Pork Bellies

A cut of pork that comes from the belly of a pig. Pork bellies were traded in the futures market, as they are important components of meat products, such as bacon. Trading in pork bellies futures began in 1961 on the Chicago Mercantile Exchange (CME), and allowed meat packers to hedge the volatile pig market.

Pork bellies became the iconic commodity for the futures market's representation in popular culture, and has been mentioned in a variety of films relating to investing, such as "Trading Places". While they were a major future traded for decades, their waning popularity in trading led to the CME to halting trading in 2011.

Investment dictionary. . 2012.

Look at other dictionaries:

  • pork bellies — ˈpork ˌbellies noun [plural] FINANCE meat from pigs that is used to make bacon (= a type of salted meat). Pork bellies are one of the Commodities bought and sold on the Chicago Mercantile Exchange …   Financial and business terms

  • pork bellies — / pɔ:k ˌbeliz/ plural noun meat from the underside of pig carcasses used to make bacon, traded as futures on some American exchanges …   Dictionary of banking and finance

  • pin-striped pork bellies — n. Stock market index futures. Example Citations: A few years later, at the launch of the Treasury bill market, the IMM was compared in the press to a bawdy house trying to make money by being more outrageous than its rivals . Not to be left out …   New words

  • Pork belly — The pork belly is the underside of the pig, from which bacon is made in the United States (in other parts of the world, bacon is more often made from back and side meats and bacon made from bellies is referred to as streaky or American Style ).… …   Wikipedia

  • bellies — n. pork bellies; pork belly futures. (Securities markets. Often with the.) □ What are the dec bellies doing? □ Buy the bellies and sell the beans …   Dictionary of American slang and colloquial expressions

  • pork belly — noun side of fresh pork • Hypernyms: ↑side of pork * * * noun : an uncured side of pork * * * a side of fresh pork. [1945 50] * * * pork belly UK US noun [countable/uncountable] [singular …   Useful english dictionary

  • pork belly — UK / US noun [countable/uncountable] Word forms pork belly : singular pork belly plural pork bellies a piece of fresh meat from one side of a pig …   English dictionary

  • pork — porkish, porklike, adj. porkless, adj. /pawrk, pohrk/, n. 1. the flesh of hogs used as food. 2. Informal. appropriations, appointments, etc., made by the government for political reasons rather than for public benefit, as for public buildings or… …   Universalium

  • Salt pork — is a pork product made from pork bellies, cured with salt as a preservative and flavoring. [ [http://www.answers.com/salt%20pork Salt pork] from Answers.com] It is similar to bacon but considerably fattier and saltier. It was long used as a… …   Wikipedia

  • Speculation — Speculator redirects here. For the village, see Speculator, New York. For the Montana mining incident, see Speculator Mine disaster. This article is about the financial term. For other uses, see Speculation (disambiguation). Financial market… …   Wikipedia

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