Producer share of retail price unchanged in September
The producer share of the final pork retail price in September was 40%, virtually unchanged from a month earlier. This was a result of retail prices falling at a similar rate to the farmgate pig price in September.
Latest farmgate and retail price figures for September showed the producer share of the final pork retail price at 40%, virtually unchanged from a month earlier. This was a result of retail prices falling at a similar rate to the farmgate pig prices in September. However, during the month, the share received by the producers was three percentage points smaller than the same month in 2013. As such, the producer share has remained below last year’s level for the sixth consecutive month and was the lowest in just over two years. Bacon retail prices for September are not yet available but figures for August showed the producer share at 36%, down two points from a year earlier.
Pork retail prices in September were generally little change compared with August, with the exception of boneless leg (down 5%) and loin steaks (up 4%). However, the year-on-year comparisons showed a contrasting picture, whereby the majority of cuts recorded a decrease in retail price, with the expectation of loin chops which increased by as much as 15%. The largest price decline was recorded for boneless leg, which was down by 11% compared with September 2013. Retail prices for minced pork and loin steaks showed the smallest decline, down by 1%. There were some significant declines for other cuts, including traditional pork sausages (down by 9%) and fillet of pork (down by 7%).