The new GB Standard Pig Price (SPP) has been published by BPEX. The GB SPP is calculated using the same basic specification as the current DAPP except that it covers standard pigs only. It is based on individual pig data that includes the gross price (before deductions) and weekly paid bonus payments.
It not include retrospective bonus payments that are dependent on achieving contract criteria. Data providers will be audited to ensure the specification is followed.
Data are collected from a wide ranging sample of processors in Great Britain and measure the average weekly price for standard commercial pigs.
This covers all pigs except those that attract an explicit premium for a specific attribute such as breed, feeding regime or a production system such as Freedom Foods.
The GB SPP will be published in the week after the pigs are slaughtered. The first GB SPP has been published by AHDB Market Intelligence on 2 July.
Tuesday July 1, 2014/ BPEX/ United Kingdom.