{
  "series": "prices",
  "title": "Headline liveweight farmgate price",
  "unit": "PHP/kg liveweight",
  "keyField": "date",
  "geographies": [
    "PH"
  ],
  "coverage": {
    "rows": 12,
    "published": 12,
    "nulls": 0,
    "retracted": 8,
    "first": "2024-03-31",
    "last": "2026-06-30",
    "latestValued": "2026-06-30"
  },
  "licence": {
    "name": "CC BY 4.0",
    "url": "https://creativecommons.org/licenses/by/4.0/"
  },
  "citation": "Baboy PH state-of-the-industry archive, series \"prices\". CC BY 4.0. https://baboyph.com/data/prices",
  "source": "https://baboyph.com/data/prices",
  "observations": [
    {
      "date": "2024-03-31",
      "period": "Q1 2024",
      "value": 168,
      "kind": "psa-quarterly",
      "source_id": "psa",
      "source_url": "https://psa.gov.ph/livestock-poultry-iprs",
      "accessed_on": "2026-05-20",
      "note": "Quarterly PSA average. Predates the OpenSTAT monthly series we now use; not independently re-verified in the 2026-07-12 audit."
    },
    {
      "date": "2024-06-30",
      "period": "Q2 2024",
      "value": 172,
      "kind": "psa-quarterly",
      "source_id": "psa",
      "source_url": "https://psa.gov.ph/livestock-poultry-iprs",
      "accessed_on": "2026-05-20",
      "note": "Quarterly PSA average. Not independently re-verified in the 2026-07-12 audit."
    },
    {
      "date": "2024-09-30",
      "period": "Q3 2024",
      "value": 175.82,
      "kind": "psa-quarterly",
      "source_id": "psa",
      "source_url": "https://psa.gov.ph/livestock-poultry-iprs",
      "accessed_on": "2026-07-12",
      "note": "Verified 2026-07-12 against PSA's Q3 2025 bulletin, which states the year-ago comparison: 'increased to PhP 191.51 per kilogram, liveweight from PhP 175.82 per kilogram, liveweight in the third quarter of 2024.'"
    },
    {
      "date": "2024-12-31",
      "period": "Q4 2024",
      "value": 188,
      "kind": "psa-quarterly",
      "source_id": "psa",
      "source_url": "https://psa.gov.ph/livestock-poultry-iprs",
      "accessed_on": "2026-05-20",
      "note": "Quarterly PSA average. Not independently re-verified in the 2026-07-12 audit."
    },
    {
      "date": "2025-03-31",
      "period": "Q1 2025",
      "value": 213,
      "kind": "psa-quarterly",
      "source_id": "businessmirror",
      "source_url": "https://businessmirror.com.ph/",
      "accessed_on": "2026-05-20",
      "note": "Record, then reversed hard",
      "retracted": true,
      "retracted_on": "2026-07-12",
      "retraction_reason": "Cited a bare domain root, not an article. PSA's official monthlies for Q1 2025 (203.74 / 212.27 / 213.48) give a quarterly mean of 209.83, not 213. Superseded by the derived row below."
    },
    {
      "date": "2025-03-31",
      "period": "Q1 2025",
      "value": 209.83,
      "kind": "psa-quarterly-derived",
      "source_id": "synthesis",
      "source_url": "https://openstat.psa.gov.ph/PXWeb/pxweb/en/DB/DB__2M__NFG/",
      "accessed_on": "2026-07-12",
      "derivation": "mean(hog-farmgate-average@2025-01-31, @2025-02-28, @2025-03-31) = 209.83",
      "note": "Prices ran above what would later become the DA floor."
    },
    {
      "date": "2025-06-30",
      "period": "Q2 2025",
      "value": 198,
      "kind": "psa-quarterly",
      "source_id": "psa",
      "source_url": "https://psa.gov.ph/livestock-poultry-iprs",
      "accessed_on": "2026-05-20",
      "retracted": true,
      "retracted_on": "2026-07-12",
      "retraction_reason": "Contradicted by PSA's own monthlies for Q2 2025 (210.32 / 210.89 / 214.52), whose mean is 211.91. The stored 198 understates the quarter by ~14 PHP/kg and invents a mid-2025 decline that did not happen. Superseded by the derived row below."
    },
    {
      "date": "2025-06-30",
      "period": "Q2 2025",
      "value": 211.91,
      "kind": "psa-quarterly-derived",
      "source_id": "synthesis",
      "source_url": "https://openstat.psa.gov.ph/PXWeb/pxweb/en/DB/DB__2M__NFG/",
      "accessed_on": "2026-07-12",
      "derivation": "mean(hog-farmgate-average@2025-04-30, @2025-05-31, @2025-06-30) = 211.91",
      "note": "The real 2025 high. June 2025 (214.52) is the peak month of the entire series."
    },
    {
      "date": "2025-09-30",
      "period": "Q3 2025",
      "value": 191.51,
      "kind": "psa-quarterly",
      "source_id": "psa",
      "source_url": "https://psa.gov.ph/livestock-poultry-iprs",
      "accessed_on": "2026-07-12",
      "note": "PSA official. Re-verified 2026-07-12: the mean of the OpenSTAT monthlies reproduces it exactly."
    },
    {
      "date": "2025-12-31",
      "period": "Q4 2025",
      "value": 165,
      "kind": "crash-trough",
      "source_id": "businessworld",
      "source_url": "https://www.bworldonline.com/",
      "accessed_on": "2026-05-20",
      "note": "Crash trough that triggered DA floor price",
      "retracted": true,
      "retracted_on": "2026-07-12",
      "retraction_reason": "Cited a bare domain root. No national trough of 165 exists: PSA's Q4 2025 average is 182.83 and the worst single month was 177.78 (November). The 150-180 range reported when DA set the floor describes distressed local selling, not the national average, and must not be charted as one. Superseded by the official row below."
    },
    {
      "date": "2025-12-31",
      "period": "Q4 2025",
      "value": 182.83,
      "kind": "psa-quarterly",
      "source_id": "psa-openstat",
      "source_url": "https://openstat.psa.gov.ph/PXWeb/pxweb/en/DB/DB__2M__NFG/",
      "accessed_on": "2026-07-12",
      "derivation": "mean(hog-farmgate-average@2025-10-31, @2025-11-30, @2025-12-31) = 182.83",
      "note": "The quarter in which DA set the 210/kg floor (4 Nov 2025). No month since has reached it."
    },
    {
      "date": "2026-01-31",
      "period": "Jan 2026",
      "value": 195,
      "kind": "working",
      "source_id": "synthesis",
      "accessed_on": "2026-05-20",
      "note": "Recovering after DA floor",
      "retracted": true,
      "retracted_on": "2026-07-12",
      "retraction_reason": "Invented. No source, no URL. PSA's official January 2026 national farmgate is 172.56 — the stored value overstates it by 22.44 PHP/kg and reverses the direction of travel."
    },
    {
      "date": "2026-02-28",
      "period": "Feb 2026",
      "value": 205,
      "kind": "working",
      "source_id": "synthesis",
      "accessed_on": "2026-05-20",
      "retracted": true,
      "retracted_on": "2026-07-12",
      "retraction_reason": "Invented. No source, no URL. PSA's official February 2026 national farmgate is 176.31."
    },
    {
      "date": "2026-03-31",
      "period": "Mar 2026",
      "value": 212,
      "kind": "working",
      "source_id": "synthesis",
      "accessed_on": "2026-05-20",
      "retracted": true,
      "retracted_on": "2026-07-12",
      "retraction_reason": "Invented. No source, no URL. PSA's official March 2026 national farmgate is 179.23."
    },
    {
      "date": "2026-03-31",
      "period": "Q1 2026",
      "value": 176.03,
      "kind": "psa-quarterly-derived",
      "source_id": "synthesis",
      "source_url": "https://openstat.psa.gov.ph/PXWeb/pxweb/en/DB/DB__2M__NFG/",
      "accessed_on": "2026-07-12",
      "derivation": "mean(hog-farmgate-average@2026-01-31, @2026-02-28, @2026-03-31) = 176.03",
      "note": "Latest official quarter. Below the 180/kg cost of production cited by both SINAG and NatFed — the median farm was losing money on every pig."
    },
    {
      "date": "2026-04-02",
      "period": "Apr 2026",
      "value": 218,
      "kind": "working",
      "source_id": "businessmirror",
      "source_url": "https://businessmirror.com.ph/",
      "accessed_on": "2026-05-20",
      "note": "Surge reported 2 Apr 2026",
      "retracted": true,
      "retracted_on": "2026-07-12",
      "retraction_reason": "Cited a bare domain root. The 2 Apr 2026 BusinessMirror article reports a RETAIL price surge and a 120/kg trader margin; it does not report a 218/kg farmgate. eFeedLink's trade quotes for the weeks either side are 181-193/kg liveweight. No source supports 218."
    },
    {
      "date": "2026-05-01",
      "period": "Apr–May 2026",
      "value": 188,
      "kind": "trade-quote",
      "rangeLow": 183,
      "rangeHigh": 193,
      "source_id": "efeedlink",
      "source_url": "https://www.efeedlink.com/contents/05-12-2026/6ce74bcf-1448-4fc1-9611-0a77fc2ba50c-0002.html",
      "accessed_on": "2026-07-12",
      "note": "Midpoint of eFeedLink's trade range for fattening pigs, week ended 1 May 2026: 'Fattening pig prices increased to a range of ₱183–193/kg from ₱181–191/kg in the previous week.' The freshest market read between PSA quarters — a trade quote, not an official figure."
    },
    {
      "date": "2026-05-20",
      "period": "May 2026",
      "value": 218,
      "kind": "working",
      "source_id": "synthesis",
      "accessed_on": "2026-05-20",
      "note": "Working average — Apr surge held into May",
      "retracted": true,
      "retracted_on": "2026-07-12",
      "retraction_reason": "Invented. No source, no URL. SINAG told BusinessWorld on 21 May 2026 — the day after this row claims 218 — that live hogs had averaged only 180-190/kg over the preceding seven months."
    },
    {
      "date": "2026-05-21",
      "period": "7-mo avg to May 2026",
      "value": 185,
      "kind": "industry-average",
      "rangeLow": 180,
      "rangeHigh": 190,
      "source_id": "sinag",
      "source_url": "https://www.bworldonline.com/economy/2026/05/21/751366/da-further-signals-intent-to-cap-pork-belly-prices-at-p380-per-kilo-sinag/",
      "accessed_on": "2026-07-12",
      "note": "Midpoint of SINAG's stated range. BusinessWorld, 21 May 2026: 'despite farmgate prices for live hogs averaging only P180–190 per kilo over the past seven months, liempo continues to retail at P400 to P450 per kilo'. The best available read on where farmgate actually sits."
    },
    {
      "date": "2026-06-30",
      "period": "Q2 2026",
      "value": 172.44,
      "unit": "PHP/kg liveweight",
      "kind": "psa-quarterly-derived",
      "source_id": "synthesis",
      "source_url": "https://openstat.psa.gov.ph/PXWeb/pxweb/en/DB/DB__2M__NFG/",
      "accessed_on": "2026-08-14",
      "derivation": "mean(hog-farmgate-average@2026-04-30, @2026-05-31, @2026-06-30) = 172.44",
      "note": "Latest official quarter, canonised as the headline figure on 2026-08-19. The fourth consecutive quarterly fall from the Q2 2025 high of 211.91, and the lowest quarter of the independently verified rows. Its middle month, May 2026 at 171.56, is the lowest month of the whole retrieved monthly series (Jan 2025 onward). Farther below the 180/kg cost of production than Q1 was."
    }
  ]
}