SPOT NONFAT DRY MILK - CONTRACT SPECS

CONTRACT SIZE

41,000 - 45,000 lbs. of Nonfat Dry Milk ( ˜˜18 - 20 metric tons)

PRODUCT DESCRIPTION

Nonfat Dry Milk - Grade A

PRICING UNIT

Cents per pound

TICK SIZE (MINIMUM FLUCTUATION)

$0.0025 per pound (= $102.50 - $112.50 per contract)

TRADING HOURS

CME Direct Auction Platform

MON–FRI: 11:30 a.m. – 11:40 a.m.

LAST TRADE DATE / TIME VIEW CALENDAR

None

CONTRACT MONTHS VIEW LISTINGS

None

SETTLEMENT PROCEDURE

Dairy Spot Call Settlement Procedure

TICKER SYMBOLS

View Product Codes
View Vendor Codes

RULEBOOK CHAPTER

12

EXCHANGE RULE

These contracts are listed with, and subject to, the rules and regulations of CME.

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

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