Producers can choose to insure under any coverage option. They are encouraged to select an option which best reflects the market where they will sell their hogs, as this best insures the market-risk they face. If a producer selects an option not reflective of the market where the hogs are sold, the indemnity which best reflects the cash market decline experienced may not be received. Each index geographically represents select slaughter plants where producers choose to sell. The three indices are: Olymel – Red Deer, Maple Leaf / Signature 4 – Brandon and Maple Leaf / Signature 3 – Brandon.
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