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Deadweight Average Pig Price (DAPP)

by 5m Editor
19 May 2003, at 12:00am

UK - A more robust system for reporting deadweight pig prices is to be launched soon in the UK.

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A more robust and refined system for reporting deadweight pig prices is about to be launched, bringing benefits to the whole industry. The Deadweight Average Pig Price (DAPP) has been developed by the Meat and Livestock Commission Economics section and the British Pig Executive. It has been designed, in response to industry requests, to give a larger sample with a fuller reflection of the different contracts now within the pig marketplace.

BPEX Chief Executive Mick Sloyan said: “Good quality price information is vital for the efficient working of the market and benefits producers and processors alike.

“The existing system is very good and has served the industry well but we are always striving to improve and the DAPP works with a larger sample to give even more representative information.“

The abattoir sample contributing to the survey now represents more than 60 per cent of weekly slaughterings (some 80,000 pigs) and this is expected to increase further.

With the increased sample size the calculation of the DAPP has been simplified. Weight or grade coefficients, as used in the AESA, will no longer be necessary making the DAPP more reactive to changes in production within the industry.

The country coefficients will remain in place to ensure that proportional weighting will be given to the British and UK regions. These will be based on Defra regional slaughterings data and reviewed on a monthly basis.

The AESA will continue to be produced alongside DAPP for a period of time to allow producers and abattoirs to become familiar with DAPP and assess the exact difference between the prices.

Sample data has been tested over the last few weeks and generally the average weight of pigs in DAPP is about 1.5kg heavier and the average probe 0.1mm deeper compared to the AESA sample. The DAPP will be a comprehensive historical record of the price paid by abattoirs for the pigs they have purchased, it is not designed to be used as a base for contract prices.

The new figures will be available from the MLC Economics recorded message service, weekly on Wednesday evenings (one day later in Bank Holiday weeks), call: 0906 815 4973 (calls charged at 60p per minute at all times). Autofax service, every Wednesday afternoon (one day later in Bank Holiday weeks) as soon as the pig price indicators are available. Annual charge 3104 plus VAT.

Deadweight pig information is featured in some detail each week in the MLC Economics UK Market Survey, including average prices by weight range and lean meat percentage.

The UK Market Survey is available each Friday at an annual charge for levy payers of 3145. For further information, please contact MLC Senior Market Analyst Joanne Knowles on 01908 844384

Source: Meat and Livestock Commission - 19th May 2003

5m Editor