Government notice Number 139 of 2012 determined that the Meat Board must annually calculate standard values for the following financial year.  These standard values form the basis for the calculation of levies where transaction values of livestock could not be audited.  Meat Board levies are calculated as percentages of the standard values during the export and import of livestock, local (“out of the hand”) transactions, and slaughtering at local abattoirs.  The standard values are calculated according to the real trade value of livestock during the previous calendar year.  The standard values applicable during the 2024/2025 financial year will be implemented from 1 April 2024 to 31 March 2025 and are as follows: