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: DYCME ClearPort: DYClearing: 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 |