The BSE Offspring Slaughter Regulations 1998

PART III CALCULATION OF INDICATIVE MARKET PRICE

The indicative market price for each month shall be calculated using data collected in Great Britain relating to the month occurring two months before the month of slaughter and in accordance with the following formula:

WHERE–

• A equals the number of cattle aged less than 7 years when valued which were slaughtered as BSE suspects;

• B equals the average price for Friesian and Holstein cows in milk and in calf, first calving cows in milk and down calving heifers, in each case of first and second quality;

• C equals the number of cattle aged 7 years or more when valued which were slaughtered as BSE suspects; and

• D equals the average purchase price paid in the case of barrener cattle of dairy breeds slaughtered in accordance with Commission Regulation (EC) No. 716/96 adopting exceptional measures for the support of the beef market in the United Kingdom, as amended,

the final figure being rounded down to the nearest multiple of £1.