Somerfield's offer of 300g of unsmoked rindless back for 99p is one of many deep discounts in the marketplace at the moment. Co-ops were running a £1.99 bogof on 200g packs of Danepak unsmoked prime back bacon. Nevertheless, word in the trade is of nothing more sinister than the usual seasonal deflation. Back up the supply chain is more evidence of cost relief, with British pig prices relatively soft again and markets on the continent disappointing producers who had hoped for a BSE bonanza. On the other hand, MLC analyst Tony Fowler's latest farm to retail price spread calculations are a reminder of margin pressure, his estimate of the December spread on bacon just 67% against nearly 75% a year earlier. {{MEAT }}