SEAFOOD TRENDS

Farmer's Report

Seafood Trends - March 22, 2024

All seafood pricing trends are based on Urner Barry data and supplier quotes as of March 20, 2024.

SHRIMP, DOMESTIC

SHELL-ON WHITES:

Suppliers report that markets are starting to firm, due to a lack of overall supply.

DOMESTIC BROWNS:

Markets are reported to be firming. Suppliers report that Inventory levels are tight.

DOMESTIC PUDS:

Supply levels are reported to be adequate. Markets are currently reported to be stable, but suppliers expect prices to start to firm, as inventory tightens up in the coming months ahead of next season.


SHRIMP, IMPORTED

BLACK TIGERS AND WHITES:

Urner Barry reports that White Shrimp and Black Tiger Shrimp are holding steady this week. However, analysts report that the market has been unsettled in recent weeks, and some premiums are beginning to emerge, as prices rise overseas.

MEXICAN BROWNS AND WHITES:

Urner Barry reports stable pricing. The new season has begun, and new product is starting to arrive stateside, according to vendors.

ARGENTINE RED:

Urner Barry expects pricing to be stable next week.


CATFISH

DOMESTIC:

Pricing is stable, as reported by Urner Barry.

IMPORTED:

Pricing is stable, as reported by Urner Barry.


ATLANTIC FARMED SALMON

FROZEN PORTIONS:

Pricing remains stable on Frozen Chilean Atlantic Salmon portions, as reported by Urner Barry.

FRESH CHILEAN:

Fresh pricing is up slightly this week, as reported by Urner Barry.


MAHI-MAHI

Urner Barry is reporting a mostly stable market behind a reported strong catch.


SCALLOPS

SEA:

Pricing remains stable, as reported by Urner Barry.

BAY:

Pricing remains stable, as reported by Urner Barry.


TILAPIA

Urner Barry reports that pricing is beginning to strengthen, due to supply challenges and potential freight obstacles.


PANGASIUS

Urner Barry reports stable pricing for this week.

Whitefish Complex

COD:

Pricing is stable, as reported by Urner Barry.

POLLOCK:

Pricing is stable, as reported by Urner Barry.

HADDOCK:

Pricing is stable, as reported by Urner Barry.

FLOUNDER:

Pricing remains stable for next week, as reported by Urner Barry.


TUNA, YELLOWFIN

(FROZEN STEAKS & LOINS):

Pricing is stable, as reported by Urner Barry, and suppliers are reporting strong inventory.


SWORDFISH

Urner Barry reports steady pricing for next week.


KING CRAB

(RED & GOLDEN):

The Red King Crab market is finding strength on all sizes, according to analysts. Supply is reported to be barely adequate to adequate.


CRABMEAT

(BLUE & RED, PASTEURIZED):

Suppliers are reporting higher pricing on Blue Colossal, Jumbo Lump and Super Lump. Suppliers report that Colossal and Jumbo Lump Red and Blue Swimming Crab are in tight supply.


SNOW CRAB

ALASKAN:

Currently, there are no offers. There was no quota for the 2022/2023 season. The Alaska Fisheries Team has announced they expect to provide an update on the 2023/2024 season soon.

CANADIAN:

Urner Barry reports that pricing is mostly stable on 5-8 oz., while higher premiums are being sought for 8+ and larger crab, due to limited supply. Suppliers report that the new season is expected to start as scheduled on April 1.


LOBSTER

NORTH AMERICAN LOBSTER TAILS:

Urner Barry reports that pricing for tails continues to advance higher, as the supply situation becomes clearer. They also report that the realization that the market is likely to be short has sellers raising prices, and putting both their sales teams and customers on allocation.

LOBSTER TAILS, WARM-WATER:

Pricing remains stable, as reported by Urner Barry.

LOBSTER MEAT:

Urner Barry reports that the market for lobster meat continues to advance higher, as the supply situation becomes clearer. They also report that the realization that the market is likely to be short has sellers raising prices, and putting both their sales teams and customers on allocation.

The data contained in the Farmer’s Report is provided for informational purposes only, is not tailored to your specific purchasing needs, and is not intended as a substitute for any other publicly-available market data or information. The Farmer’s Report is compiled from the last-received market data provided by the United States Department of Agriculture (USDA) and/or other market sources, and is subject to change without notice. Nothing herein is the opinion of US Foods®. US Foods neither assumes any legal liability nor makes any warranty or guaranty, either express or implied, regarding the completeness, accuracy or usefulness of this information.