Items Tagged with 'pork bellies'

A significant part of the belief system throughout JBS S.A., according to Wesley Batista, president and CEO of JBS S.A.’s global operations, is that hard work always makes the difference — that miracles do not occur in the meat and poultry business.

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.

Pork stockpiles in the U.S. rose 13 percent at the end of April from a year earlier, the government said, as adverse weather and high prices reduced demand.