What are pork futures?
Pork Bellies futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of pork bellies (eg. 40000 pounds) at a predetermined price on a future delivery date.
How do I invest in pork futures?
You can invest in hogs in two ways: through a lean hog futures contract (which is a contract for the hog’s carcass), and through pork bellies (the traders’ way of saying “bacon”).
How is pork traded?
Pork bellies are most commonly bought in the form of futures contracts on commodity exchanges. However, some pork bellies can be purchased on the stock market in the form of exchange-traded funds, or ETFs, which allow people to buy commodities in stock form.
How do you trade Lean hog futures?
Lean hog futures contracts are offered through CME on the Globex® trading platform and are available to trade electronically through Schwab. An account approved to trade futures is required in order to trade lean hog futures.
Why are lean hog prices falling?
Reportedly, hog producers rushed to sell, causing prices to decline. From January 2021 to the end of June 2021 live hog prices fell by nearly 65 percent due to increased slaughter, low consumer demand, and an abundance of pork availability in the market. As the price for pork declined, so did piglet prices.
What does lean mean for a hog carcass?
KPH makes up about 3 percent of the total carcass and is a factor used in determining yield grade. Lean – is a term used to express the amount of muscle that is free from fat. A higher percent of lean equals more muscle and less fat.
How much back fat should a pig have?
Depending on breed and frame size of the pig, most animals will achieve the desired level of back fat (10th rib fat) or finish (0.6 to 0.8 inches) and live weight (260 to 280 pounds) between five to six months of age.
Is lean pork good for you?
It is a powerhouse of essential vitamins and minerals — just three ounces of cooked lean pork covers you for more than a third of the daily requirement for thiamin, niacin, selenium and vitamin B6. Plus it is rich in vitamin B12, potassium, iron, magnesium and zinc.
What is the healthiest pork to eat?
If you’re looking for the healthiest pork options, you want lean cuts — tenderloin, loin chops and sirloin roast. Bacon and other fatty cuts are very high in artery-clogging saturated fat and cholesterol and not for everyday eating.
What are the disadvantages of eating pork?
Eating pork products, which are loaded with artery-clogging cholesterol and saturated fat, is a good way to increase your waistline and increase your chances of developing deadly diseases such as heart disease, diabetes, arthritis, osteoporosis, Alzheimer’s, asthma, and impotence.