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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.) |
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| 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 | ||||
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
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