Pork Bellies Futures
Quotes
Commodity and futures prices like
pork bellies prices are usually quoted the same way prices are quoted in the cash market (physical market). That is, in dollars,
cents, and sometimes fractions of a cent. Different commodities are quoted in different trading units. Pork bellies prices
are quoted per ounce. Be certain you understand the price quotation system for the particular commodity that you consider
trading.
The
CME pork bellies futures contract is a contract for future physical delivery of 40,000 lbs of pork bellies; however,
the vast majority of the futures positions are offset well before delivery. The CME pork bellies futures contract is priced
in dollars and cents per lb. The pork bellies futures trade in $.0001 increments, equivalent to $4.00 per contract.
Example of Futures Quote:
80.75 means $.8075 per lb
Pork Bellies Options Quotes
The
CME pork bellies options contract controls 40,000 lbs of pork bellies based on the underlying futures contract. Strike Prices
are quoted in cents
per pound at intervals of $0.02, e.g. $0.60, $0.62.
Example of Options Quote:
1.125 means $.01125 per lb
$.01125 X 40,000 lbs = $450.00
