2024 Hog
premium rates
| Hog
category
|
Unit |
Coverage level |
| 80% |
90% |
95% |
100% |
| Early wean |
$/head |
0.02 |
0.09 |
0.13 |
0.19 |
| Feeder |
$/head |
0.08 |
0.17 |
0.23 |
0.33 |
| Grower/finisher |
$/kg of gain |
0.0017 |
0.0054 |
0.0086 |
0.0128 |
The minimum annual premium per hog category is $25.
Early wean =
premium rate x number of head
Feeder (includes breeding hogs and barbecue pigs) premium =
premium rate x number of head enrolled
Grower/finisher premium =
premium rate x total eligible weight gain
Payment rates
Payment rates are based on the difference between the support level and the average market price for the payment calculation period.
Support levels and market prices
The support level is based on the industry average cost of production multiplied by your chosen coverage level. The cost of production is calculated by OMAFRA, based on the sum of livestock purchase costs, feed costs and yardage.
Market prices for each livestock category are collected and calculated by OMAFRA.
Both the support levels and the market prices are calculated every week and will vary from week to week.
