The history compares the difference between the daily nearby futures price versus the CME® Lean Hog Index (the Index is a two-day weighted average of national slaughter costs).

Average basis differences, standard deviations, observed basis highs and lows are noted. The comparison is made in increments of five days moving back from the day of futures expiration for 40 business days. See the attached documents.

• LH Basis Dec 97-04 (PDF)
• LH Basis Oct 97-04 (PDF)
• LH Basis Aug 97-04 (PDF)
• LH Basis Jul 97-04 (PDF)
• LH Basis Jun 97-04 (PDF)
• LH Basis Apr 97-04 (PDF)
• LH Basis Feb 97-04 (PDF)