Milk

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Milk Specifications

Exchange: CME

Contract  Size: 200,000 lbs.

Pricing Unit: cents per hundredweight

Tick Size (minimum fluctuation): $0.01 per cwt (= $20.00 per contract)

Contract Months (Symbols):  All Months

Trading Hours (CME GLOBEX, electronic): 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.

 Trading Hours (Trading Floor): MON-FRI: 9:05 a.m. – 1:10 p.m.

Daily Price Limit: $0.75 per cwt above or below the previous day’s settlement price.

Settlement Procedure: Cash Settlement

Last Trade Date: Trading shall terminate on the business day immediately preceding the day on which the USDA announces the Class III price for that contract month. (LTD 12:10 p.m.)

 Last Delivery Date: