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Forward Pricing Program
A **Forward Pricing Contract is a firm agreement between the producer and Ontario Pork for delivery/receipt of an agreed number of hogs in a specific month to be priced at a contract price with a basis adjustment to be applied on date of delivery.
On each business day, that day's forward contract prices for each of 10 forward delivery months will be available by contacting Ontario Pork from 10:30 a.m. to 1:00 p.m. at 1-800-862-9001.
**IMPORTNAT NOTICE**
The forward contract pricing program has been extended to December 14th 2010.
Forward Pricing Program delivery dates past December 15th, 2010 will only be available to producers who have a valid Pool Plus agreement. Producers must be members of the Ontario Pork Marketing Division and will not be able to book past the expiry period of the agreement, unless they extend or re-sign a Pool Plus agreement.
Ontario Pork Marketing Division is currently working on agreements with processors, which would give access to the Forward Pricing program for producers under Direct Contract who settle through the Marketing Division.
The Forward Pricing Program will not be available to producers who ship on the Pool. Ontario Pork Marketing Division must ensure deliveries of hogs against Forward Pricing contracts entered into, otherwise it can lose its exemption granted from the Ontario Securities Commission for running such a program.
For more information please call 1-800-862-9001 or email Wendy Landaverde,
Forward Pricing Program Description
Forward Contracting Months
Target Pricing Information
Setting a Target Price
Forward Contract Prices
Ontario Industry Feeder Pig Formula Price
Adjusted Historical Cash Basis
Historical CME Lean Hog Futures
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