ABSTRACT


 This report contains an examination of the Live Oak, Florida hog
futures market basis for the period 1972-1980. Basis tables and graphs
are presented for two weight groups of Florida hogs; barrows and gilts,
180-199 Ibs., and barrows and gilts, 200-240 lbs.

 The results indicate that there are very definite seasonal fluctua-
tions, with about a $7 difference between the peaks (February and August)
and the troughs (April and November). The report concentrates on basis
patterns, but also contains an explanation of basis as it relates to hog
producers, as well as definitions of terms used in hedging.

 Key words: hog basis, basis, hedging, Florida, futures market,
hog futures.