Chicago meat market

The Chicago meat market, historically centered around the Chicago Mercantile Exchange (CME), is a major hub for buying and selling livestock and meat products like cattle, hogs, and sheep. It serves as a marketplace where producers, traders, and companies establish prices and future delivery dates for meat supplies, helping manage risks and ensure steady availability. While its prominence has declined from its peak in the early 20th century, it remains an important center for meat trading, influencing prices and supply chains across North America.