Contract Unit
|
200,000 pounds (2,000 hundredweight (cwt.)) |
Price Quotation
|
U.S. dollars and cents per cwt. |
Trading Hours
|
CME Globex: |
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 |
CME ClearPort: |
Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 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 at 12:10 p.m. CT on the business day prior to the USDA announcement of the weighted average price for Class IV Milk.
|
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 |