Cash-settled Butter Futures - Contract Specs
| Contract Unit | 20,000 pounds (˜9 metric tons) |
|---|---|
| Price Quotation | U.S. 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 = $5.00 |
| Product Code | CME Globex: CB CME ClearPort: CB Clearing: CB |
| Listed Contracts | Monthly contracts listed for 24 consecutive months |
| Settlement Method | Financially Settled |
| Termination of Trading | Trading terminates at 12:10 p.m. CT on the business day prior to the USDA announcement of the weighted average price for Butter. |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes |
