CME Group Random Length Lumber

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Random Length Lumber futures
Exchange CME Group
Settlement Physically delivered
Contract Size 110,000 bd. ft. of random lengths 2x4s (8' to 20')
Pricing Unit 1 point = $.10 per 1,000 bd. ft. = $11 per contract
Tick Value $.10 per mbf ($11 per contract)
Contract Months Jan, Mar, May, Jul, Sep, Nov
Last Trading Day Business day immediately preceding the 16th calendar day of the contract month, 12:05 p.m.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Monday - Thursday: 9:00 a.m. - 4:00 p.m.

Friday: 9:00 a.m. - 1:55 p.m.

Ticker Symbol N/A LBS
Price Limits N/A $10.00 per thousand board feet above or below the previous day's settlement price. Expanded limits.
 
Random Length Lumber options
Trade Unit One futures contract
Point Value 1 point = $.10 per 1,000 bd. ft. = $11 per contract
Tick Value Full Tick = $.10 per mbf (=$11 per contract);

Half Tick = $.05 per mbf (=$5.50 per contract)

Option Months Regular: Jan, Mar, May, Jul, Sep, Nov

Serial: Feb, Apr, Jun, Aug, Oct, Dec

Strike Prices Need strike price description!
Exercise Style American
  Open Outcry Electronic
Trading Hours Monday - Friday 9:00 a.m. -1:07 p.m. CT Monday - Thursday 9:00am - 4:00pm CT

Friday 9:00am - 1:55pm CT

Ticker Symbol Put: JL Call: KL LBS
Price Limits N/A N/A

Notes

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