Bacon Is Back in Chicago as CME Launches New Pork-Belly Index
- Volatility has jumped amid soaring demand, pig-disease spread
- Futures delisted in 2011, decades after ‘Trading Places’ fame
Photographer: Andrew Harrer/Bloomberg
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Almost eight years after CME Group Inc. eliminated its pork belly futures contract, bacon is back on the menu at the world’s largest derivatives exchange.
The bourse is publishing the CME Fresh Bacon Index to provide price transparency for pork packers, processors, wholesalers and retailers, CME said in a statement Monday.