Georgia Axes New Poultry Price Index

Dan Georgia, Industry News Release, Poultry

Georgia poultry price index
The Georgia Department of Agriculture said Tuesday the Georgia Premium Poultry Price Index will not be published due to a lack of available data. The index was the department’s answer to the suspended Georgia Dock poultry price discovery system, which had come under scrutiny due to how high its prices have been compared with other pricing indexes, according to meat industry publication Meatingplace. The index was to consist of three producer price indexes to measure the aggregate change in prices of poultry sold on contracts at one month, six month and 12 month base periods. It called for random reviews to verify all data. Lawsuits accusing the industry of price fixing have caught the attention of the Securities and Exchange Commission, which is doing its own investigation into the allegations.

From the National Association of Farm Broadcasting news service.