Vincent was right: bacon tastes goood. But the market for frozen pork bellies futures has been dwindling. As of July 15 frozen pork belly options and futures are no longer traded at the Chicago Mercantile Exchange where they had been trading since 1961.* Anyone left holding a pork belly contract surely ain't gonna have no money to buy their son the G.I. Joe with the kung-fu grip.**
BTW, the totally awesome drawing here is by Alyson Thomas. I just love her butchery diagrams.
Futures, as explained by Motley Fool, are agreements between two parties to buy or sell a certain amount of a specified item for a specified price at a specific date. Don't ask me to explain options. It cannot be done!
Various news sources (NYT, WSJ and NPR) say that the market for bellies was historically strong in anticipation of summer sales when folks wanted to eat BLTs. That one sandwich was responsible for the rise and fall of the Duke brothers' (and others') fortune is ludicrous. Those sources say that year-round demand for bacon has caused the demand for frozen bellies to dry up. This is partly true. The full story of the death of the contract involves changes in the industry and how the contract failed to adapt accordingly. (Click here for Jeff Carter's explanation.)
What I don't understand is why the the contract didn't change. I get why the market for frozen bellies is down but why not allow for futures trades on fresh bellies? The fall of the contract comes at a time when you can't eat out without seeing pork belly on the menu. The belly garnered a noisy, intellectual, well-heeled fan base, similar to that of other humble foods such as the donut, BBQ, tacos, ice cream. Each are being produced by careful craftspeople and being consumed, discussed and venerated.
The "bacon tastes goood" statement voiced a truth that carnivores everywhere held but were too wrapped up in their cholesterol levels to celebrate. Once stated, the market - led in part by the Charlie Trotters and Alice Waters of our nation's restaurants - started giving us more of what we liked. Slow roasted! Glazed! Braised! God forbid frozen! From his chaise in the Caribbean, Billy Ray Valentine is making a killing on freezer space futures. Looking good, Billy Ray!
So what's the future of bacon? I couldn't tell you. But I can elaborate on the asterisked items above:
* A frozen pork belly futures contract consisted of 40,000 pounds of frozen pork bellies, cut and trimmed, where 1 point = $.0001 per pound ($4.00)
** That's from Trading Places. You can't talk pork bellies without letting Billy Ray Valentine doing some of the talking.
Sunday, July 31, 2011
On the Future of Bacon
Monday, November 8, 2010
Lean, Green Braised Mexican Pork Tenderloin
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Photo courtesy Thibeaultstable.com |
Rick Bayless wrote the original version. It's in his fantastic Mexican Everyday cookbook. We enjoyed his version, but it didn't deliver on its promise. The meat wasn't tender enough and the bland dish belied the flavorful ingredients that went into it. Sorry, Rick. But you'd agree that this is really good.
To make a bigger feast, I made Chipotle Shrimp as an appetizer (and chips and guacamole) and served the braised tenderloin with Black Beans and warmed corn tortillas. But you could omit all that for an easier weeknight meal.
This would cook up quite well in a slow cooker, too - but you still have to brown and saute. If you are a Dutch oven-user, a 3-quart covered pot is all you'll need.
Braised Mexican Pork Tenderloin
Print recipe only here
Serves 4
Note: Start this around 2:30 and enjoy a wonderful meal a few hours later. You won't be cooking that entire time - but the pork will.
INGREDIENTS
1 to 1 ½ pounds pork tenderloin
2 T canola oil
2 fresh poblano peppers
1 medium onion
3 garlic cloves, pressed
5-6 tomatillos
3/4 cup beef broth OR 2/3 cup water
1 t hickory smoke
1 T Worcestershire sauce
1/2 cup cilantro, chopped
Kosher salt
Corn tortillas, to eat alongside
METHOD
Preheat broiler.
Remove husks from tomatillos, rinse, and place on a sheet pan. Broil for about 5-6 minutes, turning midway, until browned.
Roast the peppers over an open flame or under a broiler under they are uniformly blackened and have softened a bit. You can do this right on your stovetop by setting the peppers directly above the flame.
When done, place in a bowl and cover. Allow them to cool.
Turn down oven to 200F
Peel and halve the onion and cut it crosswise into strips about 1/4-inch wide. Reserve.
Rub the blackened skin off the poblanos, remove the stems and seeds inside and rinse under water to remove the excess charred skin and seeds. Slice into long strips, about 1/4-inch wide, and then chop into pieces about two inches in length. Reserve.
Pat the tenderloin dry with paper towels and trim away all visible fat. Cut the tenderloin into 1-inch cubes and sprinkle liberally with kosher salt.
Heat the canola oil in a Dutch oven or large skillet (12 inches). And pork (do this in batches if necessary, to avoid overcrowding) and brown all over. Transfer to a plate and reserve.
Add the onion and poblano strips to the same pot and saute over a medium flame for 5 minutes or so. Add the garlic and continue to cook for another 2 minutes. Add the tomatillos, smashing them up with a wooden spoon. Add beef broth (or water), Worcesteshire, and hickory smoke and bring to a boil. Cover and transfer to the oven. Cook for 2-3 hours.
Add cilantro and taste for seasoning, adding more salt as needed. Serve with warmed corn tortillas.http://www.thibeaultstable.com/2009/08/chili-rellenos-mexican-dinner.html Read Full Post
Monday, October 25, 2010
I Brined a Pork Loin and I Liked It
Oh, this was good. I adapted it from a site I recently stumbled across, Leite's Culinaria. The LC staff included cumin and other spices I wasn't in the mood for. Plus, even though I've marinated plenty, this was my first foray into brining. I wanted to really get a sense of how the brine would change a regular pork loin and determine if it was worth the extra step without being thrown off by all that cumin. I wasn't disappointed. Pork loin is lean, and easy to ruin. This recipe, which results in a beautiful, moist and flavorful roast, will definitely be repeated.
Brined, glazed and grilled boneless pork loin sounds like more trouble than it is. The biggest effort is making the brine and soaking the pork loin the day before you plan to eat it. In this case, I brined on Saturday and we dined on Sunday. It made for a classic Sunday dinner and didn't require much of my Sunday to put it on the table.
And how about that board dressing (see the end of the recipe)! Another first...
Brined, Glazed and Grilled Pork Loin
Print recipe only here
INGREDIENTS
for the brine:
1 cups water
2 T kosher salt
2 T brown sugar
salt and pepper
1-2 T rosemary ( I used dried since i had it)
1 medium onion, thinly sliced
5 garlic cloves, smashed
For the glaze:
1/3 cup apricot or peach preserves
2 t country style dijon mustard
2 t soy or tamari
2 cloves garlic, pressed
2 t cider vinegar
salt and pepper
METHOD
Combine all ingredients in a bag or bowl. Score pork loin in a criss-cross pattern (about 1/4-inch deep and about 3/4-inch wide cuts). Cover and marinate 6-24 hours. 24 is better.
When ready to cook, preheat grill on low setting.
Remove pork loin from the brine and dry with paper towels. Coat with 1 T canola oil.
Grill 45 min, turning once.
Combine the glaze in a medium sized bowl or dish:
Remove pork from grill and toss to coat in the glaze. Return to grill for another 45 min or until it registers 160 on a thermometer. Remove from the grill and let it rest ten minutes.
Meanwhile prepare a board dressing on a serving plate:
2 T olive oil
2 T chopped parlsey
salt and pepper
Slice pork loin and coat with board dressing. Serve.