Weekly National Lean Hog Basis (Cash - Futures)
Lean hog future prices are from Chicago Mercantile Exchange (CME) Group, compiled by Barchart; Cash prices are from the USDA-AMS National Daily Direct Hog Prior Day Report – Slaughtered Swine report (LM_HG201), complied by the Livestock Marketing Information Center.
Basis = Cash price – Futures price. The cash price is the total weighted average of all producer sold purchase types. Daily prices are averaged at weekly level to produce weekly Basis.