SEAFOOD TRENDS

Farmer's Report

Seafood Trends - May 7, 2021

All seafood pricing trends are based on Urner Barry data and supplier quotes as of May 4, 2021.

SHRIMP, DOMESTIC

WHITES AND BROWNS:

Producers are reporting slightly higher pricing, and they expect this trend to continue until the new spring pack in May, as demand increases and inventory decreases.

DOMESTIC PUDS:

Producers are reporting slightly higher pricing, and they expect this trend to continue until the new spring pack in May, as demand increases and inventory decreases.


SHRIMP, IMPORTED

BLACK TIGERS AND WHITES:

Urner Barry is reporting higher pricing, due to higher retail demand. Pressure on value-added Tiger inventory is resulting in higher prices, according to Urner Barry, as those sizes are mainly used in foodservice.

MEXICAN BROWNS AND WHITES:

Urner Barry is reporting lack of inventory and unstable pricing.


CATFISH

DOMESTIC:

Production is reported as being a challenge due to labor issues. Some vendors are allocating product, and they report that this should be ongoing into Q3.

IMPORTED:

Urner Barry is now reporting steady pricing.


SALMON

ATLANTIC FARMED SALMON:

Analysts report that the frozen market is firming on portions. Algae bloom in Chile is going to cause a long-term issue in this arena, according to producers.


MAHI-MAHI

Inventory is firming behind a poor catch to start the new season. Prices will be moving up, according to vendors.

SCALLOPS

SEA:

Scallop production began on April 1st. Early catch has been in the 20/30 and 30/40 size, with the larger sizes being an issue, as reported by processors. Pricing is currently stable, but as production continues, producers are predicting higher pricing in the larger sizes, due to lack of inventory.

BAY:

Urner Barry is reporting steady pricing.


TILAPIA

Urner Barry reports steady demand and stable pricing, although they report that demand is beginning to increase.

PANGASIUS

Inventory levels are a concern and pricing is increasing, as reported by Urner Barry.


WHITEFISH COMPLEX

COD:

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

POLLOCK:

Larger fillets of 4-6 and 6-8 oz. are very tight, and the catch is turning to yield very small fish.

HADDOCK:

Analysts expect pricing to increase, due to both firmer supply and higher raw material costs, as well as tariffs that are now back in place. 8-11 oz. skinless product is in short supply, according to vendors.

FLOUNDER:

Urner Barry is now reporting stable pricing. Most vendors are now passing on tariff charges, which is moving the pricing up for Q2.

TUNA, YELLOWFIN

(FROZEN STEAKS & LOINS):

Analysts report that the tuna fishery is seeing poor catch rates, and this will cause shortages soon.


SWORDFISH

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

KING CRAB

(RED & GOLDEN):

Analysts report that product is short in the marketplace, and Urner Barry is reporting higher pricing as a result. They are also reporting that inventory levels may not return to normal until later this month. Vendors are reporting low inventory on 20/24 ct.

CRABMEAT

(BLUE & RED, PASTEURIZED):

Analysts report that the blue swimming crab prices are moving up, and inventory is very short. Red swimming crab has turned stable, but inventory is very tight.


SNOW CRAB

ALASKAN:

There are very few offers on newly-packed product, as transportation from Alaska to the rest of the country has been slow. Pricing is unstable, as quoted by suppliers.

CANADIAN:

Urner Barry is not quoting pricing at this point. Pricing is very unstable, as quoted by suppliers.

LOBSTER

NORTH AMERICAN LOBSTER:

Pricing has moved higher, as reported by Urner Barry.

LOBSTER TAILS, WARM-WATER:

Pricing continues to firm, as reported by Urner Barry.

LOBSTER MEAT:

Pricing is up for this week, as reported by Urner Barry. Inventory is firm.

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.