TABLE OF CONTENTS Page ABSTRACT. .. . . . ... . .... i LIST OF TABLES. . . . ... ... iii LIST OF FIGURES . . . . . . iv INTRODUCTION . . . .. .. ..... ... .1 METHODOLOGY . . .. . . . . 4 BASIS TABLES AND CHARTS . . . .... .. 5 HOW A HOG HEDGE WORKS . . . .... .. 7 SUMMARY AND CONCLUSIONS . . . . .. 10 REFERENCES . . . . .. . . 24 APPENDIX I DEFINITIONS . . . . . 25 APPENDIX II CONTRACT SPECIFICATIONS. .. . . . 26