Arab Today, arab today cme pork bellies contracts thing of past
Last Updated : GMT 18:22:15
Arab Today, arab today
Arab Today, arab today

CME: Pork bellies contracts thing of past

Arab Today, arab today

Arab Today, arab today CME: Pork bellies contracts thing of past

Chicago - UPI

There is no future in the frozen pork-bellies futures contract market, officials at the Chicago Mercantile Exchange said. Frozen pork bellies are used to make bacon and at one time were an anchor product of the Chicago Mercantile Exchange, which announced Friday it was dropping the contracts, the Financial Times reported. "Because of a prolonged lack of trading volume and after significant discussion with industry participants, CME will be delisting frozen pork bellies futures and options" effective Monday, CME said in a statement to traders. WLS-TV, Chicago, said frozen pork bellies was the oldest existing CME livestock futures contract. It started trading in 1961, but the market has shifted to fresh pork bellies, reducing the demand for the frozen product. The Wall Street Journal said the idea behind the frozen pork bellies contract was to help meat packers and food companies manage the price they pay for bacon. The frozen bellies were stored in winter, then thawed in the summer to supply an increased in demand for bacon as the nation started eating millions of bacon-lettuce-and tomato sandwiches.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cme pork bellies contracts thing of past Arab Today, arab today cme pork bellies contracts thing of past

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cme pork bellies contracts thing of past Arab Today, arab today cme pork bellies contracts thing of past

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday