Producer share at a low point since start of the year
According the latest farm to retail price spread for August, producers received 40% of the overall retail price, the lowest point since the start of the year.
According the latest farm to retail price spread for August, producers received 40% of the overall retail price, the lowest point since the start of the year. This was almost 2% down from the previous month, resulting from lower farm gate pig price. As such, the latest producer share of the total retail price was almost 6% lower compared with August 2013. Bacon prices are not yet available for August, but the July figures showed the producers share at 37% of the total retail price. This is marginally lower than in the previous month but 2% down on the same month in 2013.
Retail pork prices have generally declined in August compared with the month previous, with the exception of boneless legs, minced pork and traditional pork sausages. Fillet end leg and loin steaks recorded the largest month-on-month decline, being back 4%. The annual comparisons showed similar trends, retail pork prices across most categories declined, with the exception of loin chops which recorded a 13% rise. Decline in retail prices ranged from 7% for traditional pork sausages to 1% for Minced pork, boneless shoulder and loin steaks. Fillet of pork and boneless leg retail prices decreased by 6% on the year earlier.