Dry Whey Futures Contract Specs

Contract Unit	44,000 lbs. of Dry Whey ( ˜20 metric tons)
Price Quotation	Cents per pound
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	$0.00025 per pound (= $11.00 per contract)
Product Code	CME Globex: DY CME ClearPort: DY Clearing: DY
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 Dry Whey price for that contract month. (LTD 12:10 p.m.)
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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