Meat Board introduces new standard values

The meat board introduced standard values for the collection of levies during the 2017/2108 financial year.

The announcement follows a Government Notice states that the Meat Board must annually determine standard values for the payment of levies by producers and exporters. These values are used to determine the value of live stock during export, hand-to-hand and C-class abattoir slaughter transactions as these transactions cannot be audited.

These values are statistically calculated from live stock transactions which took place during the 2016 calendar year. The standard values for the financial year 1 April 2017 to 31 March 2018 will be as follows:

Item: Cattle – (any transaction), Standard Value: 4243
Item: Cattle – (for slaughter), Standard Value: 7081
Item: Goat (any transaction), Standard Value: 818
Item: Sheep (any transaction), Standard Value:828
Item: Pork (any transaction), Standard Value:1579

Standard values are only used when live stock transactions cannot be verified. Relevant transaction value counts otherwise.