The two parties involved in pig futures trading are mainly pig growers, farmers, meat processing enterprises and futures members of the futures exchange. Among them, growers and farmers are mainly sellers, while meat processing enterprises and futures members of futures exchanges are mainly buyers.
When trading in a futures exchange, buyers and sellers need to hold a futures membership card or temporary login certificate issued by the futures exchange and open a futures trading account in the futures exchange system in accordance with the provisions of the futures exchange before trading activities can be carried out.
When buying and selling on a futures exchange, buyers and sellers need to quote in the futures exchange system according to the provisions of the futures exchange and futures contracts, form a transaction, complete the transaction procedures in the futures exchange system according to the provisions of the futures contracts, and pay the transaction margin and handling fee.
When buying and selling live pig futures, both parties need to manage and supervise the futures trading in accordance with the provisions of the futures exchange, so as to ensure the interests of buyers and sellers and ensure the standardization and fairness of futures trading.