CME Group Dry Whey

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Dry Whey futures
Exchange CME Group
Settlement Cash settled
Contract Size 44,000 pounds Extra Grade (Nonhygroscopic)
Pricing Unit 1 point = $0.01 per hundred pound = $4.40
Tick Value $0.00025 per pound (= $11.00 per contract)
Contract Months 24 Calendar Months
Last Trading Day Trading shall terminate on the business day immediately preceding the day on which the USDA announces the Dry Whey price for that contract month. (LTD 12:10 p.m.)
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 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.
Ticker Symbol N/A DY
Price Limits N/A $0.06 per pound above or below the previous day’s settlement price, with the expandable increasing to $0.08 per pound, then further to $0.12 per pound. No limits in the last 5 days of trading.
 
Dry Whey options
Trade Unit Cents per per pound
Point Value Same as futures contract
Tick Value
  • Full TIck: $0.00025 per pound (= $11.00 per contract)
  • Half Tick: $0.000125 per pound (= $5.50 per contract)
Option Months Monthly contracts listed for 24 consecutive months
Strike Prices All Contract Months: $0.01 intervals, 2 nearest months $0.005 intervals
Exercise Style American
  Open Outcry Electronic
Trading Hours MON-FRI: 9:05 a.m. - 1:12 p.m. (LTD 12:10 p.m.) 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.
Ticker Symbol DY0 DY
Price Limits N/A N/A

Notes

Also See

CME Group commodity products

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