英文摘要 |
This paper analyzes the necessity of beef production, consumer demand, and live cattle import and export trade based on the actual development status of the live cattle industry in China. Then, it examines the suitability of live cattle and bulk commodities, the futures market function, and the Chicago Mercantile Exchange (CME). The successful listing of live cattle futures demonstrates the feasibility of live cattle futures listed in China on the futures contract design. At the same time, the last of live cattle futures listed in China is summarized and countermeasures are offered with the aim of lowering the level of beef cattle hectareage and addressing the issues of lack of product processing capacity, resources and environment restriction, and backward mode of production and technical problems, The results have certain positive significance to avoid the risk of beef price fluctuation and maintain the stability of the live cattle market by strengthening the breeding and breeding system construction of fine beef cattle, promoting the standardized scale breeding of beef cattle, and advanced production and processing technology. |