FACTBOX-Specs for CME Group's DDGs futures contract

March 9 (Reuters) - CME Group (CME.O) will launch its
distillers' dried grain with solubles (DDGs) futures contract
on April 26.

The contract will allow makers of corn-based ethanol to
hedge their risk, but the true measure of its success would be
its ability to attract deep-pocketed traders looking for
investment opportunities. [ID:nN09179073]

Ethanol production was up 20 percent last year and so too
was the production of its byproduct distillers' grain, an
increasingly popular animal feed.

Here are some of the contract specifications, as laid out
by the CME Group, the world's largest derivatives exchange:

* Deliverable product: 100 short tons (90.72 tonnes)

* Protein content: 26 percent minimum

* Fat content: 8 percent minimum

* Fiber: 12 percent maximum

* Moisture: 11.5 percent maximum

* Buyers may request that DDGs deliveries contain 5 parts
per million (ppm) vomitoxin but testing done at buyer's
expense

* Tick size: 10 cents per short ton ($10 per contract)

* Daily limit: $20 per per unit of trading ($2,000 per
contract) above or below previous day's settlement

* Trading hours: DDGs will trade only on the CME Group's
electronic trading platform, Globex, from 6 p.m. to 7:15 a.m.
CST and 9:30 a.m. to 1:15 p.m. CST, Sunday through Friday

* Last trading day is the business day prior to the 15th
calendar day of the contract month

* Each calendar month will be contract month for DDGs
futures

* Will trade under symbol DDG

Source: CME Group

(Compiled by Michael Hirtzer; Editing by Lisa Shumaker)