Proceedings of the 2022 International Conference on Social Sciences and Humanities and Arts (SSHA 2022)

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Research on China’s Emerging Futures Market -- Based on DCE Hog Futures

Authors
Lusheng Zhao1, *, Ruoxi Zhao2, Lifan Ren3, Fenghua Dong4, Xiyi Li5
1Faculty of Business and Economics, Monash University, Victoria 3800, Australia
2Rotman Commerce, University of Toronto, Ontario, Canada
3Rotman Commerce, University of Toronto, Ontario, Canada
4Applied Math and Economics, Brandeis University, Massachusetts, United State
5Mathematics and Economics, New York University, New York State, United State
*Corresponding author: lzha0155@student.monash.edu
Corresponding Author
Lusheng Zhao
Available Online 8 April 2022.
DOI
10.2991/assehr.k.220401.181How to use a DOI?
Keywords
Hog futures; Pig cycle; Price fluctuation; VAR model; Market influence
Abstract

Before the listing of hog futures at the beginning of 2021, the price of live hogs in China has fluctuated frequently. Due to the inability to totally control the risk, the life of residents and the income of pig farmers are seriously affected by the sharp rises and falls of hog prices.

This paper firstly illustrates the current hog market development situations in China and the significance of live hog futures as well as the influencing factors. After that, the hog futures is compared with related futures development in the United States. Moreover, a VAR model is used to explore the impact of feed prices on hog prices to reveal the impact mechanism. Meanwhile, the available impact of the listing of live hog futures on related industries is explained.

This work finally summary the reasons for price fluctuations, and table proposals to promote the development of the hog futures market that strengthening the hog industry feed chain and settling appropriate futures delivery mechanisms can help ensure the development of pig breeding.

Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 2022 International Conference on Social Sciences and Humanities and Arts (SSHA 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
8 April 2022
ISBN
978-94-6239-560-2
ISSN
2352-5398
DOI
10.2991/assehr.k.220401.181How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

risenwbib
TY  - CONF
AU  - Lusheng Zhao
AU  - Ruoxi Zhao
AU  - Lifan Ren
AU  - Fenghua Dong
AU  - Xiyi Li
PY  - 2022
DA  - 2022/04/08
TI  - Research on China’s Emerging Futures Market -- Based on DCE Hog Futures
BT  - Proceedings of the 2022 International Conference on Social Sciences and Humanities and Arts (SSHA 2022)
PB  - Atlantis Press
SP  - 938
EP  - 950
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220401.181
DO  - 10.2991/assehr.k.220401.181
ID  - Zhao2022
ER  -