New pork contract

pork contract

Pork producers and marketers will soon have another tool in their toolbox to hedge against losses in the hog market.

The Chicago Mercantile Ex­­change (CME) Group will launch a pork cutout futures contract next month, in a bid to adapt to the changing hog market. 

The new contract will function similarly to the lean hog contract and will be, according to CME,...

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