SEAFOOD TRENDS

Farmer's Report

Seafood Trends - June 14, 2019

SHRIMP, DOMESTIC

(WHITES AND BROWNS):

The current catch is producing larger shrimp in the 16/20, 21/25 and 26/30 range. This goes along with the reports that all the fresh water coming out of the Mississippi has pushed the smaller shrimp out into the Gulf of Mexico. Smaller shrimp will have a lot of pressure on availability and price.

(DOMESTIC PUDS):

Smaller PUD’s are becoming tight, as they have been pushed further out into the Gulf of Mexico with the influx of water coming out of the Mississippi River. There will be a lot of pressure on this category. Urner Barry is reporting higher pricing across the category.


SHRIMP, IMPORTED

(BLACK TIGER AND WHITES):

The seafood industry is seeing pressure on inventory and higher pricing on both white shrimp and black tigers.

(MEXICAN BROWNS AND WHITES):

Suppliers have a concern on browns, as well as large size shrimp that are in very tight supply.


CATFISH

DOMESTIC:

The warm weather is allowing more feeding of fish. Production still remains slow, but after talking to three packers, they feel we should be in better inventory shape later this summer.

IMPORTED:

Urner Barry is reporting rising prices. Imports are following the domestic market on pricing.


SALMON

ATLANTIC FARMED SALMON:

Pricing is mixed on fresh product. Product from Chile is seeing a slight decline, while product from Europe is seeing pressure to move up. Frozen portions have remained steady at this time. Reports indicate that there is still a concern that 4 oz. portions will get tight, as the size of fish needed to produce that size is in short supply.


MAHI-MAHI

Pricing has turned steady, with fewer offerings. Inventory is in good shape, with sluggish movement.


SCALLOPS

SEA:

Pricing has turned steady. The catch is going well for the new season.

BAY:

Pricing is steady, and overall demand is steady also.


TILAPIA

Inventory domestically is very good, and pricing is stable. Demand has been steady, keeping pricing in check.


PANGASIUS

Pricing is trending downward, as inventory levels in the US are in very good shape.


WHITEFISH COMPLEX

COD:

Atlantic cod pricing will be mostly stable for Q2. Pacific cod will be in the same boat; however, select items could see a decline, while we see a slight increase in the chem-free category.

POLLOCK:

The fishery for Pacific pollock has produced only smaller fish, just 2-4 oz. fillets. This could cause an inventory issue for frozen loins if they don’t start catching larger fish. Larger fillets of 4-6 and 6-8 oz. are very tight.

HADDOCK:

Pricing is stable at the moment, but with the new increase in tariffs from China, we could see higher pricing in the near future, according to suppliers.

FLOUNDER:

Inventory levels are in good shape. Pricing is steady and quality is good. Fish from Argentina should start to firm up as the season changes.

TUNA, YELLOWFIN

(FROZEN STEAKS & LOINS):

Tuna pricing and inventory is stable.


SWORDFISH

Swordfish pricing is very stable. Inventory levels are in very good shape. 


KING CRAB

(RED & GOLDEN):

Product is very short in the marketplace across all sizes, as the quota was cut again. Golden King Crab is a good alternative, as the meat is fairly sweet, with good flavor.


CRABMEAT

(BLUE & RED, PASTEURIZED):

The market is showing an imbalance in movement and pricing. Inventory seems to be in good shape overall. As the summer demand starts to kick in over the coming weeks, this should stabilize the market.

Mexico Blue Crab season is beginning to slow, as is common this time of year. Pricing is stable and supply is very good.


SNOW CRAB

ALASKAN:

Most vendors are off the market on 5-8 clusters, and there are a few offerings on 8-ups and B pack.

CANADIAN:

The Canadian fisheries continue to monitor whale activity in the fishing area. As a result, they have closed some zones when whales have arrived. There is some molting happening that will close zones as well. Pricing is increasing on 5-8’s. The market is very unsettled on 8-ups and 10-ups.

LOBSTER

NORTH AMERICAN LOBSTER:

Pricing is steady to firm, as suppliers indicate there is not enough supply to support demand. The spring pack is in full swing, with a lot of product being sold on the fresh market.

LOBSTER TAILS WARM WATER:

Supply on warm water tails is under pressure due to a lackluster catch. There are shortages in inventory across the category.

LOBSTER MEAT:

Pricing and demand are steady. We are seeing this market firm up.