Class IV Milk Futures


This article is about Class IV milk. For Class III milk, see the article on Milk Futures. For dairy prices in general, see Dairy Prices.

Milk Class IV futures are traded on the Chicago Mercantile Exchange under ticker symbol DK in cents per hundredweight. For electronic trading sessions, the symbol GDK is used.[1]

Delivery Dates

Milk Class IV futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November, & December.[1]

The following is a table with Milk Class IV futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009DKF9DK/F9-CM
February, 2009DKG9DK/G9-CM
March, 2009DKH9DK/H9-CM
April, 2009DKJ9DK/J9-CM
May, 2009DKK9DK/K9-CM
June, 2009DKM9DK/M9-CM
July, 2009DKN9DK/N9-CM
August, 2009DKQ9DK/Q9-CM
September, 2009DKU9DK/U9-CM
October, 2009DKV9DK/Q9-CM
November, 2009DKX9DK/X9-CM
December, 2009DKZ9DK/Z9-CM

Contract Specifications

Contract Size

One Milk Class IV futures contract on the Chicago Mercantile Exchange is 200,000 pounds.[1]

Daily Price Limit

$0.75 per cwt above or below the previous day's settlement price.[1]

Trading Hours

  • On the CME Globex electronic platform: Monday 9:05 AM through Friday 1:55 PM with daily trading halts from 4:00 PM - 5:00 PM, US Central Time.[1]
  • Open Outcry (pit session): Monday through Friday, 9:05 AM to 1:00 PM.[1]

Last Trading Day

Trading of Milk Class IV futures contracts on the Chicago Mercantile Exchange ends on the business day immediately preceding the day on which the USDA announces the Class IV price for that contract month. (LTD 12:10 p.m.).[1]

Deliverable Grades

Deliverable Milk Class IV grades for futures contracts on the Chicago Mercantile Exchange are: Class IV Milk.[1]


  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The Chicago Mercantile Exchange's contract specification for Milk Class IV futures
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki