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近年来,生猪价格大起大落,养殖企业苦于没有避险工具。期货市场一直盼望生猪这个品种上市,但为什么却迟迟不能上市?据专家分析:生猪期货至今没有上市的原因是多方面的,主要有三个方面:一是标的物的确定仍在讨论阶段,国内生猪不同质量等级对应价格有很大的差异,这给交割品级的设定带来了难度;二是养殖行业仍处于规模化进程中,中小养殖户即使有了生猪期货也难有能力去真正利用期货作为避险工具,在行业本身集中度略有欠缺的情况下,生猪期货的上市需要谨慎;三是目前国内整体养殖行业仍处于生产相对分散的格局,这种情况下生猪期货充分发挥价格发现的功能是有限的。那生猪期货到底能不能为我国的生猪市场带来一线希望?本期就让我们一起探讨生猪期货的那些事……
In recent years, the hog prices fluctuated greatly, breeding enterprises suffer from no safe-haven tools. According to expert analysis: There are many reasons for the lack of listing of pig futures so far, there are mainly three aspects: First, the subject matter is still being discussed in the determination stage, the domestic market is still looking forward to listing the species of pigs, but why the delay in listing? Pigs of different quality levels corresponding to the price difference is very large, which gives the delivery grade set the level of difficulty; the second is the breeding industry is still in the process of large-scale farmers even with hog futures difficult to really use Futures as a hedging tool, a slight lack of concentration in the industry itself, the listing of pig futures need to be cautious; third is currently the domestic farming industry is still in a relatively decentralized pattern of production, in which case the full development of pig futures price discovery The function is limited. That pig futures in the end can bring a glimmer of hope for the pig market in China? This issue let us discuss those things with pig futures ......