Frozen Pork
Frozen Pork Meaning:
In commodity market terminology, Frozen Pork generally refers to Frozen Pork Bellies, which is the source of bacon. Pork bellies can be kept frozen for a long period of time and frozen pork bellies are the basis for the actively-traded Pork Bellies futures contract traded on the Chicago Mercantile Exchange.
In commodity market terminology, Frozen Pork generally refers to Frozen Pork Bellies, which is the source of bacon. Pork bellies can be kept frozen for a long period of time and frozen pork bellies are the basis for the actively-traded Pork Bellies futures contract traded on the Chicago Mercantile Exchange.
Frozen Pork Bellies futures contracts are for 40,000 pounds or 18 metric tons of deliverable-grade 12- to 18-pound frozen pork bellies. The futures are traded by open outcry on the floor of the Chicago Mercantile Exchange from 9:05 AM to 1:55 PM Monday thru Friday, as well as on the electronic Globex platform.