A study of price correlation between hog futures and corn futures
This paper selects the continuous daily data of hog futures and corn futures main contract from January 8,2021 to June 1,2023 as the research samples,and adopts the VAR model to study the price correlation between China's hog futures prices and corn futures prices,and the research results show that:there exists a long-run equilib-rium relationship between the hog and corn futures prices,and the two present a bi-directional Granger causality be-tween the two.The results of the study show that:there is a long-term equilibrium relationship between hog and corn futures prices;and there is a bi-directional Granger causality relationship between the two,which indicates that there is a mutually oriented and pulling influence relationship between hog futures and corn futures prices;price fluctuations in hog futures and corn futures are mainly affected by their own internal factors,but in the long run,there is still a certain linkage between the prices of the two and the mutual influence is more stable.Based on the results of the study,in order to effectively play the role of the hog futures market,stabilize the price of corn and pork in China,this paper puts forward relevant policy recommendations.
万方数据
维普
