Frozen Pork Meaning:
In commodity market terminology, Frozen Pork generally refers to Frozen Pork Bellies, which is the source of bacon. Pork bellies can be kept frozen for a long period of time and frozen pork bellies are the basis for the actively-traded Pork Bellies futures contract traded on the Chicago Mercantile Exchange.
Frozen Pork Bellies futures contracts are for 40,000 pounds or 18 metric tons of deliverable-grade 12- to 18-pound frozen pork bellies. The futures are traded by open outcry on the floor of the Chicago Mercantile Exchange from 9:05 AM to 1:55 PM Monday thru Friday, as well as on the electronic Globex platform.