CME Group Nonfat Dry Milk

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Nonfat Dry Milk futures
Exchange CME Group
Settlement Cash settled
Contract Size 44,000 pounds of Grade A and Extra Grade Dry Milk
Pricing Unit 1 point = $.01 per hundred weight = $44 per contract
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 Nonfat Dry Milk 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 GNF
Price Limits N/A N/A
 
Nonfat Dry Milk options
Trade Unit One futures contract
Point Value 1 point = $.01 per hundred weight = $44 per 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 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 NZ GNF
Price Limits N/A N/A

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