Back in the day, in the Chicago Mercantile Exchange, pork belly futures were traded. It was a market that made sense. Year round, pork was produced, the bellies were frozen and in the summer, when demand was high, bellies were defrosted and bacon was produced. So, there was a time lag between the expensive end of production and eventual consumption. This created an opportunity to turn a couple of quid. Weather patterns, political and social attitudes and even religion could have a marked effect on the future price of a bacon, lettuce and tomato sandwich. Traders in brightly coloured jackets, worked the floor of the ‘Belly Pit’ in the Mercantile right up until 2011, squeezing a profit out of pork belly futures.
In today’s world, the Mercantile traders still wear brightly coloured jackets but no longer shout things like “Sell pork bellies, buy oil at 5.36”. They are moving to automated systems to trade everything that has margin potential from grain to the weather. They robotically believe that they know the price of everything, now and in the future. Though the romantic sounding (for some) ‘pork belly futures’ no longer exist, the future value of a nice bit of pork can be enhanced and a dividend can be earned by feeding the family.
Invest in a nice piece of pork belly and let me show you how to prepare Pork with Honey Soy Sauce. This will develop your marginal propensity to consume. If you do this right, you might add some real value to pork bellies and who knows, there may yet be a future in their futures.
Ingredients
- 1.5k (3lb) piece of free range pork belly
- 3 to 4 stalks of lemongrass
- 3 to 4 star anise
- 1 bulb single clove garlic or 4 cloves regular.
- 6 to 8 slices of root ginger
- Teaspoon of mixed peppercorns
- 2 bay leafs
- 2 tablespoons of light soy sauce
- 2 tablespoons of clear honey
Place the belly in a shallow roasting tray. Add the aromatics and water until the belly is nearly covered (By covered, I don’t mean ‘insured against flooding or other natural disasters’. That belongs in a different financial lesson).
Cover the dish with a foil tent and place it into a 200°c (400°F) oven for an hour and a half. This is best done after markets are closed. Not because we are going to do any after-market trading. Because we need to turn the oven off after the bell (oven, not NYSE) and leave overnight to continue cooking on the reducing heat.
While the pork is cooking, mix the soy and honey in a small saucepan an stir over a medium heat until the ingredients combine and reduce by about half (Invest in Bitcoin if you want to see your cash reduce by a half.)
Place the pieces in the oven for 10 minutes or so. Heat the grill to finish off the skin, until crispy. This should take a couple of minutes. You will need to watch it more closely than you would your portfolio during a stock market crash.
Serve the pork, allowing your guests to add as much or as little sauce as they like. They will be impressed. Let the conversation flow. But, keep away from the subject of investment. The wise investors amongst your guests will keep quiet. The ones who should not be heard will dispense investment advice with ease. With about as much ease as you will have cooked the pork. We may not have a Belly Pit in the Mercantile any more. But, we do have a tasty future for pork bellies. Do give it a go.
Ron | 12th June 2018
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I have always known the term “pork belly futures” but never knew the history. Great description. One thing we have in good supply here and of good quality is pork belly. Sidfläsk as we call it is one of my favorites. I really like the recipe you presented today and one I believe will set very well on our supper table soon.
Conor Bofin | Author | 12th June 2018
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Great to hear you have good quality Ron. So much of it is from unfortunate, factory reared, animals who have no life and as a result the end product reflects that. I encourage you to try. It’s a goodie.
Best,
C
Ceallach | 12th June 2018
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Looks amazing – Can’t wait to try!
Conor Bofin | Author | 12th June 2018
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Well worth the little effort required. Do give it a go.
Best,
C
Linda Duffin | 12th June 2018
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That made me smile, thank you. Lovely dish, too.
Conor Bofin | Author | 12th June 2018
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If I can add a little sunshine into your day Linda, that is reward enough fore doing this.
C
Linda Duffin | 14th June 2018
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Always. xxx
Marguerite | 12th June 2018
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Wow, that does look perfectly cooked!
Conor Bofin | Author | 12th June 2018
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Hi Marguerite,
Thanks for the lovely comment. It was pretty good, if you will pardon the self praise!
katechiconi | 12th June 2018
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Sorry to nitpick… But there’s a garlic bulb in the photo and no garlic in the ingredients list, and I know it should be there… That lovely belly looks luscious, lots of the fat rendered out and fabulous blistered crackling. I like the history, too; by the same token, anything that’s preserved and ‘held back’ from its normal season could be sold as a future. Mangoes, for example….
Conor Bofin | Author | 12th June 2018
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I love the idea of being the lead dealer in the Mango Pit on the Dublin Exchange. It would be great fun. Thanks for the heads-up on my garlic. I left it behind in my enthusiasm…
katechiconi | 12th June 2018
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Judging from previous posts, it’d be a commodity almost as valuable as gold…
chef mimi | 12th June 2018
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Lovely. I just cooked a pork belly the last two days. When I looked into cooking one, I was surprised at how many choices there are to cook. Love what you did.
Conor Bofin | Author | 12th June 2018
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Thanks Mimi. Great to hear from you. I am off to meet a mutual acquaintance over in Libourne next week. Looking forward to that.
Best,
Conor
chef mimi | 12th June 2018
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So envious!
StefanGourmet | 12th June 2018
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Interesting cooking technique and great wordplay.
Conor Bofin | Author | 12th June 2018
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Thanks Stefan,
I got the method from a Thai chef with whom I’m doing a bit of work at present. I am learning a lot from him and his colleagues. I will post about the experience in time.
goatsandgreens | 12th June 2018
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An absolute hoot to read this. And a great suggestion for some pork bellies in my future!
Conor Bofin | Author | 20th June 2018
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Thanks. As a younger chap, I used to wonder how pork bellies could be comoditised in the same way as copper, iron ore and wheat. I did a bit of reading and nw we know. However, the good quality, free range pork will never be so taken for granted.
Marty | 13th June 2018
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Always happy to see some good bellies — past, present, or future. Looking forward to reading more about you experiences with the Thai chef.
Conor Bofin | Author | 20th June 2018
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Thanks Marty,
I have a photo session booked for early next month and will be spending a couple of days in the restaurant. I am really looking forward to it too.
Eha | 13th June 2018
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Curiosity has truly killed the proverbial cat here 🙂 ! Reading the title thought I knew ahead what was coming up – no way did I envisage this innovative lesson ! Usually regard pork belly as a wee too fatty for my kitchen but just have to taste this, so . . .
off topic: my spending money on Eurosport is really paying off . . . last night in Switzerland naturally . . . great to see both Geraint Thomas and Yates doing so well: brilliant scenery and great photography . . . .
Conor Bofin | Author | 20th June 2018
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Sorry for the delay in responding Eha. I am away in France again. this time researching the food markets, restaurants and bars of the Dordogne. I will report back in due course.
The Eurosport coverage has come along in leaps and bounds over recent years. The cycling coverage always amounts to a free tourism documentary for whatever region the skinny lads are cycling.
Our Growing Paynes | 14th June 2018
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I find it fascinating what items people gamble, in mean invest in to make money. This recipe is a safe bet though.
Conor Bofin | Author | 20th June 2018
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Many don’t see the difference between gambling and investing. That’s what makes for so much of the market’s margins. Investing should be about researching good companies, placing some trust in a good spread of them both by sector and region and then playing a very long game, only reviewing the performance, market, economy and politics involved in each. In short, it’s a full time job.
Our Growing Paynes | 23rd June 2018
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I agree. People don’t understand it and makes crazy decisions. I see it all the time with my clients. A bit scary!
dannie | 18th June 2018
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I love your pork recipe,simply delicious.
Conor Bofin | Author | 20th June 2018
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Thanks Dannie,
I enjoyed cooking this one. It’s worth trying. Thanks too for the visit. I appreciate it.
Conor
Tara Sparling | 18th June 2018
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Oh, Conor. Meat and money. You’re singing my song….
Conor Bofin | Author | 20th June 2018
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There is a musical in that Sparling. I can see myself in the role of Mel Brooks in The Producers. Meat and Money (a sure fire hit).