Class IV 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: GDKCME ClearPort: DKClearing: DK | ||||
| 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 day on which the USDA announcement of the price for that contract month. | ||||
| 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 | ||||
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