Marginal rise in producer share of pork
The share of the retail price received by producers increased marginally in August reaching 35.5%, the highest point since February.
During the month farmgate prices fell by less than 1%, while the average retail price saw a sharper fall of 2%. This led the producer share of the retail price to increase to 35.5%, up by 0.8 percentage points, the largest movement since February. This leaves the measure 5 points back on August 2014, as farmgate prices remain below levels from last year.
Average retail pork prices for August were marginally down on the previous month with a drop of 2% across the cuts monitored by AHDB MI. Boneless shoulder joints recorded the largest drop of 6%, whilst both loin steaks and minced pork fell by 3%, however fillet end leg increased by 1% and diced pork saw a marginal increase. Compared with 2014 retail prices were mixed, with fillet end leg and fillet of pork up by 7%, while loin chops increased by 3% and traditional pork sausages were up 2%. Whereas, prices for boneless legs were down 8%, loin steaks fell by 4% , minced pork and boneless shoulders declined 3% and diced pork was down 2%.