It happened that Chen Mo was also a little hungry, he hadn't had breakfast yet.
There are Chinese and Western restaurants on this floor, both of which are relatively high-end. A portion of twice-cooked pork costs 30 yuan.
The price is expensive, and there must be a reason for it. There are three chefs in the restaurant, with a monthly salary of 20,000, and there is also a head chef. The name of the restaurant is Tangxia Yipin...
Then there is a Western restaurant, where the per capita consumption starts at 300 yuan.
Chen Mo and the others went to Tangxia Yipin and ordered a few dishes. Boss Zhou said: "The contracts for Boer goats released by Yunshan Breeding Company in November and December are 9,600. One contract is for 100 sheep and 60 rams."
More than 1 kilogram, ewes more than 45 kilograms..." Boss Zhou looked at Chen Mo.
"Um?"
"The contract released by Yunshan Breeding Company has a book value of 120,000 yuan?"
"Um?"
“But you can buy a sheep contract from Yunshan Breeding Company for November and December with only 50,000 yuan.”
"Huh?" Chen Mo nodded.
Boss Zhou scratched his head: "Now, one kilogram of Yunshan Breeding Company's Boer goats is priced at 26.85 yuan on the books. But if by the time of delivery, one kilogram of sheep rises to 30 yuan, the real value of 100 sheep is
180,000 yuan. Does that mean that when the actual delivery is completed, a contract will have to pay 130,000 yuan?"
Chen Mo touched his chin and shook his head...
"There is a difference between a pig contract and a sheep contract, but the difference is not too big. These contracts mainly focus on the price per kilogram... A contract, whether it is pigs or sheep, is for one hundred heads. The sheep contract is 5
Ten thousand yuan per piece, this 50,000 yuan is equivalent to the guarantee in the futures contract..." Chen Mo knocked on the table: "The contract details the specifications for selling pigs and sheep. For example, the November and December pigs sold by Yunshan Breeding Company
The Boer goats are clearly marked on it. There are 50 ewes and 50 rams, all of which have been castrated. The total weight is clearly marked on it, 5,000 kilograms. It says 100, but it does not mean it must be 100.
But there will definitely not be more than 100..."
"Every contract released in the market has the unit price and total weight marked on it. The actual value of a sheep contract from Yunshan Farm is 134,250 yuan. But now it costs 50,000 yuan to buy a contract from the market
, there is a price difference... The price difference is actually paid by the Yunshan market first. In other words, it costs 50,000 yuan to purchase a sheep contract from the Yunshan breeding farm. But its actual value is 134,250 yuan.
.If you want to pick up the goods, you have to make up the price difference..."
"How can it be possible that one hundred sheep are exactly 5,000 kilograms?"
This is ridiculous.
"Five thousand kilograms are marked, and there must be some errors in the actual delivery. But it also says that physical delivery can only be carried out with 10 contracts... With 10 contracts for a thousand sheep and 50,000 kilograms, the amount delivered to the customer will only be too much.
It’ll be less. If it’s more, it’ll be more, it doesn’t matter.”
Boss Zhou let out a long breath, and he probably knew what was going on: "Then what if... the contract I bought now is 26.85 yuan per kilogram. When the time comes for delivery, if the sheep price rises or falls, the contract at that time will still be
Will delivery be carried out at the above price?”
"Of course. When a contract is sold, it means that the sheep farm has sold the sheep. It is now May, and the sheep from Yunshan Farm will not be delivered until November and December. In between, there are
A few months...the sheep contract can be bought and sold freely in the meantime." Chen Mo said with a smile: "One thing is for sure, from now to December, the price of sheep will definitely rise and fall...just like futures."
Boss Zhou nodded. He roughly understood that it was similar to futures. But this market is mainly a seller's market, and the seller here refers to the breeding company... In this way, it is too unfriendly for players who want to short-sell.
.However, if this market becomes bigger in the future, that may not be the case.
Now in the market, in the wholesale market, one kilogram of mutton is 55 yuan. Boss Zhou is a meat wholesaler, and this business is very big...
Domestic live sheep are usually sold when they weigh 60 to 70 pounds, and some are sold at 40 to 50 pounds. The meat yield rate of such sheep is not high... There are many, and the meat yield rate is not even 100%.
50. If the meat yield reaches 60%, then the price of 26.85 yuan per catty of live sheep from Yunshan Breeding Company will be too cheap.
But it’s also troublesome. These sheep cannot be delivered until November.
In November, it is reasonable to say that the price of mutton is the highest at that time, but maybe... There are many factors that affect the price of mutton. One of them is the price of pork...
“Is the contract price fixed?”
"The contract price is fixed, but the face value represented by a contract is not fixed. The sheep contract is different from the wool pig contract. The wool pig contract basically has the same price..." Chen Mo took a sip of tea and continued: "The sheep contract is
It's offered by the breeding company that provides the sheep. You can discuss the specific price with the breeding company. If they sell the contract at a cheaper price, that's fine too..."
The contract price of raw pigs does not represent the price at the time of delivery. The delivery price is determined by the real-time price of raw pigs. Because this is a huge market...
But the price of the sheep contract is equal to the price at the time of delivery... As for the intermediate purchase and sale, it is decided by the contract holder.
"It's easy to understand when buying and selling pig contracts. But how to deal with buying and selling sheep contracts?"
"You can buy up or down pigs. Yunshan Market is a middleman, helping to complete the contract. The dealer of sheep goods is an individual, and is required to hold at least 100 contracts, and they must be fully paid contracts. The dealer can
You can directly participate in betting with bearish customers, or you can place the contract in the market, and the market will regenerate it into a bullish or bearish contract..."
"This banker, why don't you do it yourself?" Boss Zhou took a sip of tea and glanced at Chen Mo.
"The government doesn't allow it." Chen Mo spread his hands helplessly.
Yunshan Market Company belongs to Chen Mo and Bai Xiaoou, but there are hundreds of companies involved in various businesses in the market... There will be more in the future. It would be so fun if Yunshan Market became a banker...
…But other companies involved will not be willing either.
"What are the benefits of being the banker?"
"You can directly participate in gambling. You should know the risks and benefits of gambling... and putting the contract on the market for consignment is considered a secondary sale. After each contract is generated, the market will charge a handling fee.
When closing a position, the profit maker will charge a 50% profit share from the market... Handling fees and profit share will be shared 50% by the market and the banker holding the big contract. The big contract, that is, the full payment contract, holds a 50% profit share.
Fang is a breeding company, a large customer who purchased the contract in full... Then there is a secondary market, that is, in order to facilitate transactions, a large full-pay contract can be split into 100 small contracts... For details, you can go to
Let the marketing department find out."
The delivery date of the small contract is different from that of the large contract, half a month earlier... The transactions of these small contracts are basically completed on the Yunshan Market app. The delivery date of the small contract is the closing date. When the closing is completed, the small contract
It turns into a big contract again, and eventually everything returns to the dealer...Then the dealer holds the big contract, or prepares to sell it, or deliver the physical object...But no matter how you play it, when the big contract delivery date comes, the market will
We will definitely prepare enough live pigs and sheep for slaughter. What we have to do here is a balance...
In this market, if you have enough capital, you can indeed manipulate the price. But so what, it will not affect the Yunshan market, nor will it affect the profits of farmers...
And these big capitals must be big wholesalers like Boss Zhou, big suppliers, or even supermarket chain groups, because they need to deliver spot goods...