CME Group Milk Class IV

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Milk Class IV futures
Exchange CME Group
Settlement Cash settled
Contract Size 200,000 lbs of Class IV milk
Pricing Unit 1 point = $.01 per hundredweight = $20 per contract
Tick Value $0.01 per cwt (= $20.00 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 Class IV 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 GDK
Price Limits N/A N/A
 
Milk Class IV options
Trade Unit One futures contract
Point Value 1 point = $.01 per hundredweight = $20 per contract
Tick Value
  • Full Tick: $0.01 per cwt (= $20.00 per contract)
  • Half tick: $0.005 per cwt (= $10.00 per contract)
Option Months 24 Calendar Months
Strike Prices Need strike price description!
  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 DZ GDK
Price Limits N/A N/A

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