Lumber (Pit) - Contract Specifications

• Symbol - LB

• Name - Lumber (Pit)

• Exchange - CME

• Trading Months - F,H,K,N,U,X

• Trading Unit - 110,000 bd ft

• Trading Hours - 9:00a.m. - 1:05p.m. CST

• Tick Size - 10 cents per thou bd ft. $11.00 per contract

• Daily Limit - $10.00 per thousand board feet above or below the previous day's settlement price

• Last Trading Day - Business day immediately preceding the 16th calendar day of the contract month

• Value of one futures unit - $110

• Value of one options unit - $110