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Since May this year, the pig industry has been losing money for 14 consecutive weeks
First delivery completed
Live hog futures entered the first delivery month
Suzhou Huatong Food Co.
"Because the requirements for the quality standards of DCE's live pig futures are relatively high, our terminal slaughter companies are more assured
Live pigs traded on the futures market have strict standards in terms of appearance and weight
Feng Yonghui, an analyst at the China Pig Warning Network, told the China Business Daily: "The entry threshold is relatively high.
How to stabilize the "pig cycle"
It is worth noting that the price of live pig futures for the first delivery has been very close to the spot price of live pigs
Feng Yonghui told the China Business Daily that at the end of last year and the two periods close to the contract date this year, the price of live pig futures was lower than the spot price, which indicates that the increase in pig production capacity last year will have a certain impact on the price of pigs this year
Li Wangyang, general manager of the Yiwu business department of Yongan Futures Co.
Liu Chuan, the current hog period manager of Yongan Capital, who participated in the first delivery of hog futures, said frankly that traditional slaughterhouses purchase hogs based on market prices and cannot effectively control costs.
Coping with falling hog prices
According to data from the Development and Reform Commission in the third week of August, the current national pig feed price ratio is 4.
After the listing of live pig futures, industry insiders have high expectations for its role in hedging price risks
"The price of hog futures is public every day.
When the hog futures were listed, the leading hog breeding companies were actively planning to participate in the hog futures, but at present they still rely on wait-and-see
Feng Yonghui said that some companies are now also affected by the on-site system and are on the sidelines of hog futures
It is worth noting that the price of live pig futures may still be in a downward trend, and the willingness of relevant companies to "enter" transactions in the future may also increase
