How to crack the cycle of pork skyrocketing and plunging
From the experience of the United States, China should also solve the problem of soaring pork prices from three aspects: optimizing production structure, realizing large-scale feeding, accelerating vertical integration and developing futures market on this basis. China's hog market is huge, accounting for almost half of the global slaughter, more than six times that of the United States. However, in such a huge market, small-scale production (less than 50 pigs) accounts for more than 65% of the market share, and the pig market has been in the stage of blind production, with insufficient market information and chaotic transactions. It is reported that recently, Dalian Commodity Exchange is actively promoting the listing of pig futures. Of course, pig futures will play an obvious role in stabilizing pig prices, but in the pig market dominated by individual farmers' production, the price stability function of pig futures may be greatly reduced.