In deciding whether to hedge slaughter hogs, it is helpful to have an estimate of the price which will be received from the hedge. To make this estimate, "basis" information is needed. The "basis" is the difference between the futures price and the local cash market price. This publication presents average, low, and high basis values for slaughter hogs in five market areas: Interior Iowa-Southern Minnesota, Sioux City, Omaha, St. Louis and Peoria.
Skadberg, J. Marvin, "Basis Data For Hogs" (1979). Economic Staff Paper Series. 89.