Bpex introduces additional pig price scheme
Following the announcement of the discontinuation of the Deadweight Average Pig Price (DAPP) and the launch of the GB All Pigs Price (GB APP), Bpex will now expand its historical pig price reporting to include an all-new GB Standard Pig Price (SPP).
The SPP will be collected from a sample of processors and will measure the average weekly price for standard commercial pigs. It will cover all pigs except those with specific premium attributes, such as those from systems like Freedom Foods.
The GB SPP will be published in the week after the pigs are slaughtered. The first GB SPP will be published by AHDB Market Intelligence on 16 April.
The range of historical pig price data from 16 April will therefore include the GB APP, the SPP, and for a six-month transition period, the current DAPP.
Bpex director Mick Sloyan said: “The British pig market has changed considerably in recent years and the market information produced to help industry needs to keep up with this change.
“We recently announced the introduction of a new price series, the GB All Pigs Price (GB APP) to measure the overall pig market. The addition of the GB SPP will provide greater insight into trends in the standard commercial pig market”
It was announced the DAPP would be discontinued after a number of high-profile processors dropped out of it earlier in the year, reducing the overall sample size dramatically.
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