Seafood Trends - August 16, 2019
All seafood pricing trends are based on Urner Barry data and supplier quotes as of Aug. 13, 2019.
WHITES AND BROWNS:
Pricing continues to be firm, while fishing is slightly starting to improve. Analyst believe smaller shrimp will have a lot of pressure on availability and price. The brown season is now open, however buying activity has been very strong and pricing is moving up. Inventory on larger sizes is starting to improve, which has brought some price relief.
Smaller PUDs are becoming tight, as they have been pushed into the Gulf of Mexico with the influx of water coming out of the Mississippi River, which traditionally puts pressure on this category.
BLACK TIGER AND WHITES:
The seafood industry reports seeing pressure on inventory and higher pricing on both white shrimp and black tigers. Large-sized whites 26-30 count and larger are under a ton of pressure, due to seasonal demand and lower inventory domestically.
MEXICAN BROWNS AND WHITES:
Analysts report that suppliers may have a concern about the tight supply of brown and large-sized shrimp.
The warm weather is allowing more feeding of fish, with production continuing to improve. Analysts report that pricing is expected to soften.
Analysts report that with pricing firming up, the 5-7-oz. size range is in very tight supply. Pangasius or domestic catfish would be good alternatives.
ATLANTIC FARMED SALMON:
Analysts report that the fresh market will be up for next week, due to very strong demand in both foodservice and retail. Frozen portions have remained steady, but vendors indicate that there is still a concern that 4-oz. portions will get tight, as the size of fish needed is in short supply.
Analysts report that pricing has turned steady, with fewer offerings. Inventory is in good shape along all size portions.
Reports indicate that pricing has shown some volatility on the fresh side. The catch is going well for the new season. Frozen prices continue to be stable.
Pricing is moving upward as analysts see product from China entering the U.S. after tariff increases.
Demand has been steady as we settle into higher costs.
Pricing is trending downward, as reported inventory levels in the U.S. are in very good shape.
Pricing is showing some firmness. Reports indicate that inventory is firm behind strong demand as other similar species increase in price.
The fishery for Pacific pollock has produced only smaller, 2-4-oz. fillets. Analyst expect that this could cause an inventory issue for frozen loins if they don’t start catching larger fish. Larger fillets 4-6-oz. and 6-8-oz. are very tight. In addition, the industry is starting to plan for a new 10% tariff that will go into effect on Dec. 15, 2019.
Vendors are reporting that pricing continues to firm, due to high demand and tight supply.
Inventory levels are in good shape. Vendors are reporting that pricing will be firming on goods coming from China, due to the additional tariffs. Analysts report that fish from Argentina should start to firm up as the season changes.
(FROZEN STEAKS & LOINS):
Analysts report that tuna pricing and inventory is stable.
Analysts report that swordfish pricing is stable. Inventory levels are in very good shape.
(RED & GOLDEN):
Analyst report product is very short in the marketplace and is expected to be tight ongoing. Gold product of Russia is increasing in price.
(BLUE & RED, PASTEURIZED):
Analysts report that the market is showing an imbalance in movement and pricing. Inventory seems to be in good shape overall. As the summer demand kicks in, analysts forecast this should stabilize the market.
Mexico blue crab season is beginning to slow, as is common for this time of year. Analysts are reporting that pricing is stable and supply is fair.
Most vendors are off the market, with very little if any product out there currently.
As pricing is now stabilizing at higher levels, analysts believe it could move higher through Q3. Vendors report 10- 12-oz. product appears to be in the tightest supply.
NORTH AMERICAN LOBSTER:
Pricing is steady to firm. Vendors report small-sized tails and meat have decent supply. Large-sized tails continue to be a challenge. Maine is expected to be underway over the next 1-2 weeks. The season is later than last year, due to water temps which could begin to drive pricing higher.
LOBSTER TAILS WARM WATER:
The industry is extremely tight, with no new production set until the season starts in August. Very little product will be available.
Pricing is moving up and demand is steady. The season is later than last year, due to water temps which could begin to drive pricing higher.
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.