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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
Frozen Pork Bellies futures are traded on the Chicago Mercantile Exchange under ticker symbol PB in cents per pound. 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, 2009 | PBG9 | PB/G9-CM |
| March, 2009 | PBH9 | PB/H9-CM |
| May, 2009 | PBK9 | PB/K9-CM |
| July, 2009 | PBN9 | PB/N9-CM |
| August, 2009 | PBQ9 | PB/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]
References
- ↑ 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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