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On January 8th, pig futures will be officially listed on the Big Business Exchange.
evening, the Company announced the first three contracts listed in pig futures LH2109, LH2111, LH2201 benchmark price, respectively, 30680 yuan / ton, 29680 yuan / ton, 28680 yuan / ton.
it is worth noting that the most recent month in which pig futures were first listed was the September contract, i.e. the market was trading at september 2021 prices, not the current market price, followed by market prices in November 2021 and January 2022.
according to a number of market analysis, as pig production capacity continues to recover, pig prices in 2021 as a whole will be in the down channel, September pig prices or well below the current market price.
prices are expected to fall back to 25-30 yuan/kg in the second half of the year, with the September contract likely to fall at the upper end of the range and the far-month contract to fall between the lower and lower ends.
Due to the current high pig farming profits, in the future breeding gradually restore expectations, if the futures price is too high, in the factory delivery facilities, breeding enterprises will inevitably sell through the futures market to lock in the future pig out of the column price.
the market view the price of pigs in September this year? What role will pig futures play in industrial risk management after listing? Relevant ministries and aquaculture enterprises generally believe that with the steady recovery of pig supply and the increase in the number of imported frozen meat, market supply is expected to return to normal in the second half of 2021, forward prices do not have the basis for rising, the overall decline in the channel.
Without new major outbreaks and major policy changes, taking into account pig production and marketing, seasonal factors, alternatives, costs and other links, the market pig information advisory body and large pig breeding groups generally predict that the listing price of pigs may be between 25-30 yuan / kg.