CME trading of dried distillers grains (DDGs) futures contracts begins April 26. The electronically traded and physically delivered futures contracts can be used by livestock and ethanol producers, commercial corn interests, and others to lock in the price of feed or hedge their ethanol-refining margin in combination with corn, natural gas and ethanol futures.
Each contract is equivalent to 100 short tons of DDGs. Deliverable grades must include a minimum of 26% protein and 8% fat and a maximum of 12% fiber content and 11.5% moisture content. For more information visit www.cmegroup.com.