Pork futures, namely pig futures. 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 market price skyrocketing and plunging, and has been unanimously recognized.

China Dalian Commodity Exchange will officially launch pork 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.

The Draft of Pig Futures Contract was sent to some futures companies and slaughter enterprises for comments. After soliciting opinions, the delivery system will be revised.

The pork futures delivery products ordered by Dashang are alive and weigh between 95 ~ 105 kg.

The futures price limit is 4% and the margin ratio is 5%; The delivery months of the contract are April, June, August, 10 and 65438+February. Transaction unit: 10 ton/lot; Transaction cost: no more than 6 yuan/lot. The participants of pig futures are mainly small pig farms, pig traders and small and medium investors.

According to the calculation, according to the current domestic pig price of 6,000 yuan/ton, the contract amount of 10 ton/hand is about 60,000 yuan, and the deposit is about 3,000 yuan. Pork futures are conducive to the participation of individual investors.