“THE FAMOUS CHICKEN” autographs a picture for a trader on the floor of the Chicago Mercantile Exchange, where broiler chicken futures were introduced on February 7, 1991. The new broiler contract could then be used by processors, food service companies and others in the broiler industry to hedge against price swings in the steadily growing and price volatile industry. A CME trader and Phil Karafotas (R), chairman of the Agricultural Steering Committee, admire the animated bird, who donned a trading jacket for the occasion.
