SEAFOOD TRENDS

Farmer's Report

Seafood Trends - May 22, 2020

All seafood pricing trends are based on Urner Barry data and supplier quotes as of May 20, 2020.

SHRIMP, DOMESTIC

WHITES AND BROWNS:

The late Spring season is up and running and our Exclusive Brand packer is reporting good catches at this point. Urner Barry is reporting lower costs.

DOMESTIC PUDS:

The late Spring season is up and running and our Exclusive Brand packer is reporting good catches at this point. Urner Barry is reporting lower costs.


SHRIMP, IMPORTED

BLACK TIGERS AND WHITES:

Urner Barry is reporting slightly higher pricing as some sizes are seeing action on sales.

MEXICAN BROWNS AND WHITES:

Pricing is steady as reported by Urner Barry.


CATFISH

DOMESTIC:

Production is reported as fair. Packers are reporting fish are starting to feed but wet and cold weather is causing them to bring on weight slower.

IMPORTED:

Urner Barry is now reporting steady pricing.


SALMON

ATLANTIC FARMED SALMON:

Analysts report the frozen market is stable. The fresh market on filets from Chile is slightly lower, as reported by Urner Barry.


MAHI-MAHI

Inventory is good for all size portions and production is steady. Larger portions are reported by our vendors as being short.

SCALLOPS

SEA:

Scallops production has been steady to date and Urner Barry is reporting steady pricing.

BAY:

Urner Barry is reporting steady pricing.


TILAPIA

Demand has been steady, as analysts point to the market settling into higher costs.

PANGASIUS

Inventory levels are good. Pricing has turned steady, as reported by Urner Barry.


WHITEFISH COMPLEX

COD:

The market across the board is flat, as reported by Urner Barry.

POLLOCK:

Larger filets 4-6 oz and 6-8 oz. are very tight, smaller fish are reported to be good.

HADDOCK:

Pricing has turned steady after a slight price drop at the beginning of Q2.

FLOUNDER:

Vendors are reporting that Argentina has halted fishing of Flounder, Whiting and Trout. The tariff has been lifted on smaller flounder filets, so it is expected that the market will see lower pricing in Q2. However, 5-8’s and 8-10 oz. filets are expected to be stable.

TUNA, YELLOWFIN

(FROZEN STEAKS & LOINS):

Analysts report that tuna pricing and inventory is stable.


SWORDFISH

Analysts report that swordfish pricing is stable. Inventory levels are very good.

KING CRAB

(RED & GOLDEN):

Analysts report that product is short in the marketplace and is expected to be tight ongoing. Gold product of Russia is increasing in price.

CRABMEAT

(BLUE & RED, PASTEURIZED):

Analysts report that the blue swimming crab market is stable, but they also report that the high amount of inventory could cause a buyer's market.


SNOW CRAB

ALASKAN:

Pricing is stable to weak at this time, according to analysts. Product is still slow getting to Seattle.

CANADIAN:

Canadian snow crab fishery opened on April 24, 2020 in the Gulf Region and Newfoundland opened on May 11, 2020. Pricing quotes from multiple vendors have been mixed to low and analysts view snow crab as a buyer’s market. 8ups are a hot spot with inventory and are bringing a premium. Product was slow coming into the U.S. this week, thus causing mixed pricing.

LOBSTER

NORTH AMERICAN LOBSTER:

Pricing is steady this week, as reported by Urner Barry. Inventory is good.

LOBSTER TAILS, WARM-WATER:

Pricing is down, as reported by Urner Barry. Inventory is good.

LOBSTER MEAT:

Pricing is steady with foodservice slowdowns.

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.