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| Adjusted Historical Average Ontario Basis Levels* |
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3 Year Average Basis |
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5 Year Average Basis |
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10 Year Average Basis |
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15 Year Average Basis |
| Entire Delivery Period |
Basis |
SDV |
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Basis |
SDV |
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Basis |
SDV |
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Basis |
SDV |
| January 16 - February 14 |
($9.40) |
5.48 |
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($8.40) |
5.54 |
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($7.66) |
6.05 |
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($6.67) |
8.10 |
| February 15 - March 15 |
($9.85) |
4.63 |
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($9.79) |
5.42 |
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($9.47) |
6.71 |
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($8.10) |
8.02 |
| March 16 - April 14 |
($11.03) |
2.80 |
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($8.87) |
3.95 |
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($6.11) |
6.44 |
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($6.36) |
6.23 |
| April 15 - May 15** |
($15.19) |
10.18 |
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($15.11) |
8.93 |
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($14.28) |
9.07 |
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($16.12) |
10.18 |
| May 16 - June 14 |
($3.50) |
4.55 |
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($1.36) |
6.51 |
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($2.43) |
7.40 |
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($2.77) |
6.83 |
| June 15 - July 15 |
($1.09) |
5.25 |
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($1.09) |
5.06 |
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($0.72) |
5.61 |
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($1.02) |
5.38 |
| July 16 - August 14 |
($5.22) |
4.77 |
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($3.39) |
5.24 |
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($0.63) |
7.59 |
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($0.51) |
6.91 |
| August 15 - September 15 |
$4.57 |
9.14 |
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$8.26 |
9.67 |
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$11.81 |
13.49 |
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$11.10 |
12.33 |
| September 16 - October 14 |
($1.68) |
4.16 |
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($0.90) |
4.50 |
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$0.74 |
6.12 |
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$0.67 |
6.39 |
| October 15 - November 15 |
($2.86) |
7.02 |
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($3.14) |
7.35 |
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($2.58) |
9.75 |
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($3.73) |
9.70 |
| November 16 - December 14 |
($11.16) |
5.37 |
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($9.87) |
4.80 |
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($9.94) |
5.86 |
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($9.52) |
6.86 |
| December 15 - January 15 |
($16.82) |
6.42 |
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($17.18) |
6.55 |
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($18.25) |
6.85 |
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($18.81) |
10.60 |
| Annual Average |
($6.94) |
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($5.90) |
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($4.96) |
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($5.15) |
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3 Year Average Basis |
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5 Year Average Basis |
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10 Year Average Basis |
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15 Year Average Basis |
| First Week of Delivery Period |
Basis |
SDV |
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Basis |
SDV |
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Basis |
SDV |
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Basis |
SDV |
| January 16 - February 14 |
($13.27) |
4.62 |
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($13.20) |
3.73 |
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($13.61) |
3.44 |
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($11.76) |
7.60 |
| February 15 - March 15 |
($11.85) |
4.55 |
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($12.66) |
3.99 |
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($10.57) |
7.55 |
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($8.38) |
9.25 |
| March 16 - April 14 |
($10.88) |
2.26 |
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($8.01) |
4.34 |
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($7.38) |
4.73 |
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($6.64) |
5.99 |
| April 15 - May 15** |
($27.63) |
7.42 |
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($25.04) |
6.81 |
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($22.57) |
6.82 |
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($23.10) |
8.73 |
| May 16 - June 14 |
($1.84) |
6.08 |
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$1.55 |
7.72 |
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($2.14) |
9.76 |
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($1.96) |
8.70 |
| June 15 - July 15 |
($6.63) |
3.99 |
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($4.06) |
4.57 |
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($3.65) |
5.01 |
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($3.54) |
4.26 |
| July 16 - August 14 |
($5.17) |
6.24 |
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($1.65) |
7.88 |
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$1.13 |
8.56 |
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$1.51 |
7.63 |
| August 15 - September 15 |
$10.81 |
7.06 |
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$14.70 |
9.10 |
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$21.25 |
10.95 |
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$20.76 |
9.43 |
| September 16 - October 14 |
($0.24) |
5.44 |
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($0.47) |
4.30 |
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$0.30 |
7.11 |
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$0.67 |
7.71 |
| October 15 - November 15 |
$3.69 |
8.75 |
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$4.92 |
7.30 |
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$4.20 |
10.52 |
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$1.56 |
10.14 |
| November 16 - December 14 |
($12.45) |
4.30 |
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($10.34) |
4.29 |
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($11.33) |
6.18 |
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($10.12) |
6.99 |
| December 15 - January 15 |
($15.39) |
4.48 |
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($13.65) |
6.11 |
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($16.32) |
6.79 |
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($17.30) |
8.63 |
| Annual Average |
($7.57) |
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($5.66) |
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($5.06) |
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($4.86) |
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3 Year Average Basis |
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5 Year Average Basis |
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10 Year Average Basis |
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15 Year Average Basis |
| Last Week of Delivery Period |
Basis |
SDV |
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Basis |
SDV |
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Basis |
SDV |
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Basis |
SDV |
| January 16 - February 14 |
($6.88) |
2.20 |
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($5.78) |
4.42 |
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($3.38) |
5.10 |
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($3.12) |
6.65 |
| February 15 - March 15 |
($10.48) |
3.49 |
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($7.49) |
5.15 |
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($7.81) |
5.75 |
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($6.48) |
6.87 |
| March 16 - April 14 |
($8.15) |
2.46 |
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($7.26) |
2.75 |
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($3.75) |
8.12 |
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($4.60) |
7.41 |
| April 15 - May 15** |
($8.85) |
3.86 |
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($7.62) |
3.39 |
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($7.16) |
4.74 |
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($8.97) |
6.11 |
| May 16 - June 14 |
($6.19) |
4.43 |
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($5.64) |
3.53 |
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($6.66) |
3.74 |
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($5.86) |
4.34 |
| June 15 - July 15 |
($3.14) |
3.42 |
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($3.71) |
3.33 |
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($2.77) |
3.65 |
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($1.71) |
4.86 |
| July 16 - August 14 |
($6.23) |
4.58 |
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($4.82) |
4.30 |
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($1.95) |
7.59 |
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($2.32) |
6.79 |
| August 15 - September 15 |
($0.58) |
5.52 |
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$2.16 |
5.96 |
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$0.84 |
9.71 |
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$1.60 |
9.23 |
| September 16 - October 14 |
($4.72) |
3.19 |
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($3.31) |
4.45 |
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($1.19) |
5.32 |
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($1.04) |
6.34 |
| October 15 - November 15 |
($9.83) |
4.30 |
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($10.81) |
3.83 |
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($10.09) |
6.87 |
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($10.18) |
8.64 |
| November 16 - December 14 |
($6.80) |
1.64 |
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($6.38) |
2.23 |
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($6.12) |
4.79 |
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($7.15) |
6.00 |
| December 15 - January 15 |
($16.08) |
5.91 |
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($16.10) |
5.15 |
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($16.59) |
5.42 |
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($16.42) |
9.44 |
| Annual Average |
($7.33) |
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($6.40) |
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($5.55) |
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($5.52) |
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| Notes: The average basis quotes on this page are historical rolling averages for hogs sold on the Pool & Pool Plus programs only. |
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| * Adjusted to reflect new CME cash index and New Ontario Pork futures formula calculations |
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| **Basis Estimates for April-May are likely overstated since basis caluclations have used June Lean hog futures in the past, but is now based on the new May CME lean hog futures. |
| SDV Represents Standard Deviation (Variability) measured over each day in the time period. |
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| Last Updated: May 20, 2009 |
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| Most Recently Updated Delivery Period: April 15 - May 15, 2009 |
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Prepared by: |
| Forward Booking Line: 1(800) 862-9001 Forward Pricing Desk open 11:00 AM to 1:00 PM |
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Ontario Pork | |
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