Class IV Milk Futures Contract

Contract Size: 200,000 pounds
Product Code: DK
Delivery Months: Every calendar month for 18 months
Last Trading Day: The Exchange business day prior to the day the Class IV for the delivery month is announced which is on a Friday no later than the 5^th of the month following actual production
Minimum Fluctuations: $0.01/cwt ($20/contract)
Daily Price Limits: Maximum movement from previous day's settlement price is $0.75/cwt ($15.00/contract)
Settlement: Cash settlement on the day the Announced Class IV for delivery month is published.
Options Contract?: Yes

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