stackyFACTS
Economy

When bacon became a Wall Street commodity

HERE’S THE INTERESTING PART

Before crypto bros existed, Wall Street traders were out here aggressively betting on bacon. The Chicago Mercantile Exchange introduced pork belly futures in 1961 so meatpackers could hedge against price volatility, turning literal slabs of pig fat into a high-stakes speculative financial instrument.

When bacon became a Wall Street commodity
STACKY / Economy
One discovery leads to another.

Keep exploring facts in this topic.

Economy →
STACKY FOR IPHONE

A bigger world.
One discovery
at a time.

Keep discovering with Stacky. Interesting facts in an app that is always within reach.

Download on the App Store
ONE MORE DISCOVERY?

Keep exploring

All in this topic →
Why traders watch Florida weather for orange juice
Economy

Why traders watch Florida weather for orange juice

If you've ever seen the movie Trading Places, you might think it's a joke, but the frozen concentrated orange juice market is terrifyingly real. Because…

Discover more
Commodities traders at the Chicago Mercantile Exchange spent decades literally screaming at each other in trading pits to buy and sell pork belly futures, essentially betting…
Economy

Commodities traders at the Chicago Mercantile Exchange spent decades literally screaming at each other in trading pits to buy and sell pork belly futures, essentially betting…

Commodities traders at the Chicago Mercantile Exchange spent decades literally screaming at each other in trading pits to buy and sell pork belly futures,…

Discover more
How investors buy oil they never see
Economy

How investors buy oil they never see

Investors frequently purchase thousands of units of unrefined petroleum on paper without ever actually seeing a single drop of the thick black liquid.

Discover more
The two most traded commodities are oil and coffee
Economy

The two most traded commodities are oil and coffee

The modern global economy is entirely dependent on two very specific dark liquids: one that fuels our combustion engines, and another that fuels our tired…

Discover more
When oil traders lost everything without owning any oil
Economy

When oil traders lost everything without owning any oil

Reading the prospectus is usually a good idea before buying paper oil on your smartphone app. During the 2020 pandemic crash, amateur traders flooded into…

Discover more
A bottle of tequila starts with a seven-year-old plant
Economy

A bottle of tequila starts with a seven-year-old plant

Margaritas require extreme botanical sacrifice. A blue agave plant takes seven long years to swell with enough starches to make alcohol. Once perfectly ripe,…

Discover more
StackyMore discoveries in the app
Download on the App Store