id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-13759	Cheng, Hanpeng	Research on Price Discovery Function of China Pig Futures Market	2023	6	.pdf	application/pdf	4257	156	58	Under the significance level of 5%, the change of pig futures price is the Granger cause of spot price change, while the change of spot price is not the Granger cause of future price change, which indicates that there is only one-way Granger causality between spot prices in pig period, i.e. the fluctuation of pig futures price has a significant impact on the change of spot price of pigs, pig futures play a one-way leading role in price discovery, and the development of pig futures still needs to be further improved. As shown in Table 1, the standard deviation, skewness and kurtosis of the fluctuation range of live pig spot price are all larger than the futures price, indicating that the price fluctuation in the live pig spot market is more severe than that in the futures market and the market risk is higher.	cache/fbem-13759.pdf	txt/fbem-13759.txt