Ironing out the "pig cycle", live pig futures will help

After nearly 20 years of brewing, on January 8, live pig futures were officially listed for trading on the Dalian Commodity Exchange

Stable production and supply of live pigs has always been one of the key tasks of the economy

In 2019, pork prices have risen sharply

From the conception of the sow to the slaughter of pigs, there is a production cycle of at least 10 months

Futures, with the function and mechanism of hedging, can effectively avoid the price risk of big ups and downs

In the futures market, farmers can judge price trends, arrange production and sales in a planned way, or expand the scale in a planned way

The enthusiasm of large pig companies is very high

Not only that, many insurance companies and futures companies are also involved

Fang Xinghai said that the listing of live pig futures will further fill the gaps in China’s animal husbandry futures.

However, as far as the current pig industry is concerned, the degree of large-scale and centralized breeding is not enough, and a large number of small and medium-sized farmers undertake the task of market supply