| CME Class IV Milk Futures |
| Trade Unit |
200,000 lbs of Class IV milk |
| Point Descriptions |
1 point = $.01 per hundredweight = $20 per contract |
| Contract Listing |
Twenty-four consecutive months on a monthly cycle. |
| Strike Price Interval |
N/A |
| Product Code |
Clearing=DK
Ticker=DK
Globex=GDK
|
| Trading Venue: Floor |
| Hours |
9:20 a.m.-1:10 p.m.
LTD(12:10 p.m. If the LTD is on a day that the market closes early, then the time is 11:10 a.m.)^ |
| Listed |
All listed series |
| Strike |
N/A |
| Limits |
There shall be no trading at a price more than $0.75 per hundredweight above or below the previous day's settlement price. See Rule 11802.D |
| Minimum Fluctuation |
Regular |
0.01=$20.00 |
| 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.
(12:10 p.m.LTD) |
| Listed |
N/A |
| Strike |
N/A |
| Limits |
Same as Floor |
| Minimum Fluctuation |
Regular |
0.01=$20.00 |
