Index Index the average of all indexed hogs in the lot. Hog Value Hog Value the total settlement value of the entire lot of hogs before deductions. OPGA grading fee share OPGA grading fee share the cost of hog grading in the province of Ontario. For hogs shipped out of province, no fee is charged. In-transit loss reserve self coverage insurance plan for losses that take place between the farm gate and the packer kill floor.
Producers contribute half the premium and the other half is split between packers and transporters.
Contributors fluctuate based on market conditions and weather. Service fee producers' cost for all services provided by Ontario Pork charged on each market hog sold to any packer operating inside or outside of Ontario. In this example, hogs sold under booking numbers MAS454 and MAS455 were mistakenly settled under the wrong contract and the wrong grid on an earlier statement. This entry debits the producer for the incorrect settlement amount. Note the OPGA grading fee, In-transit loss reserve and Service fee in this example are credited back to the producer on incorrectly settled hogs.