Dairy Futures and Options Tutorial

Dairy Futures Contracts At the Chicago Mercantile Exchange (CME)

Contract Product Symbol Contract Size (lbs) Cash Settlment
Butter Grade AA Butter DB 40,000 NA
Butter-Cash Settled Grade AA Butter CB 20,000 Monthly NASS Butter Price
Dry Whey-Cash Settled Dry Whey, Extra Grade (Nonhygroscopic) DY 44,000 Monthly NASS Dry Whey Price
Class III-Cash Settled Announced Class III DA 200,000 Announced Class III Price
Class IV-Cash Settled Announced Class IV DK 200,000 Announced Class IV Price
Nonfat Dry Milk Grade A and Extra Grade NFDM NF 44,000 NA