DRY WHEY FUTURES - CONTRACT SPECS
| Contract Unit | 44,000 pounds (˜20 metric tons) | ||||
| Price Quotation | U.S. cents per pound | ||||
| Trading Hours | CME Globex: | 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. | 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 | 0.00025 per pound = $11.00 | ||||
| Product Code | CME Globex: DYCME ClearPort: DYClearing: DY | ||||
| 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 Dry Whey. | ||||
| Settlement Procedures | Dry Whey Settlement Procedures | ||||
| Position Limits | CME Position Limits | ||||
| Exchange Rulebook | CME 57 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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