April 17, 2014

UK introduces new pig price reporting system

For the first time on April 16, the new All Pigs Price (APP) is published and it will run in parallel with the deadweight average pig price (DAPP) for six months.

The Great Britain APP (GB APP) will have the same specification as the DAPP but data will be collected from sellers rather than buyers as at present.

The British Pig Executive (BPEX) Board decided to make the change following the alterations in the DAPP sample at the start of this year.

The GB APP has been constructed using the same sample specification as the current DAPP and is based on individual pig data that includes the gross price (before deductions) and weekly paid bonus payments.

Publication of the GB Standard Pig Price (SPP) has unfortunately been delayed. Industry discussions are ongoing and they will have to be concluded before the SPP can be published.