Class III Milk Futures & Options
Class III milk is milk priced for cheese production — the most liquid U.S. dairy contract and the core hedging tool for American dairy farmers.
Trading the Class III Milk Contract
Dairy, commodity indexes, steel, iron ore, uranium, and specialty contracts.
Beyond the headline markets, dairy, index, and industrial commodity exposure each carry their own risk profiles — and each has established hedging instruments that this library explains.
Whether you hedge commercial exposure or study the market, you do not have to figure it out alone. AgriculturalHedging.com's education library explains the contract and its risks, and its partner network connects you with qualified, registered organizations that serve class iii milk markets.
Find a Qualified ProviderContract Specifications
| Exchange | CME®-G |
|---|---|
| Contract Size | 200,000 lbs. |
| Contract Months | All 12 months |
| Trading Hours | 9:05-13:10; Globex® 17:00 Sun – 13:55 Fri, daily stop 16:00-17:00 (Central Time) |
| Minimum Fluctuation | 1¢/cwt. = $20.00 |
| Daily Limit | 75¢/cwt. = $1,500 |
Contract specifications change. Always confirm current specs with the exchange before trading.
Tools & Resources
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Class III Milk Futures FAQ
What is the Class III Milk futures contract?
Class III milk is milk priced for cheese production — the most liquid U.S. dairy contract and the core hedging tool for American dairy farmers. The contract trades on CME®-G with a contract size of 200,000 lbs..
How can I hedge Class III Milk price risk?
Beyond the headline markets, dairy, index, and industrial commodity exposure each carry their own risk profiles — and each has established hedging instruments that this library explains. Qualified hedging providers can be found through the AgriculturalHedging.com partner network.
How do I start trading Class III Milk futures?
Futures accounts are opened with registered firms — futures commission merchants and introducing brokers. AgriculturalHedging.com explains the contract, the margin, and the risks so you can evaluate providers and get started prepared.
Learn or Hedge Class III Milk with Qualified Help
AgriculturalHedging.com turns commodity complexity into plain language — and connects you with registered organizations that serve class iii milk markets.