Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 1 of 52

Determination of Base Price 530

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average Range, 2 days prior to delivery

LM_PK602, Pork Carcass Cutout, 2 days prior to delivery

Other Terms

Final Price = 35% (Cutout Value + Cutout Premium) + 65% (Weighted Average +Weighted Average Premium) 

+ Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64

Premium/Discount Type: Sort See Schedule: 85

Premium/Discount Type: Cutout Premium, ($13.25)

Premium/Discount Type: Weighted Average Premium

Determination of Base Price 1475

All Reports Referenced

LM_HG212, Negotiated Base Weighted Average, Two Days Prior to Delivery

Other Terms

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($1.00) 

Determination of Base Price 1484

All Reports Referenced

LM_HG200, Weighted Average, Average - 5 days prior to Slaughter

LM_PK602, Pork Carcass Cutout, Average - 5 days prior to Slaughter

Other Terms

Final Price = 50% * Cutout Percent * Cutout Value + 50% * Weighted Average + Carcass Merit Adjustment + 

Scheduling Premium

Premium/Discount Type: Sort See Schedule: 292 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $2.75 

Premium/Discount Type: Cutout Percentage 80%
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 2 of 52

Determination of Base Price 1487

All Reports Referenced

LM_HG200, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day of Slaughter

Nearby Lean Hog, Lean Hog, Day of Slaughter

Other Terms

Selected Prices = hi and low [0.9,1.0, 1.1 bf /6.0(2.0) ld] plus weighted averageOption 1: Final Price = 50% * 

Cutout Percentage * Cutout Value + 50% * 7 number average + Carcass Merit Adjustment + Scheduling

PremiumOption 2: Final Price = CME Price - Basis + Carcass Merit Adjustment.

Premium/Discount Type: Lean See Schedule: 112

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Scheduling, $1.00 

Premium/Discount Type: Basis

Premium/Discount Type: Cutout Percentage 85% 

Determination of Base Price 1488

All Reports Referenced

LM_HG200, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

Other Terms

Selected Prices = hi and low [0.8, 0.9,1.0, 1.1 bf /6.0(2.0) ld] plus weighted averageFinal Price = 9 number 

average + Carcass Merit Adjustment + Scheduling Premium.

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $2.00 

Determination of Base Price 1499

All Reports Referenced

LM_HG212, Weighted Average, Day prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day prior to Slaughter

Other Terms

Final Price = 60% * Cutout Percentage * Cutout Value + 40% * (Weighted Average + Contract Premium) + 

Carcass Merit Adjustment + Freight, if applicable.

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Lean See Schedule: 34

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Freight, $1.25 Delivery to Specified Plant

Premium/Discount Type: Contract Premium, $3.50 

Premium/Discount Type: Cutout Percentage 92%
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Determination of Base Price 1516

All Reports Referenced

LM_HG206, Weighted Average, Day of Delivery

Other Terms

Final Price = Weighted Average (*.74%) + Base Premium + Racto-free Premium + Delivery + 4-Way Cross + 

Silky

Premium/Discount Type: Contract Premium, $3.50 

Premium/Discount Type: Racto-Free Premium, $0.53

Premium/Discount Type: Delivery Timing, $0.45

Premium/Discount Type: Genetic, $2.55

Determination of Base Price 1525

All Reports Referenced

LM_HG212, Weighted Average, Average - 2 days prior to delivery

LM_PK602, Pork Carcass Cutout, Average - 2 days prior to delivery

Other Terms

Final Price = 50% (Cutout Value + Contract Premium) + 50% (Weighted Average + Contract Premium 2) + 

Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($12.25)

Premium/Discount Type: Contract Premium 2, ($1.00) 

Determination of Base Price 1533 

All Reports Referenced

Nearby Lean Hog, Lean Hog, Day of Delivery

Other Terms

Final Price = Base Market Price + Contract Premium + Carcass Merit Adjustments

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112

Premium/Discount Type: Contract Premium, ($5.50) 

Page 3 of 52
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 4 of 52

Determination of Base Price 1534

All Reports Referenced

LM_HG200, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day of Slaughter

Other Terms

Selected Prices = hi and low [0.9,1.0, 1.1 bf /6.0(2.0) ld] plus weighted averageFinal Price = 50% * Cutout 

Percentage * Cutout Value + 50% * 7 number average + Carcass Merit Adjustment + Scheduling Premium.

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112

Premium/Discount Type: Cutout Percentage 80%

Premium/Discount Type: Scheduling, $1.00 

Determination of Base Price 1535

All Reports Referenced

LM_HG200, Weighted Average, Day of Slaughter

LM_PK602, Pork Carcass Cutout, Day of Slaughter

Other Terms

Final Price = 50% (Cutout Percentage * Cutout Value) + 50% Weighted Average + Carcass merit Adjustment

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112

Premium/Discount Type: Cutout Percentage 83% 

Determination of Base Price 1536 

All Reports Referenced

LM_HG200, Weighted Average, Average - 5 days prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day of Slaughter

Other Terms

Final Price = 50% (Cutout Percentage * Cutout Value) + 50% Weighted Average + Carcass merit Adjustment

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112

Premium/Discount Type: Cutout Percentage 82%
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 5 of 52

Determination of Base Price 1537

All Reports Referenced

CME Delivery PM, Lean Hog, Day Contracted

LM_HG200, Weighted Average, Average - 5 days prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day of Delivery

Other Terms

Option 1: Final Price = 50% (Cutout Percentage * Cutout Value) + 50% (Weighted Average + Contract

Premium) + Carcass merit Adjustment + Scheduling PremiumOption 2: Final Price = CME Value + Basis +

Carcass Merit Adjustment, must be scheduled 60 days prior to delivery week.

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112

Premium/Discount Type: Scheduling, $1.50 

Premium/Discount Type: Cutout Percentage 85%

Premium/Discount Type: Basis, ($4.00) 

Determination of Base Price 1538

All Reports Referenced

LM_HG206, Negotiated Base Weighted Average, Day prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day prior to Slaughter

Other Terms

Final Price = 50% (Cutout Percentage * Cutout Value) + 50% (Weighted Average + Contract Premium) + 

Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Cutout Percentage 91%

Premium/Discount Type: Contract Premium, $2.00 

Determination of Base Price 1540

All Reports Referenced

LM_HG203, Weighted Average, Day prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day prior to Slaughter

Other Terms

Final Price = 50% (Cutout Percentage * Cutout Value) + 50% (Weighted Average + Contract Premium) + 

Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Cutout Percentage 91%

Premium/Discount Type: Contract Premium, $3.50 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 6 of 52

Determination of Base Price 1541

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day prior to Slaughter

Other Terms

Final Price = 33.33% (Cutout Percentage * Cutout Value) + 66.67% (CME Percentage * Index Value) + 

Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Cutout Percentage 93%

Premium/Discount Type: CME Percentage 100.75%

Determination of Base Price 1543

All Reports Referenced

LM_HG207, Swine or Pork Market Weighted Average, Day of Delivery

LM_HG208, Swine or Pork Market Weighted Average, Day of Delivery

Other Terms

Floor Price (FP) is based on COP schedule.

Market Price (MP) = 50% 207 Weighted Average + 50% 208 Weighted Average + Contract Premium if MP < 

FP- 5.00, Final Price = MP + 50% ((FP-5.00) - MP) + Carcass Merit Adjustment if MP < FP and > FP -5.00, 

Final Price = FP + Carcass Merit Adjustment if MP > FP, Final Price = MP + 50% (MP - FP) + Carcass Merit 

Adjustment. See Schedule: 280

Premium/Discount Type: Sort See Schedule: 227 

Premium/Discount Type: Antibiotic Free$6.00 

Premium/Discount Type: Contract Premium, $2.00 

Determination of Base Price 1550

All Reports Referenced

LM_HG203, Weighted Average, Two Days Prior to Delivery

LM_PK602, Pork Carcass Cutout, Two Days Prior to Delivery

Other Terms

Final Price = 35% (Cutout Value + Cutout Premium) + 65% (Weighted Average + Contract Premium) + 

Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Cutout Premium, ($12.25) 

Premium/Discount Type: Contract Premium, ($0.50) 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 7 of 52

Determination of Base Price 1562

All Reports Referenced

Week Prior

Other Terms

Final Price = CME day of kill + 1.00 scheduling - sort discounts. No Lean Premiums 

Premium/Discount Type: Scheduling, $1.00 

Determination of Base Price 1618

All Reports Referenced

LM_HG212, 

LM_PK602, 

Other Terms

Final Price = (.60*(.90*CPC value)) + (.40*(WCB PM WA + $2.75)) 

Determination of Base Price 1621

All Reports Referenced

LM_PK602, 2 days prior to delivery

Other Terms

Final Price = Carcass Cutout Value x .80 

Determination of Base Price 1633

All Reports Referenced

LM_HG212, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $3.00 

Determination of Base Price 1635

All Reports Referenced

LM_HG200, Weighted Average, Day Prior to Delivery

LM_PK602, 

Other Terms

Base Price = ((.935 * CPC Value) + (WCB PM WA + $2.50)) / 2 

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $2.50 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 8 of 52

Determination of Base Price 1637

All Reports Referenced

LM__PK602, Carcass Average, Day Prior to Delivery

Other Terms

Final Price = 85% CPC value 

Determination of Base Price 308

All Reports Referenced

LM_HG207, Negotiated Base Weighted Average, Day of Slaughter

LM_HG207, Swine or Pork Market Weighted Average, Day of Slaughter

LM_HG208, Negotiated Base Weighted Average, Day of Slaughter

LM_HG208, Swine or Pork Market Weighted Average, Day of Slaughter

LM_PK602, Pork Carcass Cutout, Day of Slaughter

Nearby Lean Hog, Lean Hog, Day Contracted

Other Terms

Market Price (MP) = average of 5 swine/pork market prices Adjustment will be made based on CME 

transaction.

Premium/Discount Type: CME Transaction Fee, ($100.00) 

Determination of Base Price 619

All Reports Referenced

Lean Hog Index, Lean Hog, 2 days prior to delivery

Nearby Lean Hog, Lean Hog, Day of Delivery

Other Terms

Final Price = CME Price + Carcass Merit Adjustment + Volume shortfall Discount

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Volume Shortfall, ($5.00) per head assessed quarterly 

Determination of Base Price 1080

All Reports Referenced

Nearby Lean Hog, Lean Hog, Day Contracted

Other Terms

Final Price = CME Price + Basis + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Basis, ($3.00) 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 9 of 52

Determination of Base Price 1096

All Reports Referenced

Nearby Lean Hog, Lean Hog, Day Contracted

Other Terms

Final Live Price = (CME Price * 75.5%) + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 119 

Determination of Base Price 1097

All Reports Referenced

Nearby Lean Hog, Lean Hog, Day Contracted

Other Terms

Final Live Price = (CME Price * 75.5%) + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 220 

Determination of Base Price 1098 

All Reports Referenced

Nearby Lean Hog, Lean Hog, Day Contracted

Other Terms

Final Live Price = (CME Price * 75.5%) + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 119 

Determination of Base Price 1174

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Slaughter

Nearby Lean Hog, Lean Hog, Day prior to Slaughter

Other Terms

Final Price = 50% Day Prior CME + 50% CME Index + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, ($0.50) 

Determination of Base Price 1181

All Reports Referenced

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

Final Live Price = (CME Price * 75.5%) + Carcass Merit Adjustment Risk management positions shall be 

repurchased at CME Price and this price will be used for purchase.

Premium/Discount Type: Sort See Schedule: 119 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 10 of 52

Determination of Base Price 1188

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Day prior to Slaughter

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

First specified volume per delivery period, Final Price = CME Price + Contract Premium + Carcass Merit 

Adjustment. For remaining deliveries per delivery period, Final Price = (Cutout Percentage * Cutout Price) + 

Carcass Merit Adjustment. Delivery period is one week.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Cutout Percentage 93%

Premium/Discount Type: Contract Premium, ($0.25) 

Determination of Base Price 1220

All Reports Referenced

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

Final Live Price = (CME Price * 75.5%) + Carcass Merit Adjustment Risk management positions shall be 

repurchased at CME Price and this price will be used for purchase.

Premium/Discount Type: Sort See Schedule: 119 

Determination of Base Price 1221

All Reports Referenced

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

Final Live Price = (CME Price * 75.5%) + Carcass Merit Adjustment Risk management positions shall be 

repurchased at CME Price and this price will be used for purchase.

Premium/Discount Type: Sort See Schedule: 119 

Determination of Base Price 1233

All Reports Referenced

Lean Hog Index, Lean Hog, 2 days prior to delivery

LM_PK602, Pork Carcass Cutout, 2 days prior to delivery

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

1st 3 loads, Base Price = Lean Hog Value all remaining loads, Base Price = 50% (CME Percentage * Lean 

Index) + 50% (Cutout Percentage * Cutout Value) Final Value = Base Price + Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: CME Percentage 99%

Premium/Discount Type: Cutout Percentage 93%
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 11 of 52

Determination of Base Price 1331

All Reports Referenced

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

Final Price = CME Value + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($5.00) 

Determination of Base Price 1349

All Reports Referenced

LM_HG203, Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

First specified volume per delivery period, Final Price = CME Price + Contract Premium + Carcass Merit 

Adjustment. For remaining deliveries in a delivery period, Final Price = 50 % (Cutout Percentage * Cutout 

Price) + 50% (Weighted Average + Contract Premium 2) + Carcass Merit Adjustment Delivery period is four 

weeks.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Determination of Base Price 1359

All Reports Referenced

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

Final Price = CME Value + Contract Premium + Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Contract Premium, ($2.00) 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 12 of 52

Determination of Base Price 1365

All Reports Referenced

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

Final Price = CME Value + Contract Premium + Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Contract Premium, ($1.00) 

Determination of Base Price 1400

All Reports Referenced

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

Final Price = CME Value + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 127 

Premium/Discount Type: Contract Premium, ($3.00) 

Determination of Base Price 1170

All Reports Referenced

LM_HG201, Weighted Average, Day of Delivery

Nearby Lean Hog, excluding May, High, Low, Settle, Week Prior

Other Terms

Final Price = 50 % (CME Price + Contract Premium) + 50% (Base Percent * National Price) + Carcass Merit

Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Base Percentage 103.5%

Premium/Discount Type: Contract Premium, ($0.25) 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 13 of 52

Determination of Base Price 1219

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Day of Delivery

Nearby Lean Hog, excluding May, Lean Hog, Day of Delivery

Other Terms

Final Price = 33% (Cutout Percent * Cutout Price) + 33% (Nearby CME) + 34% (Iowa/Minnesota Price + 

Contract Premium) + Carcass Merit Adjustment + Freight when applicable. OPTION: CME Price + Basis + 

Carcass Merit Adjustment.

Premium/Discount Type: Sort See Schedule: 234 

Premium/Discount Type: Cutout Percentage 94%

Premium/Discount Type: Contract Premium, $3.00 

Premium/Discount Type: Freight, $1.15 Delivery to Specified Plant

Premium/Discount Type: Basis, ($1.25) 

Determination of Base Price 549

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

Other Terms

Final Price = CME Price + Basis + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 69 

Premium/Discount Type: Basis, ($5.00) 

Determination of Base Price 550

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

Other Terms

Final Price = CME Price + basis + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 69 

Premium/Discount Type: Basis, ($4.00) 

Determination of Base Price 567

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

Other Terms

Base Price = Lean Hog Index - Negotiated Discount
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 14 of 52

Determination of Base Price 582

All Reports Referenced

Lean Hog Index, Lean Hog, Last trading day prior to delivery

Other Terms

Final Price = CME Price + Basis + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($4.25) 

Determination of Base Price 610 

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

Other Terms

Final Price = CME Index + Sort Discount

Premium/Discount Type: Sort See Schedule: 90 

Determination of Base Price 611

All Reports Referenced

Lean Hog Index, Lean Hog, Average - 2 days prior to delivery

Other Terms

Final Price = CME Index + Sort Discount

Premium/Discount Type: Sort See Schedule: 90 

Determination of Base Price 618

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day of Delivery

Other Terms

Final Price = Average of Market Prices + Carcass Merit Adjustment + Volume Shortfall Discount

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Volume Shortfall, ($5.00) per head assessed quarterly

Determination of Base Price 619

All Reports Referenced

Lean Hog Index, Lean Hog, 2 days prior to delivery

Nearby Lean Hog, Lean Hog, Day of Delivery

Other Terms

Final Price = CME Price + Carcass Merit Adjustment + Volume shortfall Discount

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Volume Shortfall, ($5.00) per head assessed quarterly 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 15 of 52

Determination of Base Price 634

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

Other Terms

Final Price = Market Price + Contact Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 127 

Premium/Discount Type: Sort Lots averaging < 200 pounds or > 240 pounds live will be purchased at plant 

price

Premium/Discount Type: Contract Premium, ($3.00) 

Determination of Base Price 783

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

Other Terms

Final Price = Lean Hog Index + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Determination of Base Price 1133

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

Other Terms

Final Price = CME Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 69 

Premium/Discount Type: Contract Premium, ($4.50) 

Determination of Base Price 1139

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

Other Terms

Final Price = CME Index + Contract Premium + Carcass Merit Adjustment + No Beta Agonist Premium, when 

applicable

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: No Beta Agonist$0.65 

Premium/Discount Type: Contract Premium, $0.88 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 16 of 52

Determination of Base Price 1160

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

Other Terms

Final Price = (Cutout Percent * Cutout Price) + Carcass Merit Adjustment + No Beta Agonist Premium, when 

applicable

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: No Beta Agonist$0.50 

Premium/Discount Type: CME Percentage 100.55% 

Determination of Base Price 1161

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

Other Terms

Final Price = (Cutout Percent * Cutout Price) + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Cutout Percentage 100.15% 

Determination of Base Price 1162

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

Other Terms

Final Price = (Cutout Percent * Cutout Price) + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Cutout Percentage 99.25% 

Determination of Base Price 1163

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

Other Terms

Final Price = (Cutout Percent * Cutout Price) + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Cutout Percentage 99.25% 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 17 of 52

Determination of Base Price 1164

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

Other Terms

Final Price = (Cutout Percent * Cutout Price) + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Cutout Percentage 99.5% 

Determination of Base Price 1174

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Slaughter

Nearby Lean Hog, Lean Hog, Day prior to Slaughter

Other Terms

Final Price = 50% Day Prior CME + 50% CME Index + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, ($0.50) 

Determination of Base Price 1233

All Reports Referenced

Lean Hog Index, Lean Hog, 2 days prior to delivery

LM_PK602, Pork Carcass Cutout, 2 days prior to delivery

Nearby Lean Hog, Lean Hog, Last trading day prior to delivery

Other Terms

1st 3 loads, Base Price = Lean Hog Value all remaining loads, Base Price = 50% (CME Percentage * Lean 

Index) + 50% (Cutout Percentage * Cutout Value) Final Value = Base Price + Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: CME Percentage 99%

Premium/Discount Type: Cutout Percentage 93% 

Determination of Base Price 1303 

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

Other Terms

Final Price = Index Value + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 18 of 52

Determination of Base Price 1309

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

Other Terms

Final Price = Index Value + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($3.50) 

Determination of Base Price 1328

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

Other Terms

Final Price = Index Value + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($5.25) 

Determination of Base Price 1336

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Slaughter

Other Terms

Final Price = Index Value + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Contract Premium, $0.50 

Determination of Base Price 1353

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day of Delivery

Other Terms

Final Price = 50% (Cutout Percentage * Cutout Value) + 50% (CME Percentage * Lean Index Value) + 

Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Cutout Percentage 92%

Premium/Discount Type: CME Percentage 99%
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 19 of 52

Determination of Base Price 1355

All Reports Referenced

Lean Hog Index, Lean Hog, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day of Delivery

Other Terms

Final Price = 50% (Cutout Percentage * Cutout Value) + 50% (CME Percentage * Lean Index Value) + Carcass 

Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Cutout Percentage 92.25%

Premium/Discount Type: CME Percentage 102.25%

Determination of Base Price 1391

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 66.67% (CME Percent * Lean Index) + 33.33% (Cutout Percentage * Cutout Value) + Carcass 

Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: CME Percentage 100.5%

Premium/Discount Type: Cutout Percentage 94.72% 

Determination of Base Price 1406

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, 2 days prior to delivery

Other Terms

Final Price = 50% (Cutout Value + Contract Premium) + 50% (Lean Index + Contract Premium 2) + Carcass 

Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($12.25) 

Premium/Discount Type: Contract Premium 2, ($4.50) 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 20 of 52

Determination of Base Price 1409

All Reports Referenced

Lean Hog Index, Lean Hog, Day Prior to Delivery

Other Terms

Final Price = Index Value + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($5.10) 

Determination of Base Price 299

All Reports Referenced

LM_HG207, Negotiated Base Weighted Average, Day of Delivery

LM_HG207, Swine or Pork Market Weighted Average, Day of Delivery

LM_HG208, Negotiated Base Weighted Average, Day of Delivery

LM_HG208, Swine or Pork Market Weighted Average, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day of Delivery

Other Terms

Base Price = average of 5 market swine/pork reports converted to live + $0.75

Premium/Discount Type: Antibiotic Free $11.00 - $13.00 based on volume

Premium/Discount Type: Sort 2% quarterly allowance outside target weight range-$20/head heavy-$10/head 

light 

Determination of Base Price 559

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average Range, Average - 3 days prior to delivery

LM_PK602, Pork Carcass Cutout, Avg - 3 days reported 2 days prior to delivery

Other Terms

Base Price = 50% (90.5% Cutout Value) + 50% Negotiated Base Range Average

Premium/Discount Type: Regional East, $1.70 

Determination of Base Price 560

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Avg - 3 days reported 2 days prior to delivery

Other Terms

Final Price = Market Price + Contract Premium + Carcass Merit Adjustment.

Premium/Discount Type: Sort See Schedule: 69 

Premium/Discount Type: Contract Premium, ($9.25) 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 21 of 52

Determination of Base Price 564 

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Avg - 3 days reported 2 days prior to delivery

Other Terms

Final Price = Market Price + Contract Premium + Carcass Merit Adjustment.

Premium/Discount Type: Sort See Schedule: 69 

Premium/Discount Type: Contract Premium, ($9.00) 

Determination of Base Price 571

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average Range, Avg - 3 days reported 2 days prior to delivery

LM_PK602, Pork Carcass Cutout, Avg - 3 days reported 2 days prior to delivery

Other Terms

Base Price = 50% (Cutout Value - $9.50) + 50% (Negotiated Base Range Average + $1.00)

Premium/Discount Type: Regional West, $1.70 

Determination of Base Price 572

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average Range, Average - 3 days prior to delivery

LM_PK602, Pork Carcass Cutout, Avg - 3 days reported 2 days prior to delivery

Other Terms

Base Price = 50% (91% Cutout Value) + 50% (Negotiated Base Range Average + $1.25)

Premium/Discount Type: Regional East, $1.70 

Determination of Base Price 577

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = Market Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Contract Premium, See Schedule: 67 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 22 of 52

Determination of Base Price 581

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = Market Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($9.50) 

Determination of Base Price 636

All Reports Referenced

LM_HG207, Negotiated Base Weighted Average, Day of Delivery

LM_HG207, Swine or Pork Market Weighted Average, Day of Delivery

LM_HG208, Negotiated Base Weighted Average, Day of Delivery

LM_HG208, Swine or Pork Market Weighted Average, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day of Delivery

Other Terms

Base Price = Simple Average of 5 reported market prices

Premium/Discount Type: Lean See Schedule: 82 

Premium/Discount Type: Sort See Schedule: 103 

Premium/Discount Type: Trim See Schedule: 100 

Premium/Discount Type: Contract Premium, $0.75 

Determination of Base Price 638

All Reports Referenced

LM_HG207, Negotiated Base Weighted Average, Day of Delivery

LM_HG207, Swine or Pork Market Weighted Average, Day of Delivery

LM_HG208, Negotiated Base Weighted Average, Day of Delivery

LM_HG208, Swine or Pork Market Weighted Average, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day of Delivery

Other Terms

Base Price = Simple Average of 5 reported market prices

Premium/Discount Type: Lean See Schedule: 82 

Premium/Discount Type: Sort See Schedule: 103 

Premium/Discount Type: Trim See Schedule: 100 

Premium/Discount Type: Contract Premium, $5.00 includes $2.00 for Antibiotic Free 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 23 of 52

Determination of Base Price 640

All Reports Referenced

LM_HG207, Negotiated Base Weighted Average, Day of Delivery

LM_HG207, Swine or Pork Market Weighted Average, Day of Delivery

LM_HG208, Negotiated Base Weighted Average, Day of Delivery

LM_HG208, Swine or Pork Market Weighted Average, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day of Delivery

Other Terms

Ceiling Price (CP) = Simple Average of 5 reported market prices +$ 5.75Floor Price (FP) = Simple Average of 

5 reported market prices - $4.25. Base Price (BP) = 96% Cutout Value IF BP<FP, then Final Price = FP+ 

Carcass Merit Adjustment. IF BP> CP, then Final Price = CP+ Carcass Merit Adjustment if BP > FP and < CP, 

then Final Price = BP + Carcass Merit Adjustment

Premium/Discount Type: Lean See Schedule: 82 

Premium/Discount Type: Sort See Schedule: 103 

Premium/Discount Type: Trim See Schedule: 100 

Determination of Base Price 690

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Day of Slaughter

Other Terms

Base Price = 95% Market Price

Premium/Discount Type: Sort See Schedule: 111 

Determination of Base Price 731

All Reports Referenced

LM_HG207, Swine or Pork Market Weighted Average, Day of Delivery

LM_HG208, Swine or Pork Market Weighted Average, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day of Delivery

Other Terms

Final Price = Average of 3 Market Prices

Premium/Discount Type: Trim See Schedule: 41 

Premium/Discount Type: Sort See Schedule: 227 

Determination of Base Price 973

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 92% Cutout Value + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 24 of 52

Determination of Base Price 987

All Reports Referenced

LM_HG212, Weighted Average, Day prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day prior to Slaughter

Other Terms

Final Price = 50% (Cutout Percentage (Cutout Price) + 50% (WCB Price + Contract Premium) + Carcass Merit 

Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $3.50 

Premium/Discount Type: Cutout Percentage 95.5% 

Determination of Base Price 1006

All Reports Referenced

LM_HG203, Weighted Average, Day prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day prior to Slaughter

Other Terms

Final Price = 50% Cutout Percent (Cutout Price) + 50% (National Weighted Average + Contract Premium) + 

Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Cutout Percentage 92%

Premium/Discount Type: Contract Premium, $1.00 

Determination of Base Price 1166

All Reports Referenced

LM_HG206, Weighted Average, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day of Delivery

Other Terms

Final Price = 50 % (Cutout Percent * Cutout Price) + 50% Iowa/Minnesota Price + Contract Premium + Carcass 

Merit Adjustment + No Beta Agonist Premium, when applicable

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: No Beta Agonist$0.40 

Premium/Discount Type: Cutout Percentage 93%

Premium/Discount Type: Contract Premium, $2.25 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 25 of 52

Determination of Base Price 1167

All Reports Referenced

LM_HG206, Weighted Average, Day prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day prior to Slaughter

Other Terms

Final Price = 50 % (Cutout Percent * Cutout Price) + 50% Iowa/Minnesota Price + Contract Premium + Carcass 

Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $3.25 

Premium/Discount Type: Cutout Percentage 93%

Determination of Base Price 1172

All Reports Referenced

LM_HG203, Weighted Average, Day prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day prior to Slaughter

Other Terms

Final Price = 50 % (Cutout Percentage * Cutout Price) + 50% (National Price + Contract Premium) + Carcass 

Merit Adjustment + No Beta Agonist Premium, when Applicable

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: No Beta Agonist$0.40 

Premium/Discount Type: Contract Premium, $2.75 

Premium/Discount Type: Cutout Percentage 93%

Determination of Base Price 1177

All Reports Referenced

LM_HG203, Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 33 % (Cutout Percent * Cutout Price) + 67%% (National Price + Contract Premium) + Carcass 

Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $3.00 

Premium/Discount Type: Cutout Percentage 93%
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 26 of 52

Determination of Base Price 1341

All Reports Referenced

LM_HG210, Swine Market Prod Sold Average Net, Day of Delivery

LM_HG212, Swine Market Prod Sold Average Net, Day of Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Floor Price = (ECB Weighted Average + WCB Weighted Average)/2 - $3.00Ceiling Price = (ECB Weighted 

Average + WCB Weighted Average)/2 + $7.00

Base Price = Cutout Percentage * Cutout Value If Base Price >= Floor Price and <= Ceiling Price, Final Price = 

Base Price + Carcass Merit Adjustment if Base Price > Ceiling Price, Final Price = Base Price + (Base Price - 

Ceiling Price) + Carcass Merit Adjustment if Base Price < Floor Price, Final Price = Base Price + (Floor Price - 

Base Price) + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 227 

Premium/Discount Type: Cutout Percentage 92%

Determination of Base Price 1344

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Floor Price = 88% Cutout Value Ceiling Price = 92% Cutout Value

Market Price (MP) = Weighted Average + Contract Premium if MP < Floor Price, Final Price = Floor Price + 

Carcass Merit Adjustment if MP > Ceiling Price, Final Price = Ceiling Price + Carcass Merit Adjustment; If MP 

>= Floor Price and <= Ceiling Price, Final Price = Market Price + Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Determination of Base Price 1348

All Reports Referenced

LM_HG212, Negotiated Base Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 50% (Cutout Percentage * Cutout Value) + 50% (Weighted Average + Contract Premium) + 

Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 27 of 52

Determination of Base Price 1350

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = (Cutout Percentage * Cutout Value) + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Determination of Base Price 1351

All Reports Referenced

LM_HG212, Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Floor Price = 87% (Cutout Value) Ceiling Price = 92% (Cutout Value)

Market Price (MP) = Weighted Average + Contract Premium if MP < Floor Price, Final Price = Floor Price + 

Carcass Merit Adjustment if MP > Ceiling Price, Final Price = Ceiling Price + Carcass Merit Adjustment; If MP 

>= Floor Price and <= Ceiling Price, Final Price = Market Price + Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Determination of Base Price 1354

All Reports Referenced

LM_HG212, Negotiated Base Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 50% (Cutout Percentage * Cutout Value) + 50% (Weighted Average + Contract Premium) + 

Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Determination of Base Price 1356 

All Reports Referenced

LM_HG206, Negotiated Base Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 50% (Cutout Percentage * Cutout Value) + 50% (Weighted Average + Contract Premium) + 

Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 28 of 52

Determination of Base Price 1357

All Reports Referenced

LM_HG212, Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = (Cutout Percentage * Cutout Value) + (Weighted Average +Contract Premium) + Carcass Merit 

Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Cutout Percentage 92%

Premium/Discount Type: Contract Premium, $3.00 

Determination of Base Price 1358

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = (Cutout Percentage * Cutout Value) + Contract Premium + Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Contract Premium, $1.25 

Premium/Discount Type: Cutout Percentage 89.5% 

Determination of Base Price 1360

All Reports Referenced

LM_HG212, Negotiated Base Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 50% (Cutout Percentage * Cutout Value) + 50% (Weighted Average + Contract Premium) + 

Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Cutout Percentage 93.5%

Premium/Discount Type: Contract Premium, $2.50 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 29 of 52

Determination of Base Price 1363

All Reports Referenced

LM_HG212, Negotiated Base Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 40% (WCB Weighted Average + Contract Premium) + 60% (Cutout Percentage * Cutout Value)) 

+ Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7

Premium/Discount Type: Lean See Schedule: 34

Premium/Discount Type: Sort See Schedule: 80

Premium/Discount Type: Contract Premium, $2.75

Premium/Discount Type: Cutout Percentage 93%

Determination of Base Price 1366

All Reports Referenced

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = (Cutout Percentage * Cutout Value) + Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Cutout Percentage 92%

Determination of Base Price 1368

All Reports Referenced

LM_HG206, Weighted Average, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 50% (Weighted Average + Contract Premium) + 50% (Cutout Percentage * Cutout Value) + 

Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $2.00 

Premium/Discount Type: Cutout Percentage 92.25% 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 30 of 52

Determination of Base Price 1370

All Reports Referenced

LM_HG206, Prod Sold Negotiated Average Base, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 50% (Negotiated Average + Contract Premium) + 50% (Cutout Percentage * Cutout Value) + 

Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $1.50 

Premium/Discount Type: Cutout Percentage 92% 

Determination of Base Price 1390

All Reports Referenced

LM_HG203, Prod Sold Negotiated Average Base, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 50% (Negotiated Average + Contract Premium) + 50% (Cutout Percentage * Cutout Value) + 

Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $3.25 

Premium/Discount Type: Cutout Percentage 91.72% 

Determination of Base Price 1392

All Reports Referenced

LM_HG201, Prod Sold Negotiated Average Net, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 50% (Negotiated Net) + 50% (Cutout Percentage * Cutout Value) + Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Cutout Percentage 92.72% 

Determination of Base Price 1393

All Reports Referenced

LM_HG203, Prod Sold Negotiated Average Base, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 66.67% (Negotiated Average + Contract Premium) + 33.33% (Cutout Percentage * Cutout Value) 

+ Carcass Merit Adjustment.

Premium/Discount Type: Carcass Merit See Schedule: 7

Premium/Discount Type: Cutout Percentage 93.72%

Premium/Discount Type: Contract Premium, $3.00
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 31 of 52

Determination of Base Price 1394

All Reports Referenced

LM_HG212, Prod Sold Negotiated Average Base, Day Prior to Delivery

LM_PK602, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Final Price = 50% (Negotiated Average + Contract Premium) + 50% (Cutout Value * Cutout Percentage) + 

Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Cutout Percentage 90.72%

Premium/Discount Type: Contract Premium, $3.00 

Determination of Base Price 1395

All Reports Referenced

LM_HG203, Weighted Average, Day prior to Slaughter

LM_PK602, Pork Carcass Cutout, Day prior to Slaughter

Other Terms

Final Price = 50% (Weighted Average + Contract Premium) + 50% (Cutout Percent * Cutout Value)

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $3.00 

Premium/Discount Type: Cutout Percentage 88.75% 

Determination of Base Price 1398

All Reports Referenced

LM_HG212, Weighted Average, 2 days prior to delivery

LM_PK602, Pork Carcass Cutout, 2 days prior to delivery

Other Terms

Final Price = 50% (Cutout Value + Contract Premium) + 50% (Weighted Average + Contract Premium 2) + 

Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($13.25) 

Premium/Discount Type: Contract Premium 2, ($2.00) 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 32 of 52

Determination of Base Price 1436

All Reports Referenced

LM_HG203, Weighted Average, Two Days Prior to Delivery

LM_PK602, Pork Carcass Cutout, 2 days prior to delivery

Other Terms

Final Price = 50% (Cutout Value + Cutout Premium) + 50% (Weighted Average + Contract Premium) + + 

Loose Housing Premium, if applicable + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Cutout Premium, ($12.25) 

Premium/Discount Type: Contract Premium, ($1.50) 

Premium/Discount Type: Loose Sow Housing, $1.00 

Determination of Base Price 1437

All Reports Referenced

LM_HG203, Weighted Average, 2 days prior to delivery

LM_PK602, Pork Carcass Cutout, 2 days prior to delivery

Other Terms

Final Price = 50% (Cutout Value + Cutout Premium) + 50% (Weighted Average + Contract Premium) + 

Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Cutout Premium, ($12.25) 

Premium/Discount Type: Contract Premium, ($2.00) 

Determination of Base Price 692

All Reports Referenced

LM_PK600, Pork Carcass Cutout, Day Prior to Delivery

Other Terms

Base Price = 90% Cutout Value

Premium/Discount Type: Carcass Merit See Schedule: 64 

Determination of Base Price 657

All Reports Referenced

LM_HG200, Weighted Average, Day of Slaughter

Other Terms

Final Price = Market Price + Scheduling Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $2.00 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 33 of 52

Determination of Base Price 658 

All Reports Referenced

LM_HG200, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

Other Terms

Selected Prices = hi and low [0.8, 0.9, 1.0, 1.1 bf /6.0(2.0) ld] plus Weighted average

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $3.15 

Determination of Base Price 659

All Reports Referenced

LM_HG200, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

Other Terms

Selected Prices = hi and low [0.8, 0.9, 1.0, 1.1 bf /6.0(2.0) ld] plus Weighted average

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $2.50 Non-Forward contracted hogs

Premium/Discount Type: CME Flat Basis, ($4.00) CME execution date 60 days prior to delivery week 

Determination of Base Price 660

All Reports Referenced

LM_HG200, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

Other Terms

Selected Prices = hi and low [0.8, 0.9, 1.0, 1.1 bf /6.0(2.0) ld] plus Weighted average

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $3.00 

Premium/Discount Type: CME Flat Basis, ($4.00) CME execution date 60 days prior to delivery week 

Determination of Base Price 665

All Reports Referenced

LM_HG200, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

Other Terms

Selected Prices = hi and low [0.9, 1.0, 1.1 bf /6.0(2.0) ld] plus Weighted average

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $2.00 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 34 of 52

Determination of Base Price 669

All Reports Referenced

LM_HG200, Weighted Average, Day of Slaughter

Other Terms

Final Price = Market Price + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Determination of Base Price 948

All Reports Referenced

LM_HG200, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

Other Terms

Selected Prices = hi and low [0.9, 1.0, 1.1 bf /6.0(2.0) ld] plus weighted average Final Price = Selected Price 

Average + Scheduling Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $2.75 

Determination of Base Price 1070

All Reports Referenced

LM_HG200, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

Other Terms

Final Price = National Price +Scheduling Premium + Carcass Merit Adjustments elected Prices = hi and low 

[0.9, 1.0, 1.1 bf /6.0(2.0) ld] plus weighted average

Premium/Discount Type: Sort See Schedule: 218 

Premium/Discount Type: Scheduling, $3.00 

Determination of Base Price 1073

All Reports Referenced

LM_HG200, Weighted Average, Average - 5 days prior to Slaughter

Other Terms

Price converted to live by multiply by 75%. Final Price = National Weighted Average + Sort Adjustment

Premium/Discount Type: Sort See Schedule: 113 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 35 of 52

Determination of Base Price 1076

All Reports Referenced

LM_HG200, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

Other Terms

Final Price = National Net Price + Scheduling Premium + Carcass Merit Adjustments elected Prices = hi and 

low [0.8, 0.9, 1.0, 1.1 bf /6.0(2.0) ld] plus weighted average

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $2.00 

Determination of Base Price 1077

All Reports Referenced

LM_HG200, Weighted Average, Average - 5 days prior to Slaughter

Other Terms

Final Price = National Weighted Average + Scheduling Premium + Carcass Merit Adjustment

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Scheduling, $1.00 

Determination of Base Price 1079

All Reports Referenced

LM_HG200, Weighted Average, Day of Slaughter

Other Terms

Final Price = National Weighted Average + Scheduling Premium + Carcass Merit Adjustment

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $2.00 

Determination of Base Price 969

All Reports Referenced

LM_HG201, Prod Sold Negotiated Average Net, Day of Delivery

Other Terms

Final Price = 98% Net Price + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 36 of 52

Determination of Base Price 978 

All Reports Referenced

LM_HG201, Prod Sold Negotiated Average Net, Day of Slaughter

Other Terms

Final Price = Base Percent (Negotiated Net Price) + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Base Percentage 99%

Determination of Base Price 980

All Reports Referenced

LM_HG201, Prod Sold Negotiated Average Net, Day of Slaughter

Other Terms

Final Price = Base Percent (Negotiated Net Price) + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Base Percentage 100.5% 

Determination of Base Price 982

All Reports Referenced

LM_HG201, Prod Sold Negotiated Average Net, Day of Slaughter

Other Terms

Final Price = Base Percent (Negotiated Net Price) + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Base Percentage 101.5% 

Determination of Base Price 983

All Reports Referenced

LM_HG201, Prod Sold Negotiated Average Net, Day of Slaughter

Other Terms

Final Price = Base Percent (Negotiated Net Price) + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Base Percentage 99.75% 

Determination of Base Price 986

All Reports Referenced

LM_HG201, Prod Sold Negotiated Average Net, Day of Slaughter

Other Terms

Final Price = Base Percent (Negotiated Net Price) + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Base Percentage 101.2% 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 37 of 52

Determination of Base Price 1343

All Reports Referenced

LM_HG201, Weighted Average, Day of Delivery

LM_HG203, Weighted Average, Day of Delivery

Other Terms

Final Price = 50% (Base Percentage * 201 Weighted Average) + 50% (203 Weighted Average + Contract 

Premium

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Determination of Base Price 1379

All Reports Referenced

LM_HG201, Prod Sold Negotiated Average Net, Day of Delivery

Other Terms

Final Price = Contract Premium (Net Price) + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium 100.75%

Determination of Base Price 1422

All Reports Referenced

LM_HG201, Prod Sold Negotiated Average Net, Day of Slaughter

Other Terms

Final Price = Base Percentage * Average Net + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Base Percentage 101%

Determination of Base Price 1198

All Reports Referenced

LM_HG202, Negotiated Base Selected Prices, Day of Delivery

Other Terms

Selected Prices = [0.9, 1.1 bf /6.0(2.0) ld] Final Price = Selected Price Average + Scheduling Premium + 

Carcass Merit Adjustment

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Scheduling, $1.50 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 38 of 52

Determination of Base Price 5

All Reports Referenced

LM_HG203, Weighted Average, Day of Delivery

Other Terms

Final Price = Market Price + Contract Premium

Premium/Discount Type: Contract Premium, $3.75 

Premium/Discount Type: Contract Premium 2, $0.45 only paid if a carcass merit program is not in effect

Determination of Base Price 530

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average Range, 2 days prior to delivery

LM_PK602, Pork Carcass Cutout, 2 days prior to delivery

Other Terms

Final Price = 35% (Cutout Value + Cutout Premium) + 65% (Weighted Average +Weighted Average Premium) 

+ Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Cutout Premium, ($13.25) 

Premium/Discount Type: Weighted Average Premium

Determination of Base Price 552

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average Range, Average - 3 days prior to delivery

Other Terms

Final Price = Market Price + Regional Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 69 

Premium/Discount Type: Regional East, $1.70 

Premium/Discount Type: Regional West, $1.70 

Determination of Base Price 589

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average Range, Average - 3 days prior to delivery

Other Terms

Floor Price (FP) is set by COP Floor published at the end of each month Ceiling Price (CP) = FP + $5

If Market Price (MP) < FP, then Base Price = FP If MP > CP, then Base Price = 93% MP See Schedule: 62

Limit on Ledger: Maximum positive balance is $10/head marketed annually, maximum negative balance is 

determined by producer financial condition. If MP > CP, then 7% MP deducted from ledger If MP < FP, then 

FP - MP added to ledger

Premium/Discount Type: Regional West, $1.70 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 39 of 52

Determination of Base Price 605

All Reports Referenced

LM_HG203, Prod Sold Negotiated Average Net, Day of Slaughter

Other Terms

Final Price = Market Price + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Determination of Base Price 616

All Reports Referenced

LM_HG203, Weighted Average, Day of Delivery

Other Terms

Final Price = Market Price + Carcass Merit Adjustment + Volume Shortfall Discount

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Volume Shortfall, ($5.00) per head assessed quarterly

Determination of Base Price 617

All Reports Referenced

LM_HG203, Weighted Average, Avg - 5 days prior to delivery, less high and low

Other Terms

Final Price = Market Price + Carcass Merit Adjustment + Volume Shortfall Discount

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Volume Shortfall, ($5.00) per head assessed quarterly

Determination of Base Price 620

All Reports Referenced

LM_HG203, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = Market Price + Carcass Merit Adjustment + Volume Shortfall Discount

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Volume Shortfall, ($5.00) per head assessed quarterly
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 40 of 52

Determination of Base Price 784

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average, Average - 3 days prior to delivery

Other Terms

Final Price = Weighted Average + Regional Premium + Carcass Merit Adjustment + Contract Premium

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($2.00) 

Premium/Discount Type: Regional East, $1.70 

Premium/Discount Type: Regional West, $1.70 

Determination of Base Price 967

All Reports Referenced

LM_HG203, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7

Premium/Discount Type: Contract Premium, $1.00 

Determination of Base Price 977

All Reports Referenced

LM_HG203, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = National Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $2.00 

Determination of Base Price 981

All Reports Referenced

LM_HG203, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = National Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $2.50 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 41 of 52

Determination of Base Price 993

All Reports Referenced

LM_HG203, Weighted Average, Day prior to Slaughter

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $2.70 

Determination of Base Price 994

All Reports Referenced

LM_HG203, Weighted Average, Day prior to Slaughter

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $2.80 

Determination of Base Price 995

All Reports Referenced

LM_HG203, Weighted Average, Day prior to Slaughter

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $3.00 

Determination of Base Price 1001

All Reports Referenced

LM_HG203, Weighted Average, Day prior to Slaughter

Other Terms

Final Price = National Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $0.50 

Determination of Base Price 1045

All Reports Referenced

LM_HG203, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = National Price + Carcass Merit Adjustment

Premium/Discount Type: Sort Lots averaging < 200 pounds or > 240 pounds live will be purchased at plant 

price
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 42 of 52

Determination of Base Price 1142

All Reports Referenced

LM_HG203, Weighted Average, Day of Delivery

Other Terms

Final Price =National Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $3.20 

Determination of Base Price 1143

All Reports Referenced

LM_HG203, Weighted Average, Day of Delivery

Other Terms

Final Price =National Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $2.50 

Determination of Base Price 1145

All Reports Referenced

LM_HG203, Weighted Average, Day of Delivery

Other Terms

Final Price = National Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $1.50 

Determination of Base Price 1146

All Reports Referenced

LM_HG203, Weighted Average, Day of Delivery

Other Terms

Final Price = National Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $3.00 

Determination of Base Price 1147

All Reports Referenced

LM_HG203, Weighted Average, Day of Delivery

Other Terms

Final Price = National Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $2.60 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 43 of 52

Determination of Base Price 1242

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average, Day Prior to Delivery

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Contract Premium, $3.75 

Determination of Base Price 1378

All Reports Referenced

LM_HG203, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Contract Premium, $3.60 

Determination of Base Price 1381

All Reports Referenced

LM_HG203, Negotiated Base Weighted Average, Day Prior to Delivery

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $2.00 

Determination of Base Price 612

All Reports Referenced

LM_HG206, Weighted Average, Day of Delivery

Other Terms

Final Price = Market Price + Carcass Merit Adjustment Hogs may be priced on CME Program at CME Program 

Discount

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: CME Program, ($2.40) 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 44 of 52

Determination of Base Price 615

All Reports Referenced

LM_HG206, Weighted Average, Average - 5 days prior to harvest, remove high and low

Other Terms

Final Price = CME Price + Carcass Merit Adjustment + Volume Shortfall Discount + Non-Process Verification 

Discount Hogs may be priced on CME Program with a CME Program Fee and a CME Program Non-Process

Verified discount.

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Volume Shortfall, ($5.00) per head assessed quarterly

Premium/Discount Type: Non-Process Verification, ($0.50) 

Premium/Discount Type: CME Program, ($3.00) 

Premium/Discount Type: CME Program Non-Process Verified, ($3.25) 

Determination of Base Price 976

All Reports Referenced

LM_HG206, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = IA/MN Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $2.00 

Determination of Base Price 1008

All Reports Referenced

LM_HG206, Weighted Average, Day prior to Slaughter

Other Terms

Final Price = IA/MN Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $3.25 

Determination of Base Price 1046

All Reports Referenced

LM_HG206, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = IA/MN Price + Carcass Merit Adjustment

Premium/Discount Type: Sort Lots averaging < 200 pounds or > 240 pounds live will be purchased at plant 

price
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 45 of 52

Determination of Base Price 1140

All Reports Referenced

LM_HG206, Weighted Average, Average - 3 days prior to delivery

Other Terms

Final Price = Iowa/Minnesota Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $2.50 

Determination of Base Price 1148

All Reports Referenced

LM_HG206, Weighted Average, Day of Delivery

Other Terms

Final Price = Iowa/Minnesota Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $2.75 

Determination of Base Price 1149

All Reports Referenced

LM_HG206, Weighted Average, Average - 5 days prior to harvest, remove high and low

Other Terms

Final Price = Iowa/Minnesota Price + Contract Premium + Carcass Merit Adjustment + No Beta Agonist 

Premium, 

when applicable

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: No Beta Agonist$0.50 

Premium/Discount Type: Contract Premium, $2.85 

Determination of Base Price 1150

All Reports Referenced

LM_HG206, Weighted Average, Day of Delivery

Other Terms

Final Price = Iowa/Minnesota Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $3.30 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 46 of 52

Determination of Base Price 1151

All Reports Referenced

LM_HG206, Weighted Average, Day prior to Slaughter

Other Terms

Final Price = Iowa/Minnesota Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Contract Premium, $3.00 

Determination of Base Price 365

All Reports Referenced

LM_HG207, Weighted Average, Day of Slaughter

Other Terms

Final Price = Market Price + Carcass Merit Adjustment

Premium/Discount Type: Trim See Schedule: 12 

Premium/Discount Type: Sort See Schedule: 16 

Premium/Discount Type: Trim See Schedule: 128 

Determination of Base Price 368

All Reports Referenced

LM_HG207, Weighted Average, Day of Slaughter

LM_HG208, Weighted Average, Day of Slaughter

Other Terms

Base Price = simple average of reported prices Base Primal % = 56.5, higher % receive premiums, lower 

receive discounts Max Primal Premium = 4.5%, unlimited discounts Premium based on 56 day Average of 

quoted market prices for primal cuts Outside 164-205 pound weight range, sort discount is reimbursed for 

primals of acceptable size

Determination of Base Price 599

All Reports Referenced

LM_HG207, 49-51% Weighted Average, Day of Delivery

LM_HG208, 49-51% Weighted Average, Day of Delivery

Other Terms

Base Price = average of two reported markets

Premium/Discount Type: Sort See Schedule: 86 

Premium/Discount Type: Trim See Schedule: 87 

Premium/Discount Type: Contract Premium, $4.00 

Premium/Discount Type: Supplier Program - Compliance Bonus, $2.00 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 47 of 52

Determination of Base Price 603

All Reports Referenced

LM_HG207, 49-51% Weighted Average, Day of Delivery

Other Terms

Final Price = Market Price + Carcass Merit Adjustment + Supplier Program Compliance Bonus

Premium/Discount Type: Sort See Schedule: 86 

Premium/Discount Type: Trim See Schedule: 87 

Premium/Discount Type: Supplier Program - Compliance Bonus, $2.00 

Determination of Base Price 359

All Reports Referenced

LM_HG208, Weighted Average, Day of Slaughter

Other Terms

Base Primal % = 56.5, higher % receive premiums, lower receive discounts Max Primal Premium = 4.5%, 

unlimited discounts Premium based on 56 day Average of quoted market prices for primal cuts Outside 164-205 

pound weight range, sort discount is reimbursed for primals of acceptable size

Premium/Discount Type: Sort See Schedule: 17 

Premium/Discount Type: Contract Premium, $1.15 

Determination of Base Price 595

All Reports Referenced

LM_HG208, 49-51% Weighted Average, Day of Delivery

Other Terms

Final Price = Market Price + Carcass Merit Adjustment + Supplier Program Compliance Bonus

Premium/Discount Type: Sort See Schedule: 86 

Premium/Discount Type: Trim See Schedule: 87 

Premium/Discount Type: Supplier Program - Compliance Bonus, $2.00 

Determination of Base Price 1074

All Reports Referenced

LM_HG209, Negotiated Base Selected Prices, Average - 5 days prior to Slaughter

Other Terms

Final Price = ECB Price +Scheduling Premium + Carcass Merit Adjustments elected Prices = hi and low [0.9, 

1.0, 1.1 bf /6.0(2.0) ld] plus weighted average

Premium/Discount Type: Sort See Schedule: 111 

Premium/Discount Type: Lean See Schedule: 112 

Premium/Discount Type: Scheduling, $1.50 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 48 of 52

Determination of Base Price 613

All Reports Referenced

LM_HG212, Weighted Average, Average - 3 days prior to kill

Other Terms

Final Price = Market Price + Carcass Merit Adjustment + Volume Shortfall Discount

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: Volume Shortfall, ($5.00) per head

Determination of Base Price 623

All Reports Referenced

LM_HG212, Weighted Average, Average - 5 days prior to Slaughter

Other Terms

Price is converted to live weight based on quarterly actual yield. Final Price = Market Price + Volume Shortfall 

+ Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 95 

Premium/Discount Type: Volume Shortfall, ($5.00) per head assessed quarterly

Determination of Base Price 627

All Reports Referenced

LM_HG212, Weighted Average, Average - 5 days prior to Slaughter

Other Terms

Final Price = Market Price + Carcass Merit Adjustment + Volume Shortfall Discount

Premium/Discount Type: Sort See Schedule: 91 

Premium/Discount Type: Volume Shortfall, ($5.00) per head assessed quarterly

Determination of Base Price 968

All Reports Referenced

LM_HG212, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $1.50 

Determination of Base Price 991

All Reports Referenced

LM_HG212, Weighted Average, Day prior to Slaughter

Other Terms

Final Price = WCB Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $3.50 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 49 of 52

Determination of Base Price 998

All Reports Referenced

LM_HG212, Weighted Average, Day prior to Slaughter

Other Terms

Final Price = WCB Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $3.50 

Determination of Base Price 1158

All Reports Referenced

LM_HG212, Weighted Average, Day Prior to Delivery

Other Terms

Final Price = WCB price + Contract Premium + Carcass Merit Adjustment + No Beta Agonist Premium, when 

applicable

Premium/Discount Type: Sort See Schedule: 90 

Premium/Discount Type: No Beta Agonist$0.30 

Premium/Discount Type: Contract Premium, $3.60 

Determination of Base Price 1195

All Reports Referenced

LM_HG212, Negotiated Base Weighted Average, Day Prior to Delivery

Other Terms

Final Price = WCB Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Contract Premium, $4.00 

Determination of Base Price 1207

All Reports Referenced

LM_HG212, Negotiated Base Weighted Average, Two Days Prior to Delivery

Other Terms

Final Price = WCB Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Contract Premium, ($1.50) 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 50 of 52

Determination of Base Price 1218

All Reports Referenced

LM_HG212, Weighted Average, 2 days prior to delivery

Other Terms

Final Price = WCB Price + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Contract Premium, ($1.50) 

Determination of Base Price 1380

All Reports Referenced

LM_HG212, Negotiated Base Weighted Average, Day Prior to Delivery

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustment

Premium/Discount Type: Carcass Merit See Schedule: 7 

Premium/Discount Type: Lean See Schedule: 34 

Premium/Discount Type: Sort See Schedule: 80 

Premium/Discount Type: Contract Premium, $3.00 

Determination of Base Price 1428

All Reports Referenced

LM_HG212, Negotiated Base Weighted Average, Two Days Prior to Delivery

Other Terms

Final Price = Weighted Average + Contract Premium + Carcass Merit Adjustments

Premium/Discount Type: Sort See Schedule: 85 

Premium/Discount Type: Carcass Merit See Schedule: 64 

Premium/Discount Type: Contract Premium, $1.25 

Determination of Base Price 2

All Reports Referenced

NW_LS832, Weighted Average, Day Prior to Delivery

Other Terms

Meat Price = Live price / 68%Base Price/cwt = Meat Price * Actual Yield (Dressed Weight)

Premium/Discount Type: Sort See Schedule: 46 
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 51 of 52

Determination of Base Price 3

All Reports Referenced

NW_LS832, Weighted Average, Day of Delivery

Other Terms

Meat Price = Live price / 68%Base Price/cwt = Meat Price * Actual Yield (Dressed Weight)

Premium/Discount Type: Sort See Schedule: 46 

Determination of Base Price 1099

All Reports Referenced

Decatur SBM, Soybean Meal, Average - 6 months prior to delivery

Fostoria Corn, Cash Corn, Average - 6 months prior to delivery

Fostoria SBM, Soybean Meal, Average - 6 months prior to delivery

Lima Corn, Cash Corn, Average - 6 months prior to delivery

Sidney SBM, Soybean Meal, Average - 6 months prior to delivery

Other Terms

Final Live Price = 49.95 + {[(Lima Corn + Fostoria Corn)/2 +0.15 - 2.50] x 4} + {[(Decatur SBM + Sidney 

SBM + Fostoria SBM)/3 + 10.00 - 250] x 0.022

Determination of Base Price 1100

All Reports Referenced

Decatur SBM, Soybean Meal, Average - 6 months prior to delivery

Fostoria Corn, Cash Corn, Average - 6 months prior to delivery

Fostoria Corn, Cash Corn, Average - 6 months prior to delivery

Lima Corn, Cash Corn, Average - 6 months prior to delivery

Sidney SBM, Soybean Meal, Average - 6 months prior to delivery

Other Terms

Final Live Price = 49.95 + {[(Lima Corn + Fostoria Corn)/2 +0.15 - 2.50] x 4} + {[(Decatur SBM + Sidney 

SBM + Fostoria SBM)/3 + 10.00 - 250] x 0.022

Determination of Base Price 1101

All Reports Referenced

Decatur SBM, Soybean Meal, Average - 6 months prior to delivery

Fostoria Corn, Cash Corn, Average - 6 months prior to delivery

Fostoria SBM, Soybean Meal, Average - 6 months prior to delivery

Lima Corn, Cash Corn, Average - 6 months prior to delivery

Sidney SBM, Soybean Meal, Average - 6 months prior to delivery

Other Terms

Final Live Price = 49.95 + {[(Lima Corn + Fostoria Corn)/2 +0.15 - 2.50] x 4} + {[(Decatur SBM + Sidney 

SBM + Fostoria SBM)/3 + 10.00 - 250] x 0.022
Swine Packer Marketing Contract Summary - Eastern Cornbelt

Swine or Pork Market Formula

Page 52 of 52

Determination of Base Price 1201

All Reports Referenced

Decatur SBM, Soybean Meal, Average - 6 months prior to delivery

Fostoria Corn, Cash Corn, Average - 6 months prior to delivery

Fostoria SBM, Soybean Meal, Average - 6 months prior to delivery

Lima Corn, Cash Corn, Average - 6 months prior to delivery

Sidney SBM, Soybean Meal, Average - 6 months prior to delivery

Other Terms

Final Live Price = 49.95 + {[(Lima Corn + Fostoria Corn)/2 +0.15 - 2.50] x 4} + {[(Decatur SBM + Sidney 

SBM + Fostoria SBM)/3 + 10.00 - 250] x 0.022