猪价跌跌不休！“保险+期货”为养殖户捂紧钱袋子

Core Insights - After the National Day and Mid-Autumn Festival holiday, the price of live pigs has accelerated its decline, with recent futures contracts falling below 12,000 yuan/ton [1] - Despite multiple state interventions in frozen pork storage, the market's recovery effect has been limited, leading to a situation where prices continue to drop even during the traditional peak consumption season [1] - The "insurance + futures" project, driven by futures, insurance, and local government, is providing significant support to small and medium-sized pig farmers [2] Group 1 - The state has initiated the storage of 15,000 tons of frozen pork on October 10, marking the latest action in a series of five storage initiatives in August and September [1] - On October 9, the first trading day after the holiday, the main futures contract for live pigs closed at 11,595 yuan/ton, with a single-day decline of 6.15% [1] - The price of the futures contract dropped to as low as 11,020 yuan/ton on October 17, indicating ongoing price pressure in the market [1] Group 2 - The "insurance + futures" project in the city of Luohe serves as a benchmark for the Dalian Commodity Exchange's "Farmer Income Protection Plan," highlighting its importance in managing price risks for pig farmers [2] - The project has successfully compensated farmers, such as the Zhichun Breeding Farm, which received over 180,000 yuan in compensation due to price declines, achieving a compensation rate of nearly 364% [2] - Since 2021, listed pig companies have shown increasing enthusiasm for engaging in commodity futures hedging, with several companies, including Haida Group and Muyuan Foods, announcing their participation in such activities [3]