About CME Frozen Pork Belly Futures

CME® Frozen Pork Belly futures began trading in 1961 – the first futures contract based on frozen, stored meats. Trading in CME Frozen Pork Bellies contracts was developed as a risk management device to meet the needs of meat packers and inventory owners who had to contend with volatile hog price swings. CME Frozen Pork Bellies futures contracts perform the same two primary functions common to many futures contracts – that of guiding inventories and establishing forward pricing.