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: GDKCME ClearPort: DKClearing: 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 | ||||
Quick Links
Trade this Product
Tools
- QuikStrike Analytics
- Open Interest
- Commitment of Traders
- Interactive Expiration Calendar
- Conversion Calculators
Related
© 2019 CME Group Inc. All rights reserved.