SEAFOOD TRENDS

Farmer's Report

Seafood Trends - May 27, 2022

All seafood pricing trends are based on Urner Barry data and supplier quotes as of May 24th, 2022.

SHRIMP, DOMESTIC

WHITES AND BROWNS:

The Spring season harvest has started on Whites, and more inventory is becoming available from our vendor on larger shrimp. Pricing is currently stable.

DOMESTIC PUDS:

Pricing is showing some weakness on small PUD’s (70/90 and smaller), according to vendors.


SHRIMP, IMPORTED

BLACK TIGERS AND WHITES:

Urner Barry reports steady pricing, with the exception of P&D tail-on Whites out of Asia and shell-on Whites out of South America, which are showing some slight softness.

MEXICAN BROWNS AND WHITES:

Urner Barry reports a lack of inventory, with firmer prices.

ARGENTINE RED:

Urner Barry reports stable prices, despite firm inventory.


CATFISH

DOMESTIC:

Production is reported as being a challenge, due to labor issues. Some vendors are allocating product. Pricing is steady this week, according to Urner Barry.

IMPORTED:

Urner Barry is now reporting steady pricing week-over-week.


SALMON

ATLANTIC FARMED SALMON:

Pricing on fresh has moved down slightly, frozen prices are stable and all inventory levels are tight, as reported by Urner Barry.


MAHI-MAHI

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


SCALLOPS

SEA:

The market will be mostly stable next week for frozen product. U-10 scallops are reported by Urner Barry as being very tight.

BAY:

Pricing will be mostly stable for next week, according to vendors.


TILAPIA

Pricing will be mostly stable for next week. Ocean freight and raw material pricing is driving costs, as reported by Urner Barry.


PANGASIUS

Pricing has turned stable, as reported by Urner Barry. Ocean freight remains a challenge.


WHITEFISH COMPLEX

COD:

Cod pricing is mostly stable, as reported by Urner Barry.

POLLOCK

Pricing will be mostly stable, as inventory remains short, as reported by Urner Barry.

HADDOCK:

Pricing will be mostly stable, as reported by Urner Barry.

FLOUNDER:

Pricing will be mostly stable, according to vendors.


TUNA, YELLOWFIN

(FROZEN STEAKS & LOINS):

Analysts report that the tuna fishery is seeing poor catch rates, which could result in shortages. Prices are mostly stable for next week.


SWORDFISH

Analysts report that swordfish pricing is stable, and that inventory levels are very good.


KING CRAB

(RED & GOLDEN):

Producers are reporting low inventory and higher pricing. Analysts expect this category to remain very tight.


CRABMEAT

(BLUE & RED, PASTEURIZED):

Analysts report that blue swimming crab prices continue to soften. Red swimming crab will be stable for next week, but inventory is very tight.


SNOW CRAB

ALASKAN:

Currently, there are no offers.

CANADIAN:

Pricing is very unsettled, as reported by our vendors. Whales have entered the Gulf of St. Lawrence, and some of the fishing areas are being closed by the Canadian Fishery as a result.


LOBSTER

NORTH AMERICAN LOBSTER:

Pricing is coming down as the spring season continues, according to analysts. Large tails are in short supply.

LOBSTER TAILS, WARM-WATER:

Urner Barry is reporting lower pricing.

LOBSTER MEAT:

Pricing is coming down as the spring season continues, as reported by Urner Barry.

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.