Hog payments, collection, fund distributions and settlements.
The Pork Settlements segment of the Producers Pork Division provides the packer/buyer/seller financial collection process and payment service. Payments are made in accordance with USDA's Grain Inspection and Packers and Stockyards Administration (GIPSA) Regulations. Producers is registered, bonded and licensed to conduct livestock business acting as a Livestock Dealer and Livestock Marketing Agency using our dealer and custodial bank accounts. Producers checks have been good for over 75 years.
Pork business patrons may choose to have payments and documentation provided in paper or paperless formats. Payment can be made by check or ACH direct-deposit. Settlement documents (copies of checks, packer kill sheets, hedge contract gains/losses, etc.) can be forwarded by U.S. Mail or by email. We will also split hog proceeds between pork producing partners, or pay truckers for the loads being settled, at your direction and on your behalf.
If you have questions, please contact us!