Products & Trading » Commodities » Nonfat Dry Milk
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Nonfat Dry Milk

Product Overview

Nonfat Dry Milk futures provide a way to:

  • Engage in price discovery for Nonfat Dry Milk, a by-product derived from manufacturing butter
  • Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of Nonfat Dry Milk
  • Evaluate or reflect on both the current and future supply and demand situation for Nonfat Dry Milk and related dairy products
  • Take advantage of arbitrage and spread opportunities with other dairy products
  • Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in Nonfat Dry Milk
  • Manage price risk across a series of contracts in a single transaction using packs functionality
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General News & Announcements for Agricultural Commodity
RSS

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


CME Product Market Data
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Contract Specification View
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Trade Unit 44,000 pounds of Grade A and Extra Grade Dry Milk
Settle Method Cash Settled
Point Size 1 point = $.01 per hundred weight = $44 per contract
Strike Price Interval
Strike
Limits/Price Banding Same as Floor
Tick Size (Minimum Fluctuation)
Regular0.00025=$11.00
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.LTD)
Listed
Product Codes Clearing=NF Ticker=NF Globex=GNF
Minimum Block Size
Product Calendar 24 consecutive months on a monthly cycle.
View current product listings
Trade Unit 44,000 pounds of Grade A and Extra Grade Dry Milk
Settle Method Cash Settled
Point (Tick) Size 1 point = $.01 per hundred weight = $44 per contract
Strike Price Interval
Strike
Limits/Price Banding $0.025/lb, 250 points ($1100), Expanded Limits $0.05 cents
Minimum Fluctuation
Regular0.00025=$11.00
Trading Hours 9:05 a.m.-1:10 p.m.
Listed
Product Codes Clearing=NF Ticker=NF Globex=GNF
Minimum Block Size
Product Calendar 24 consecutive months on a monthly cycle.
View current product listings
General News & Announcements for Agricultural Commodity
RSS

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


Contracts Currently Eligible to Trade and Recently Expired Contracts
Contract Month Product Code First Trade Date Last Trade Date Settlement Date
AUG08 NFQ08 08/24/2007 Add to Outlook 09/04/2008 09/05/2008
SEP08 NFU08 08/24/2007 Add to Outlook 10/02/2008 10/03/2008
OCT08 NFV08 08/24/2007 Add to Outlook 10/30/2008 10/31/2008
NOV08 NFX08 08/24/2007 Add to Outlook 12/04/2008 12/05/2008
DEC08 NFZ08 08/24/2007 Add to Outlook 12/31/2008 01/02/2009
JAN09 NFF09 08/24/2007 Add to Outlook 01/29/2009 01/30/2009
FEB09 NFG09 08/24/2007 Add to Outlook 02/26/2009 02/27/2009
MAR09 NFH09 08/24/2007 Add to Outlook 04/02/2009 04/03/2009
APR09 NFJ09 08/24/2007 Add to Outlook 04/30/2009 05/01/2009
MAY09 NFK09 08/24/2007 Add to Outlook 06/04/2009 06/05/2009
JUN09 NFM09 08/24/2007 Add to Outlook 07/02/2009 07/06/2009
JUL09 NFN09 08/24/2007 Add to Outlook 07/30/2009 07/31/2009
AUG09 NFQ09 08/31/2007 Add to Outlook 09/03/2009 09/04/2009
SEP09 NFU09 10/05/2007 Add to Outlook 10/01/2009 10/02/2009
OCT09 NFV09 11/02/2007 Add to Outlook 10/29/2009 10/30/2009
NOV09 NFX09 11/30/2007 Add to Outlook 12/03/2009 12/04/2009
DEC09 NFZ09 01/04/2008 Add to Outlook 12/31/2009 01/04/2010
JAN10 NFF10 02/01/2008 Add to Outlook 02/04/2010 02/05/2010
FEB10 NFG10 02/29/2008 Add to Outlook 03/04/2010 03/05/2010
MAR10 NFH10 04/04/2008 Add to Outlook 04/01/2010 04/05/2010
APR10 NFJ10 05/02/2008 Add to Outlook 04/29/2010 04/30/2010
MAY10 NFK10 05/30/2008 Add to Outlook 06/03/2010 06/04/2010
JUN10 NFM10 07/03/2008 Add to Outlook 07/01/2010 07/02/2010
JUL10 NFN10 08/01/2008 Add to Outlook 07/29/2010 07/30/2010
Contracts Not Yet Eligible to Trade
Contract Month Product Code First Trade Date Last Trade Date> Settlement Date
AUG10 NFQ10 09/05/2008 09/02/2010 09/03/2010
General News & Announcements for Agricultural Commodity
RSS

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