Group 1 - The core viewpoint is that the introduction of pig futures has transformed the pig farming industry by providing a market-based risk management mechanism, allowing producers to better plan production and sales [1][2] - The traditional "pig cycle" has been characterized by small farms' herd behavior and large enterprises' operational difficulties, leading to a distorted ecosystem where the industry often "earns for half a year and loses for three years" [1] - The emergence of derivative tools such as basis trading and rights trading has simplified complex hedging operations into understandable "forward contracts" for farmers, significantly lowering the barriers to risk management [1][2] Group 2 - The innovative application of financial derivatives is reshaping traditional agricultural risk management paradigms, with basis trading redefining pricing logic and the "futures + orders" model reconstructing supply chain collaboration [2] - The transformation of risk management roles within the industry has led to a more efficient allocation of resources, allowing producers to focus on core competencies while transferring price risk to specialized institutions [2][3] - The deep integration of financial tools with traditional agriculture indicates a clear development path for China's agricultural modernization, aiming to build a multi-layered risk diversification system through the derivatives market [3]