What price benchmark can pig men use now?
NOW the MLC are refusing to issue pig price forecasts, what benchmark will pig farmers use in their own forecasts in future? (MLC to scrap pig price forecasting, FWi, 05 November, 1999)
Perhaps the pig industry didnt want the MLC to drop its forecasts – just make them more accurate.
It has been disappointing that the MLC wasnt able to forecast the AAPP more accurately than it did.
Perhaps it is an admission that the AAPP no longer reflects economic factors because of the small number of pig sales (weekly) which set it. In which case, it is high time the industry abandoned it and moved on.