Contract Specifications:LB,CME | Trading Unit: | 110,000 bd. feet | | Tick Size: | $.10 per 1,000 bd. ft. ($11.00/contract) | | Initial Margin: | $1,650 Maint Margin: $1,100 | | Contract Months: | Jan, Mar, May, July, Sept, Nov | | First Notice Day: | Business day after last trading date of contract. | | Last Trading Day: | Business day prior to 16th day of the month. | | Trading Hours: | 9:00 a.m. - 1:05 p.m. Chicago time, Mon-Fri.
Trading in expiring contracts closes at 12:05 p.m. on the last trading day. | | Daily Limit: | $10.00 per thousand board feet above or below the previous day's settlement price. | |