Pork Bellies Futures

BBC News  Feb 2  Comment 
Reserves of pork bellies are well down on last year but are in no danger of running out, say farmers.
SeekingAlpha  Jul 28  Comment 
Forbes  May 11  Comment 
While Precious Metals, specifically Gold and Silver have appreciated tremendously since the end of 2015, they aren’t the only Futures Contracts with significant gains. As seen in the Table below, Soybeans (as represented by ZSN6, the July 2016...
SeekingAlpha  Sep 22  Comment 
By Brian Romanchuk: Keynes summarised Say's Law as "supply creates its own demand". That is a subject that is somewhat controversial, but I do not want to discuss that here. Rather, I am interested in what might be called the Anti-Say's Law:...
Forbes  Mar 30  Comment 
Financial markets in the modern age let you trade just about anything, from pork bellies to Pakistani stock futures, and a whole lot more.  On the site, Intrade, markets with varying degrees of activity exist that handicap the occurrence of...
New York Times  Jul 30  Comment 
Gone is the unique belly culture of Chicago and its hard-charging, daring cast of characters.
NPR  Jul 19  Comment 
The life and death of pork-belly futures, explained by a trader in Chicago's meat pit.
Wall Street Sector Selector  Apr 9  Comment 
Filed under: FoodLast year, beef and pork prices were up an average of 6%, hitting carnivores' wallets hard every time they were at the grocery store. With wholesale meat prices already up 25% more than last year, the USDA is now warning consumers...
Agrimoney.com  Apr 8  Comment 
Growing demand for pork bellies, as the likes of Subway champion bacon products, has spurred the hog price rally - and may determine its future


Frozen Pork Bellies futures were traded on the Chicago Mercantile Exchange until July 2012. They were traded under ticker symbol PB in cents per pound, but for electronic trading sessions, the symbol GBP is used.[1]

Pork Bellies are the underside of a pig (the "belly") from which bacon is made. It is one of the two primary types of pork futures contracts commonly traded, the other being Lean Hogs.

The chart at left shows front-month Pork Bellies futures prices on the Chicago Mercantile Exchange (CME) in cents per pounds.

Delivery Dates

Frozen Pork Bellies futures are delivered every year in February, March, May, July, & August.[1]

The following is a table with Pork Bellies futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
February, 2009PBG9PB/G9-CM
March, 2009PBH9PB/H9-CM
May, 2009PBK9PB/K9-CM
July, 2009PBN9PB/N9-CM
August, 2009PBQ9PB/Q9-CM

Contract Specifications

Contract Size

One Frozen Pork Bellies futures contract on the Chicago Mercantile Exchange is 40,000 pounds.[1]

Daily Price Limit

$.03 per pound above or below previous day's settlement price; expandable to $.045 per pound.[1]

Trading Hours

  • On the CME Globex electronic platform: Monday 9:05 AM through Friday 1:55 PM with daily trading halts from 4:00 PM - 5:00 PM, US Central Time.[1]
  • Open Outcry (pit session): Monday through Friday, 9:05 AM to 1:00 PM.[1]

Last Trading Day

Trading of Frozen Pork Bellies futures contracts on the Chicago Mercantile Exchange ends on the business day immediately preceding the last 3 business days of the contract month, 12:00 p.m..[1]

Deliverable Grades

Deliverable Frozen Pork Bellies grades for futures contracts on the Chicago Mercantile Exchange are: 12-18 pound frozen pork bellies.[1]


  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The Chicago Mercantile Exchange's contract specification for Frozen Pork Bellies futures
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