Canadian retail pork prices increased overall in December, excluding loins, however were primarily under prices recorded for the same time last year.
Pork loins overall were recorded at $8.61/kg, falling -7.1% from November into December. This brought Canadian loins -6.3% under December 2023 and -3.5% under the 3-year average. Loins are most expensive in Alberta at $9.18/kg, followed by Quebec at $9.01/kg. Ontario loins recorded the lowest price at $8.02/kg while remaining provinces were $8.72-$8.96/kg.
Canadian pork ribs were up +2.7% in December to $8.66/kg, down -10.8% compared to last year and -8.1% under the 3-year average. Rib prices out of Quebec were highest at a$10.20/kg, followed by Alberta at $6.53/kg. Ontario and New Brunswick recorded the lowest rib prices at $7.91/kg & $7.97/kg respectively, while remaning provinces were $8.35-$9.19/kg.
Overall, pork shoulders surged higher to $9.36/kg, recording a +41.8% jump from November into December. The latest Canadian pork shoulder prices are up +29.5% compared to a year earlier, and up +31.7% above the 3-year average. Shoulders were most expensive out of BC at a price of $10.49/kg, generally starting highest out West and falling progressively out eastward with Nova Scotia the lowest at $8.27/kg.
Canadian bacon prices for December at $6.83/kg increased +7.2% from the month previous, bringing them -2.4% under a year earlier. For comparison, the latest retail bacon prices in Canada are up +0.5% over the 3-year average. Retail bacon prices are highest in the western half of the country (BC through MB), while being most affordable in Ontario and Quebec.