDK
CME ClearPort: DK
Clearing: DK
Listed Contracts 24 Calendar Months
Settlement Method Financially Settled
Termination Of Trading Trading shall terminate on the business day immediately preceding the day on which the USDA announces the Class IV price for that contract month. (LTD 12:10 p.m.)
Settlement Procedures Class IV Milk Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 55
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing