Equivalent CME Contracts

  • The Equivalent CME Contracts is the Effective Pounds converted into CME contracts.

Example

 9,000,000 lbs Class III milk = 45 Class III contracts

 Product         CME Contract Size (lbs)
 Class  III             200,000
 Class IV  		200,000
 Cheese         	20,000
 Butter         	20,000
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