According to news from the website of the China Securities Regulatory Commission on April 24, the China Securities Regulatory Commission recently approved the Dalian Commodity Exchange to carry out hog futures trading.
The news pointed out that live pigs are the most valuable agricultural and sideline products in China, with a market scale of nearly one trillion yuan. The hog industry chain is centered on the hog breeding industry and involves many industries such as feed processing, veterinary drug vaccines, slaughtering, food processing, logistics, retail, catering and other industries. The introduction of hog futures is an important measure for China's futures market to serve the development of the real economy. The full play of the function of hog futures has a positive role in improving the mechanism of hog price formation, enhancing the risk management capabilities of market entities, and helping the development of the hog industry.
In the next step, the CSRC will urge the Dalian Commodity Exchange to do a good job in preparing for the listing of hog futures to ensure the stable launch and steady operation of hog futures.