Contract Unit |
1 futures contract for 44,000 pounds |
Minimum Price Fluctuation |
Outright: |
0.00025 per pound = $11.00 |
HALF TICK |
0.000125 per pound = $5.50 |
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. |
Open Outcry: |
MON-FRI: 9:05 a.m. - 1:12 p.m. (LTD 12:10 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 |
Product Code |
CME Globex: DYCME ClearPort: DYOpen Outcry: DYClearing: DY |
Listed Contracts |
Monthly contracts listed for 24 consecutive months
|
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.
|
Position Limits |
CME Position Limits |
Exchange Rulebook |
CME 57A |
Block Minimum |
Block Minimum Thresholds |
Price Limit Or Circuit |
Price Limits |
Vendor Codes |
Quote Vendor Symbols Listing |
Strike Price Listing Procedures |
Strikes listed for 50% of the underlying settlement price above and below the at-the-money strike at $0.01 per pound increments in all months and additional strikes listed for 25% of the underlying settlement price above and below the at-the-money strike at $0.005 per pound increments in the nearest 2 months. |
Exercise Procedure |
American Style See CME Rule 57A02 |
Settlement Method |
Deliverable |
Underlying |
Dry Whey Futures |