Frozen pork belly futures

A frozen pork belly futures contract consists of 40,000 pounds of frozen pork bellies, cut and trimmed, where 1 point = $.0001 per pound ($4.00). Historically, wide price swings are not unusual in trading pork belly futures; where trading has been accentuated by speculative interests in the past but do not trade in the large size volume as they once did. Hog futures fell Thursday ahead of a government report that showed frozen pork belly stocks last month dropped to a record low. In a report released after the markets closed, the U.S. Department of Agriculture said that stocks of pork bellies in commercial freezers fell almost 60% in May Chicago Mercantile Exchange (CME) began trading Frozen Pork Belly futures in 1961 - the first futures contract based on frozen, stored meats. A hog has two belly slabs that usually weigh 8-18 pounds depending on the commercial slaughter weight which usually averages about 255 pounds and the dressed carcass averages about 190 pounds. Frozen Pork Belly Futures Continuous Contract Seasonality Analysis has revealed that with a buy date of July 18 and a sell date of March 24, investors have benefited from a total return of 424.77% over the last 10 years. But pork belly futures trading peaked in the 1980s, and as people started eating more bacon and other pork products year-round, there was less need to sock frozen bellies away in cold storage, and therefore less need for a frozen pork belly contract. By the beginning of this decade, the pork belly contract was effectively obsolete. Frozen Pork Bellies options Trade Unit One futures contract Point Value 1 point = $.0001 per pound = $4.00 Tick Value Regular: 0.00025 = $10.00 Cab: 0.000125 = $5.00 Option Months Five months of Feb, Mar, May, Jul, Aug, and Flex Options. Strike Prices Need strike price description! No Open Outcry Electronic Trading Hours N/A

Nov 22, 2019 Underscoring the need for strong U.S. pork exports, the USDA reported frozen stocks of pork bellies at 45.920 million pounds, up 72% from a

CME Frozen Pork Bellies futures prices are quoted in dollars and cents per pound and are traded in lot sizes of 40000 pounds (18 metric tons). Exchange & Aug 12, 2019 Before the advent of a transparent futures market for pork bellies, pork Since pork bellies can be frozen for up to a year, the idea made

Commodities: Futures Prices of Frozen Pork Bellies Rise Sharply in Heavy Trading; ACTIVITY CREDITED TO HOG ESTIMATE; Domestic Sugar Contracts

But pork belly futures trading peaked in the 1980s, and as people started eating more bacon and other pork products year-round, there was less need to sock frozen bellies away in cold storage, and therefore less need for a frozen pork belly contract. By the beginning of this decade, the pork belly contract was effectively obsolete. Frozen Pork Bellies options Trade Unit One futures contract Point Value 1 point = $.0001 per pound = $4.00 Tick Value Regular: 0.00025 = $10.00 Cab: 0.000125 = $5.00 Option Months Five months of Feb, Mar, May, Jul, Aug, and Flex Options. Strike Prices Need strike price description! No Open Outcry Electronic Trading Hours N/A

Ability of Large Traders in the Frozen Pork Bellies Futures Market.” Proceedings of the NCR-134 Conference on Applied Commodity Price. Analysis, Forecasting

CME Group Frozen Pork Bellies. From MarketsWiki. Jump to: navigation, search. Become a sponsor » CME Group delisted pork belly futures as of July 15, 2011 because volume was too low and volatility too high. Frozen Pork Bellies futures Exchange CME Group: Settlement Physically delivered

Futures tend to trade at a discount to the cash market for fresh bellies for the July and. August contracts, reflecting the fact that frozen bellies normally are not