| CME Cash-Settled Butter Futures |
| Trade Unit |
20,000 times the USDA monthly weighted average price per pound in the US for Grade AA Butter |
| Point Descriptions |
1 point=.00025 per pound =$5.00 |
| Contract Listing |
Twenty-four(24) consecutive calendar months. |
| Strike Price Interval |
N/A |
| Product Code |
Clearing=CB
Ticker=CB
Globex=CB
|
| Trading Venue: CME® Globex® |
| 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. |
| Listed |
N/A |
| Strike |
n/a |
| Limits |
$.05 per pound expanded to $.10 per pound after one day limit move. No limits during last 5 days of the expiring contract month. |
| Minimum Fluctuation |
Regular |
0.00025=$5.00 |
