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 |