The futures hold a new climate of opportunity for corn, ethanol and livestock producers.
CME Group this week announced the launch of Distillers’ Dried Grain agricultural commodity futures contracts, scheduled to begin trading April 26. Information about the new contract was released during the Renewable Fuels Association’s National Ethanol Conference in Orlando where CME Group was a sponsor.
Distillers’ Dried Grains, a byproduct of corn-produced ethanol, is used for animal feed, including livestock and dairy cows. 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 to hedge their ethanol refining margin in combination with corn, natural gas and ethanol futures.
The contracts will be listed with the Chicago Board of Trade and more information is available on the CME Group commodities website.