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: GDK
CME ClearPort: DK
Clearing: 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