Research On The Listing Of Hog Futures In China

In recent years,the pig price in China has changed frequently,and the boom and slump have been serious.This has not only aff-ected the daily life of residents,but also seriously affected the income and production enthusiasm of pig farmers,as well as the profitability and anti-risk ability of pig enterprises.Pork consumption accounts for more than half of China's meat consumption.Pork price,as an important component of CPI,is closely related to national economy and people's livelihood.The listing of live pig futures can effectively help breeding enterprises to find the price,avoid risks and solve many problems faced by China's live pig industry.At first,this paper adopts comparative research method,first,about the status quo of China's pig industry production,consumption and price fluctuations are analyzed,and summarizes the problems existing in the pig industry in China,and then using the volatility estimation model of U.S.hogs futures listed after the pig price volatility empirical test,affirmed the hog futures price fluctuation for stable positive role,and sums up the pig the positive significance of futures on the spot market.Then combined with the present situation of China's live pig industry and the hedging function of the futures market,the positive significance of the listing of live pig futures for China's live pig spot market is discussed in detail.Then,the paper selects corn futures and American pig futures as cases to analyze the spot conditions for the listing of agricultural products futures and American pig futures in China,and then summarizes the spot basis for the listing of pig futures in China.Then combined with the present situation of pig industry in China,the favorable conditions and restricting factors affecting the introduction of pig futures in China are discussed in detail.Finally,by fully analyzing the current situation and characteristics of the pig industry in China and combining with the specific national conditions of China,this paper puts forward some countermeasures and Suggestions for the difficulties in restricting the listing of pig futures in China.