CME Group Inc. has dropped its iconic frozen pork bellies contracts after a 50-year run that made it an icon of the global derivatives industry.
CME delists frozen pork bellies
CME Group Inc. has dropped its iconic frozen pork bellies contracts after a 50-year run that made it an icon of the global derivatives industry. The Chicago-based exchange operator said it would delist futures and options on pork bellies after volume in recent years fell to just a handful of contracts per month, despite efforts to revive a business once among its most heavily traded, according to Dow Jones.
"We continue to work with our meat-sector customers and other market participants to identify new products to address their risk-management needs," said a CME spokesman.