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|English to English translations [Non-PRO]|
|English term or phrase: porkbellies|
|fatty flesh of the hog's abdominal wall, back and sides around the stomach|
Klaus is mostly right except for the "stomach" part. "Pork bellies" are not the stomach of the hog, but rather the fatty flesh of the abdominal wall, back and sides around the stomach. The stomach itself would be the raw material for a less-than-appetizing dish that is a favorite of former German Chancellor Helmut Kohl.
You've heard of "makin' bacon", "saving someone's bacon", and "bringing home the bacon". If you want to take part in any of these activities, you can start with smoked "pork bellies".
We have all seen this term spelled both ways, as one word or two. The two-word spelling, "pork bellies", draws about 40 times the Internet search hits, including the Chicago Mercantile Exchange, who oughta know:
"Chicago Mercantile Exchange (CME) began trading Frozen Pork Belly futures in 1961 – the first futures contract based on frozen, stored meats. Trading in Frozen Pork Bellies contracts was developed as a risk management device to meet the needs of meat packers who processed pork and had to contend with volatile hog prices as well as price risks on processed products held in inventory. Thus, the futures contract was designed to help processors and warehouse operators manage these price risks. Hence, the Frozen Pork Bellies futures contract performs the same two primary functions common to many futures contracts, that of: guiding inventories and establishing forward pricing."
"Pork Bellies - One of the major cuts of the hog carcass that, when cured, becomes bacon."
This commodities markets item is also sometimes inaccurately referred to as "sow bellies".
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Local time: 10:22
|Your explanation was similar, but more thorough, for someone|
just getting familiar with securities. Appreciate your time
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