Milk Class IV futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November, & December.
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|
One Milk Class IV futures contract on the Chicago Mercantile Exchange is 200,000 pounds.
$0.75 per cwt above or below the previous day's settlement price.
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.).
Deliverable Milk Class IV grades for futures contracts on the Chicago Mercantile Exchange are: Class IV Milk.