Class III Milk Options - Contract Specs
| Contract Unit | 1 futures contract for 200,000 pounds (2,000 hundredweight (cwt.)) |
|---|---|
| Minimum Price Fluctuation | 0.01 per cwt. = $20.00 |
| Price Quotation | U.S. dollars and cents per cwt. |
| Trading Hours | CME Globex: Sunday 5:00 p.m. - Friday 1:55 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 p.m. CT 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 |
| Product Code | CME Globex: DC CME ClearPort: DA Clearing: DA |
| Listed Contracts | Monthly contracts listed for 24 consecutive months |
| 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 Class III Milk. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Settlement Method | Deliverable |
| Underlying | Class III Milk Futures |
