Contract Unit 44,000 lbs. of Dry Whey ( ˜20 metric tons)
Price Quotation 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 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