Pig farmers’ share of the retail price of pork has crept up to a 10-month high, but remains below the levels seen two years ago.
The sustained recovery of GB pig prices since the spring has come at a time when retail pork prices have been fairly stable, said AHDB Pork.
This means the share of the retail price received by farmers has risen from a low point of 30% in February 2016 to reach 35% in July.
This is the highest figure since last September and almost the same as in July 2015. However, it remains well below the 40%-plus share received by farmers for the majority of 2014.
Although overall retail prices were stable in July, there has been some movement for individual cuts, according to AHDB’s retail price survey.
Loin steaks were 4% cheaper than in June, while pork mince was 2% more expensive.
Prices for diced pork and shoulder rose by a little over 1% but movements for other cuts were smaller.
Compared with July 2015, prices for all monitored cuts were lower this year.
GB pig prices
The EU-spec standard pigs price has been rising steadily over the past few months, finally overtaking the price paid last year at the start of August.
The SPP rose to 134p/kg deadweight in the week ending 6 August, which was up on the 131.4p/kg paid the week before and 2.6p/kg higher than at this point last year.
AHDB Beef & Lamb has previously reported that sheep farmers are receiving a far greater share of the retail price than they were 12 months ago.
In July, sheep producers received 52% of the retail price, compared with 42% in July 2015.
However, the picture is less positive for beef producers, who got only 48% of the retail price in July. This is well below the five-year average of 53%.