The pork belly trade is over. Well, not exactly over, but done with on the Chicago Mercantile Exchange.
The reason: no one is trading frozen pork bellies any more. 50 years ago when the pork belly futures market was created, producers would freeze the cuts in the fall, selling them in the spring to bacon makers for, according to the media, “millions of bacon-lettuce-and-tomato sandwiches.”
Now we eat bacon year round – in everything from the aforementioned sandwiches to bacon donuts. Americans, in fact, consumed 1.7 billion pounds of bacon in 2007.
But this situation begs a few important questions – ones Food+Tech Connect hopes to tease out in the coming weeks, with your help.
Food+Tech Connect would like to hear from you on the subject of bacon. Do you have interesting pork (or meat) data? Ideas for apps? Innovative ways of linking the local meat system better?
Share your ideas below or send them to beth [at] foodtechconnect.com