Heavy! Pig futures listed for approval

On the evening of April 24, the official website of the CSRC announced that it had recently approved the Dalian Commodity Exchange to conduct pig futures trading 4tK4tK pig is China's most valuable agricultural and sideline products, the market size of nearly one trillion yuan The pig industry chain is centered on pig farming, involving feed processing, veterinary vaccines, slaughter, food processing, logistics, retail, catering and many other industries 4tK launch of pig futures is an important measure of the economic development of china's futures market service entities The full play of pig futures function plays a positive role in improving the mechanism of pig price formation, improving the risk management ability of market subjects and helping the development of pig industry 4tK" next step, the CSRC will urge Dalian Commodity Exchange to do a solid job of pig futures listing preparations to ensure the smooth launch and stable operation of pig futures The SFC said 4tK China's pig futures listed, has been brewing for several years 4tK 10 years ago issued "on the promotion of stable agricultural development in 2009 farmers continue dintoined" has pointed out that the adoption of futures trading and other measures to stabilize the development of the spirit of the pig industry, choose the appropriate time to launch pig futures trading as soon as possible 4tK In February 2018, the CSRC formally approved the application for pig futures from the Big Business Institute 4tK November 30, 2019, the 15th China (Shenzhen) International Futures Conference, The Vice Chairman of the CSRC Fang Xinghai has also said that pig futures is a special need for a futures variety in China's specific production situation and consumption habits, we will work hard to further build consensus, as soon as possible to fill this gap 4tK and in foreign markets, pig-related futures varieties have gone through several iterations 4tK In 1961 CME launched frozen pig stock futures contracts for delivery in kind; 4tK at the end of the 20th century, in order to adapt to the development of the U.S pig spot market, its pig futures again adjusted, the 1996 live pig futures to lean pig futures contract, delivery target from live pig to lean pig carcass 4tK Currently, CME's lean pig futures turnover, second only to the 1964 launch of live cattle futures, ranked second in the CME listed livestock products 4tK comparison, although the domestic pig futures started late, but the size of the column, out of the column has already leapt to the first place in the world, market space, risk hedging demand is obviously greater 4tK market analysis, the domestic pig futures listed, is expected to take the lead in attracting Wen's shares, Makhara shares, Zhengbang technology and new hope and other industries head enterprises to participate 4tK In addition, the listing of pig futures, will also be with soybean meal, corn and other feed varieties to form a sound industrial chain, in order to further enhance the aquaculture industry's supply of risk tools, and thus increase the industry's risk hedging efficiency 4tK