Following its meeting on 12 March, the BPEX Board agreed to launch new historical pig price reports that will replace the DAPP (Deadweight Average Pig Price) after a six-month transition period.
The all new GB All Pigs Price (GB APP) will have the same specification as the DAPP but data will be collected from sellers rather than buyers as at present.
There will be a transition period of six months when the DAPP and the GB APP will be published in parallel.
The Board decided to make this change following the alterations in the DAPP sample at the start of this year. There has been a reduction in both the sample throughput and the number of participating processing companies which presents a risk to the future sustainability of the DAPP.
The GB APP will be constructed using the same sample specification as the current DAPP. It will be based on individual pig data that includes the gross price (before deductions) and weekly paid bonus payments.
It will not include retrospective bonus payments that are dependent on achieving contract criteria. Data providers will be audited to ensure the specification is followed.
Wednesday March 19, 2014/ BPEX/ United Kingdom.