Pork Market Update

Leading pork supplier Sunpork has given us the inside scoop on the market conditions and how that will affect pork supply as we head into Spring and then the festive season.                                

• In August we began to see some tightening in the market driven by increases in demand across all segments of the market – particularly in Export.
• Grain prices (feed) remain extremely high and as such, the cost of production remains at record high levels with no relief on utilities, labour or diesel costs.
• In August, particular products in high demand were, bellies, collars and loins. The leg and shoulder meat market started to improve in August albeit not at the same level as rate as other primals.
• National production numbers are below the Australian Pork industry forecast by nearly 5% and as such, the prediction is that Pork will continue to shorten up as we head towards Christmas. The increased demand in Export markets is expected to further tighten supply.

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