Looking back on the road of preparation and brewing in the past 20 years, the listing process of pig futures in China is too tortuous, and the research process of pig futures in China has a long history, which can be traced back to 200 1 at the earliest. Dalian Commodity Exchange also designed a contract scheme with live pigs as the transaction target as early as 2006, but it has not been officially put into operation. After these years' efforts, people concerned said: At present, the time is ripe for the listing of pig futures in China! ?

Second, the importance of pig futures?

Perhaps the listing of pig futures will become a stepping stone to crack the pig cycle. In fact, massive real data resources are the key to crack, which requires the support and accumulation of data and the change of consciousness in all aspects, and making good use of financial instruments and derivatives is the key to solve the urgent need! Being able to make good use of the tool of pig futures will be a sharp weapon, such as real-time bulk raw material futures, which can lock in the raw material procurement cost for feed enterprises, reduce the operating cost of enterprises and reduce the risk of price fluctuation in the upstream market!

Three. The listing of live pig futures will have a great impact on the live pig industry in China;

1. Live pig futures can predict future live pig prices. Through an open and fair trading platform, all relevant parties in the industrial chain can think that pigs will compete for the most reasonable or scientific price in the future, and farmers can grasp the future price more accurately according to this price, arrange production plans in a planned way, and realize market self-regulation;

2. It can help farmers avoid the risks brought by market fluctuations. For example, the loss in the spot market can be compensated by the profit in the futures market;

3. Promote industrial standardization and scale, and help enterprises improve their ability to resist risks. The downstream of the pig industry chain is mainly slaughter and processing enterprises. Slaughtering enterprises convert pigs into products such as pork and internal organs, and processing enterprises process pork into various foods. These enterprises are facing the impact of fluctuations in the price of live pigs or pork;

Therefore, the listing of pig futures can also help downstream enterprises to carry out cost-side risk management, which shows that pig futures play a great role in promoting the scale of pig breeding. ........