1964, Chicago Mercantile Exchange (CME) introduced various live cattle futures, and later introduced live pig futures contracts. By 1969, Chicago Mercantile Exchange has developed into the largest meat and livestock futures trading center in the world. As a successful futures product, American pig futures has successfully helped countless farmers avoid the risk of sharp rise and fall in market prices, which has been unanimously recognized; China Dalian Commodity Exchange will also officially launch pig futures this year. At the demonstration meeting on the delivery quality standard of live pig futures contract held recently, the expert review group demonstrated and passed the "Quality Standard for Live Pig Delivery" and "Technical Specification for Quality Inspection of Live Pig Delivery". The first commercial pig industry standard in China was formally produced.