The BCCMB has issued its pricing order for period A-144 (June 11 to August 5, 2017) for mainstream chicken. This is the first period in which the new pricing formula will be used.
The previous formula that has been used for the past seven years was comprised of the weighted average of the live prices in Ontario, Manitoba, Saskatchewan and Alberta plus $0.0435 per kilogram.
The new formula is comprised of the following components:
For period A-144 the new formula yields a base price of $1.6041 which represents an increase of $.0030 per kilogram from the previous period.
Please find attached Pricing Order for A-144 and the Pricing Model Mainstream Decision Rationale and SAFETI Analysis for more information.
The BCCMB will evaluate the new formula and its components, with industry input, within one year of implementation.
Thank you for your attention to this matter.