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What are Pork Bellies?

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What are Pork Bellies?

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While many people are familiar with the term “pork bellies” being used in some way with pork belly futures trading, not everyone is aware that the commodity actually does involve the belly of the pig. Pork bellies, as the name implies, come from the underside of the pig or hog. Pigs actually have two stomachs that may weigh ten to eighteen pounds each. These bellies are usually cut into long thick sections, and are flash frozen. Once the pork bellies are frozen, they can be kept for quite a long time and still be used as a food source. There are a number of national cuisine types that utilize the pork belly after marinating and other preparation methods, among them American, Korean, and Chinese. Pork belly futures have their origin with the Chicago Mercantile Exchange, and have been actively traded on the Exchange since 1961. Pork bellies future trading is based on the projections of current supply of frozen pork bellies versus the current rate of demand for the product. The current wo

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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&quot. This cut of meat is enormously popular in Chinese cuisine and Korean cuisine where it is generally marinated and cooked as a whole slab. Pork belly is also used to make sweet and sour pork. Pork bellies and pork belly futures contracts have been traded on the Chicago Mercantile Exchange since 1961. The unit of trading is 20 tons of frozen, trimmed bellies. Pork bellies can be kept in cold storage for an extended period of time, and generally it is the frozen bellies that are most actively traded. Bellies typically weigh around 13 pounds. Prices vary depending on the amount of inventory in cold storage and the seasonal demand for bacon.

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