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On January 8, 2022, China's first livestock futures variety and live delivery variety, the first anniversary of the listing of live pig futures
Encountered the "big test" of the downturn of the pig cycle
"The year that live pig futures went on the market also happened to be the year when the price of live pigs fell seriously
On January 8, 2021, hog futures were listed on the Dalian Commodity Exchange (hereinafter referred to as Dalian Commodity Exchange)
The relevant person in charge of Muyuan Co.
The relevant person in charge of New Hope Group also admitted that this year, the company's team in charge of pig futures is also researching and operating related businesses based on market conditions
According to relevant statistics, in 2021, the price of live pigs will decline, the spot price will drop by about 55% for the whole year, and the futures will drop by about 47%
Positive guidance still prevails
One year since the listing of hog futures, market transactions and positions have steadily increased.
Li Ming, a hog analyst at the Agricultural Products Division of Shanghai Ganglian, told a reporter from China Business Daily that since the first anniversary of the listing of hog futures, it reflects the characteristics of the futures market.
"After the first quarter of 2021, the price of live pigs will continue to fall, and the profits of breeding will continue to shrink
Li Wangyang, general manager of Yiwu Sales Department of Yongan Futures Co.
"Anything new will have an impact on the market.
How to make good use of pig futures as a financial tool
In this year, there are indeed pig breeding companies that use pig futures to "stabilize prices"
Dong Binchuan, general manager of Nanling Zhiyu Trading Co.
"This year, the two basic functions of price discovery and hedging of hog futures have emerged, which have played a positive role in guiding the industry, and also played a corresponding role in companies exploring market expectations and avoiding price risks
Industry insiders believe that in the year of listing, although the futures market itself has risks, pig futures have alleviated the risks brought to practitioners by the volatile "pig cycle" to a certain extent
"The differentiation of futures and spot prices at certain time nodes will mislead companies.
