DCA-Markets has been making the leading quotations for pigs and piglets as a 'Price Reporting Agent' (PRA) for a long time. On Friday we publish the DCA Fair Prize 2.0 for live and slaughtered pigs and on Monday the prize for piglets: DCA BestPigletPrice.
When drawing up those quotations, it is important that it is clear to everyone to which product the quotation applies and how the quotation is established. All this is based on EU legislation that applies to PRAs of major quotes. DCA-Markets has documented this exactly for all listings it makes as a PRA. This transparency and verifiability ensures the confidence of the market, which regularly settle large volumes on the quotations.
The quotations for pigs and piglets are established because a large group of members of Vee en Logistiek Nederland contribute prizes as contributors. They then give prices as they are willing to pay for delivery in the following week (pigs) or the current week (piglets). For a group of Insiders, they are then called by the assessor of DCA to give their view on the market and to see whether the provisional quotation fits this image. The assessor can adjust the quotation on the basis of these conversations if there is reason to do so. The provisional price is in principle leading and the assessor may only adjust the price to a level that lies between the lowest and highest contributor price.
After consultation with the market, it was decided to have the weighting of the prices of Insiders double. This is because Insiders are more active in the markets, so that their input gives a better picture of the market. This was introduced on 1 May 2019 and incorporated into the specifications associated with this process:
Specifications
The DCA Scholarship Prize 2.0 is composed according to the following methodology:
DCA-Markets maintains various quotations, including DCA Manure (beef, pig, chicken), DCA Phosphate Law, DCA Raw Milk (Spot), DCA Milk Concentrate, DCA Cream, DCA Cheese. DCA Carrot and DCA PAT-Index French fries suitable potatoes.
It is our ambition to introduce new quotations for and with the Agri sector in the short term. We also make 'tailor-made quotations'. For internal use or within a market or customer segment.
Knowing more? Then call 06 46 26 58 74 or email R.vantRiet@DCA.nl
© DCA Market Intelligence. This market information is subject to copyright. It is not permitted to reproduce, distribute, disseminate or make the content available to third parties for compensation, in any form, without the express written permission of DCA Market Intelligence.