Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 32 , 10 November 2023


Open Access | Article

How Will the Hog Futures Smooth Price Fluctuations in China’s Pig Market

Xinyuan Yang * 1 , Shuangkun Li 2 , Zhongyue Zhou 3 , Mingji Wang 4
1 Nanjing Foreign Language School
2 Wuhan University
3 NC state university
4 The Ohio State University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 32, 62-70
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Xinyuan Yang, Shuangkun Li, Zhongyue Zhou, Mingji Wang. How Will the Hog Futures Smooth Price Fluctuations in China’s Pig Market. AEMPS (2023) Vol. 32: 62-70. DOI: 10.54254/2754-1169/32/20231568.

Abstract

This paper focuses on hog futures and their effects in smoothing price fluctuations in China's hog market. We analyze the reasons for the current market situation in China based on theories of herding development and the cobweb model. We explore hog futures' functions and actual influences. Based on the data from Muyuan, China's largest listed hog enterprise, we examine how hog producers utilize lots to ensure their profits. We make theoretical predictions development of China's hog futures and possible changes in the whole market.

Keywords

hog futures, Chinese pig market, hedging

References

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2. Liu Xiaqing, Liu Baiyu & Han Xiaoning. (2019). Analysis of Herd Effect of Investor's Behavior from the Perspective of Behavioral Finance. (eds.) Proceedings of 2019 International Conference on Management, Education Technology, and Economics (ICMETE 2019) (pp.572-576). Atlantis Press.

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4. Zuo, W., Yoshida, H., Steinlein, H., Phillips, A., Matsumoto, A., Mackey, M., Li, K., Jensen, R., Hommes, C., He, X., Guo, B., Goeree, J., Diks, C., Dieci, R., Guilmi, C. D., Day, R., Chiarella, C., & Brock, W. (2022, January 5). Production Delays and Price Dynamics. Journal of Economic Behavior & Organization. Retrieved March 16, 2023, from https://www.sciencedirect.com/science/article/abs/pii/S0167268121005436?via%3Dihub

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-085-1
ISBN (Online)
978-1-83558-086-8
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/32/20231568
Copyright
10 November 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated