QUOTE AND NEWS
Wall Street Journal  Feb 17  Comment 
Milk futures and options activity has soared, as farmers and food companies pile in, looking to protect themselves after a recent drop in prices, following a surge last year.
CNNMoney.com  Jan 4  Comment 
The commodity which enjoyed the biggest gain in price last year can be answered with a simple question: Got milk?
Mondo Visione  Jul 19  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges that Ecoval Dairy Trade, Inc. (Ecoval), of Wayne, Pa., attempted to manipulate the daily settlement prices of Non Fat Dry Milk (NFDM)...
Agrimoney.com  Jun 3  Comment 
The dairy contracts being established by exchanges worldwide are crucial helping the industry crop with greater price swings, the UN says
Bloomberg  Dec 21  Comment 
Milk futures will extend their rally next year, jumping 39 percent on average, as reductions in the U.S. dairy herd erase a surplus that sent prices to a six-year low, a University of Missouri economist said.
Agrimoney.com  Sep 18  Comment 
EU agriculture chief Mariann Fischer Boel says dairy futures may "help make prices more transparent" as pressure mounts for farm support
Agrimoney.com  Sep 17  Comment 
EU agriculture chief Mariann Fischer Boel says dairy futures may "help make prices more transparent" as pressure mounts for farm support




 

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

Milk when referred to as a commodity generally means cow's milk, specifically Class III Milk. Milk Class III futures are traded on the Chicago Mercantile Exchange under ticker symbol DA in cents per hundredweight. For electronic trading sessions, the symbol DC is used.[1]

The chart at left shows front-month Milk Class III futures prices on the Chicago Mercantile Exchange (CME) in cents per hundredweight.

Delivery Dates

Milk Class III futures are delivered in every month of the year.[1] The following is a table with Milk Class III futures delivery dates and resultant tickers for 2012. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2012DAF12DA/F12-CM
February, 2012DAG12DA/G12-CM
March, 2012DAH12DA/H12-CM
April, 2012DAJ12DA/J12-CM
May, 2012DAK12DA/K12-CM
June, 2012DAM12DA/M12-CM
July, 2012DAN12DA/N12-CM
August, 2012DAQ12DA/Q12-CM
September, 2012DAU12DA/U12-CM
October, 2012DAV12DA/Q12-CM
November, 2012DAX12DA/X12-CM
December, 2012DAZ12DA/Z12-CM

Contract Specifications

Contract Size

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

Deliverable Grades

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

See Also

References

  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 III 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