China's pig futures are going on the market!

China's first live delivery futures varieties - pig futures will be listed on January 8, 2021 in the big market.
, pork prices are still an important weatherse for CPI.
the status of the pig industry, related financial products will continue to appear.
pig futures will come on December 11, the CSRC announced that pig futures will be officially listed on the Dalian Commodity Exchange on January 8, 2021.
December 12, the Dalian Commodity Exchange (hereinafter referred to as the "Big Business Institute") issued an announcement to solicit public comments on pig futures contracts and related rules.
According to the "Dalian Commodity Exchange pig futures contract (draft for comments), "Dalian Commodity Exchange pig futures business rules (draft for comments)" and other documents, pig futures contract trading code is LH, trading unit is 16 tons / hand, the minimum change price is 5 yuan / ton, the range of the rise and fall of the board is 4% of the settlement price of the previous trading day, the minimum trading margin is 5% of the contract value.
the contract months are January, March, May, July, September and November, and the last trading day and the final delivery date are the penultimate trading days of the contract month and the 3rd trading day after the last trading day, respectively.
Delivery quality standards, large business refers to the "lean pig live quality assessment (GB/T32759-2016)" index system, and on the basis of extensive research, for the characteristics of pig varieties, close to the spot market habits designed delivery quality indicators, which use the spot habits of simple and effective appearance, weight and other indicators, to ensure delivery efficiency, reduce delivery disputes.
in the course of trading, the exchange may take urgent measures to defuse the risk if the spot price, futures price or period spot base difference of pigs is significantly beyond a reasonable range.
pig industry chain Overview Pig industry is the pillar industry of China's animal husbandry, pig industry chain is mainly composed of six aspects, including feed, breeding, slaughtering, processing, marketing and vaccines.
market people believe that in the current market situation, listed pig futures are more conducive to pig industry enterprises to control risks, make production plans, stable production and operation.
, according to Shen Yin Wanguo Futures, China is currently the world's largest pig production and consumption country.
, has developed into the world's largest feed country, annual output of more than 200 million tons of commodity feed; In terms of breeding, domestic pig breeding mainly has three models: professional fattening pig breeding, professional sow breeding and self-breeding; Slaughter and processing, the industrial chain mainly includes livestock and poultry slaughter, meat segmentation, refrigeration, freezing and meat products and by-product processing.
according to the degree of development of production and processing methods can be classified in order: including farmers self-slaughter and illegal private slaughter of hand workshops, approved by the state targeted slaughterhouses, large-scale modern meat processing enterprises slaughterhouses three.
pork prices are still high pork prices on the CPI has been relatively large impact, although since 2016 the country has lowered the proportion of pork in the CPI, but pork prices are still an important cpi weather.
, the National Bureau of Statistics released November's national cpi (consumer price index) data show that CPI fell 0.5% year-on-year, down 0.6% month-on-month.
11 years, the national CPI fell into the negative range, exceeding the market's general expectations.
November, food, tobacco and alcohol prices fell 0.7% year-on-year, affecting the CPI (consumer price index) by about 0.24 percentage points.
, pork prices fell by 12.5%, affecting CPI by about 0.60 percentage points.
the previous surge in pork prices were caused by two main factors: first, African swine fever; Second, the local government has previously over-interfered with farmers to disperse pig farming.
, pork prices have seen a rare spike, with cpi rising.
but pork has a cycle, the so-called "pig cycle", new pigs will gradually go on the market, pig supply increases lead to lower prices, CPI will follow.
because of the previous high base, so there will be CPI "turn negative" phenomenon.
Xin, a grain and fresh products researcher at Citic Capital Futures Agricultural Products, said pork prices were at a distinct peak in November and had already fallen significantly in November.
, however, the supply of pigs is still in the process of a slow recovery from the long cycle of supply and demand, even after a fall in October, when pig prices rebounded slightly.
as of December 11, the Ministry of Agriculture monitoring data show that the national wholesale market for agricultural products pork average price of 42.84 yuan.
for now, pig prices are still high.
Other pig financial products according to the CSRC's administrative approval progress shows that on June 8 this year, Cathay Fund reported the main pig-breeding ETF - China Securities Livestock Breeding Open Index Fund (hereinafter referred to as the "Cathay China Securities Breeding ETF").
data show that Cathay China Securities Livestock Breeding ETF tracks the China Securities Livestock Breeding Index, which selects the stocks of listed companies involved in livestock feed, livestock and poultry drugs and livestock and poultry breeding from the Shanghai and Shenzhen A-shares as sample stocks to reflect the overall performance of the stocks of listed companies related to animal husbandry.
the index's latest top ten weighting stocks, including New Hope, Makhara shares, Wen's shares, Zhengbang Technology, Luo Niushan and other pig-breeding companies; There are biological shares, Dabei Nong and other vaccine companies.
the status of the pig industry, related financial products will continue to appear to meet all kinds of investors.
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