Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
Class III Milk
Options on Class III Milk futures provide a way to:
- Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of Class III Milk
- Take advantage of arbitrage and spread opportunities with other dairy products
- Utilize some strategies to allow hedgers to reduce or even eliminate price level risk while retaining the opportunity to improve their purchase or selling price
- Trade based on price movement, spreads or market volatility
- Manage price risk across a series of contracts in a single transaction using packs functionality
Things to Know:
- You can view free electronic real-time price quotes on Class III Milk options, including:
- Best bids and offers
- Daily trading activity
- Outright and spread markets
- Top packs and bundles
- Contracts trade virtually 24 hours a day on the CME Globex electronic trading platform and side by side during regular trading hours on the trading floor
- Electronically traded Class III Milk options offer:
- Direct participation in the trading process
- Greater pricing efficiency
- Millisecond response time
- Dedicated market makers
- Implied spread functionality
- Sign up for free daily email commentary on CME Group Dairy markets by visiting www.dailydairyreport.com
View free real-time quotes on a variety of electronically traded CME Group products
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
| Trade Unit | One Milk (Class III)Futures contract | ||||
| Settle Method | Delivery | ||||
| Point Size | 1 point = $.01 per hundred weight=$20 per contract | ||||
| Strike Price Interval | |||||
| Strike | |||||
| Limits/Price Banding | n/a | ||||
| Tick Size (Minimum Fluctuation) |
|
||||
| Trading Hours | Mon-Thurs 9:05 a.m.-4:00 p.m. Shutdown period from 4:00 p.m.-5:00 p.m. ReOpen 5:00 p.m.-4:00 p.m. Friday, Close at 1:30 p.m. (12:10 p.m. on the last day of trading) | ||||
| Listed | |||||
| Product Codes | Clearing=DA Ticker=DA Globex=DC | ||||
| Minimum Block Size | |||||
| Product Calendar | Twenty-four consecutive months on a monthly cycle and Flex® Options View current product listings |
| Trade Unit | One Milk (Class III)Futures contract | ||||
| Settle Method | Delivery | ||||
| Point (Tick) Size | 1 point = $.01 per hundred weight=$20 per contract | ||||
| Strike Price Interval | |||||
| Strike | All listed intervals | ||||
| Limits/Price Banding | none | ||||
| Minimum Fluctuation |
|
||||
| Trading Hours | 9:05 a.m.-1:12 p.m. | ||||
| Listed | |||||
| Product Codes | Clearing=DA Ticker=DA Globex=DC | ||||
| Minimum Block Size | |||||
| Product Calendar | Twenty-four consecutive months on a monthly cycle and Flex® Options View current product listings |
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| AUG08 | DAQ08 | 09/01/2006 |  |
09/04/2008 | 09/05/2008 |
| SEP08 | DAU08 | 09/29/2006 | |
10/02/2008 | 10/03/2008 |
| OCT08 | DAV08 | 11/03/2006 | |
10/30/2008 | 10/31/2008 |
| NOV08 | DAX08 | 12/01/2006 | |
12/04/2008 | 12/05/2008 |
| DEC08 | DAZ08 | 01/05/2007 | |
12/31/2008 | 01/02/2009 |
| JAN09 | DAF09 | 02/02/2007 | |
01/29/2009 | 01/30/2009 |
| FEB09 | DAG09 | 03/02/2007 | |
02/26/2009 | 02/27/2009 |
| MAR09 | DAH09 | 03/30/2007 | |
04/02/2009 | 04/03/2009 |
| APR09 | DAJ09 | 05/04/2007 | |
04/30/2009 | 05/01/2009 |
| MAY09 | DAK09 | 06/01/2007 | |
06/04/2009 | 06/05/2009 |
| JUN09 | DAM09 | 06/29/2007 | |
07/02/2009 | 07/06/2009 |
| JUL09 | DAN09 | 08/03/2007 | |
07/30/2009 | 07/31/2009 |
| AUG09 | DAQ09 | 08/31/2007 | |
09/03/2009 | 09/04/2009 |
| SEP09 | DAU09 | 10/05/2007 | |
10/01/2009 | 10/02/2009 |
| OCT09 | DAV09 | 11/02/2007 | |
10/29/2009 | 10/30/2009 |
| NOV09 | DAX09 | 11/30/2007 | |
12/03/2009 | 12/04/2009 |
| DEC09 | DAZ09 | 01/04/2008 | |
12/31/2009 | 01/04/2010 |
| JAN10 | DAF10 | 02/01/2008 | |
02/04/2010 | 02/05/2010 |
| FEB10 | DAG10 | 02/29/2008 | |
03/04/2010 | 03/05/2010 |
| MAR10 | DAH10 | 04/04/2008 | |
04/01/2010 | 04/05/2010 |
| APR10 | DAJ10 | 05/02/2008 | |
04/29/2010 | 04/30/2010 |
| MAY10 | DAK10 | 05/30/2008 | |
06/03/2010 | 06/04/2010 |
| JUN10 | DAM10 | 07/03/2008 | |
07/01/2010 | 07/02/2010 |
| JUL10 | DAN10 | 08/01/2008 | |
07/29/2010 | 07/30/2010 |
| Contract Month | Product Code | First Trade Date | Last Trade Date> | Settlement Date | |
| AUG10 | DAQ10 | 09/05/2008 | |
09/02/2010 | 09/03/2010 |
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
|
Daily Cash Cheese |
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership