1 live pig futures =256 yuan (subject to actual listing). We can see that the minimum unit transaction volume of 1 lot is 16 ton, which is about 9 kg less than 14 kg according to the standard of delivery monomer, that is, one transaction is equivalent to buying and selling 1 14 pigs, with an average of about 13 pigs. Buying (selling) first-hand pig futures is equivalent to buying (selling) 13- 16 pigs. The futures market is in the form of margin (margin system), and the full amount is not required before delivery (delivery); If the market price is 16 yuan/kg and the margin is 5%, then 1 pig futures = 16 yuan/kg *2* 16 kg *5%=256 yuan. 1 live pig futures = 16 tons, about 13- 16 heads.