The Role and Performance of Hog Futures in China

Yifan Li; Xiangyu Shi; Ling Zhang; Mutian Guo; Michael Ka Chun Lai

doi:10.2991/978-94-6463-098-5_15

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The Role and Performance of Hog Futures in China

Authors

Yifan Li¹^{, *}, Xiangyu Shi², Ling Zhang³, Mutian Guo⁴, Michael Ka Chun Lai⁵

¹College of Business and Economics, Australian National University, Canberra, 2600, Australia

²School of Aviation, University of New South Wales, Sydney, 2052, Australia

³Qingdao No.9 High School, Qingdao, 266432, China

⁴School of Art and Science, University of Colorado Boulder, Boulder, 80309, United States

⁵Dickinson College, Carlisle, 17013, United States

^*Corresponding author. Email: 791380978@qq.com

Corresponding Author

Yifan Li

Available Online 27 December 2022.

DOI: 10.2991/978-94-6463-098-5_15 How to use a DOI?
Keywords: Hog cycle; Hog futures; Cash price volatility
Abstract: Pork is the largest meat product in China, but the hog market is deeply affected by the hog cycle. In order to stabilize hog prices and to protect hog breeding enterprises, the Dailian hog futures was launched. We compare the volatility of pork cash prices before and after the release of hog futures, and we found that hog future did not reduce the price volatility, even worse. The article searches for problems faced by the Chinese hog market by comparing it with the U.S. hog market, such as the number of large farms and the participation in the futures market. We also discuss the dilemmas faced by some Chinese hog futures rule makers.
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title: Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series: Advances in Economics, Business and Management Research
Publication Date: 27 December 2022
ISBN: 10.2991/978-94-6463-098-5_15
ISSN: 2352-5428
DOI: 10.2991/978-94-6463-098-5_15 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

ris enw bib

TY  - CONF
AU  - Yifan Li
AU  - Xiangyu Shi
AU  - Ling Zhang
AU  - Mutian Guo
AU  - Michael Ka Chun Lai
PY  - 2022
DA  - 2022/12/27
TI  - The Role and Performance of Hog Futures in China
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 124
EP  - 131
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_15
DO  - 10.2991/978-94-6463-098-5_15
ID  - Li2022
ER  -

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