SEAFOOD TRENDS

Farmer's Report

Seafood Trends - January 22, 2021

All seafood pricing trends are based on Urner Barry data and supplier quotes as of January 18, 2021.

SHRIMP, DOMESTIC

WHITES AND BROWNS:

Urner Barry is reporting mostly stable pricing. Our Harbor Banks® domestic packer is reporting good catches of Brown and Inshore White shrimp, and they believe that cool weather should lead to increased catch and production.

DOMESTIC PUDS:

Our vendor is now reporting good catches on larger PUDs, 70/90 and larger. Smaller PUDs, 90/110 and smaller, are still a challenge. Urner Barry is quoting higher pricing, as the inshore fishery is closing.


SHRIMP, IMPORTED

BLACK TIGERS AND WHITES:

Urner Barry is reporting stable pricing week-over-week on Whites, with some firming in mid-size value-added items. The largest Tigers are now stable, according to Urner Barry, as those sizes are mainly used in foodservice.

MEXICAN BROWNS AND WHITES:

Urner Barry is reporting steady pricing as fishing continues.


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 Q2.

IMPORTED:

Urner Barry is now reporting steady pricing.


SALMON

ATLANTIC FARMED SALMON:

Analysts report that the frozen market is stable. Pricing has moved up slightly on fresh whole fish from Chile as reported by Urner Barry.


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 has slowed, as days at sea are now causing less production. Refrigerated sizes are firming and should continue to rise, as reported by Urner Barry. The frozen market is stable.

BAY:

Urner Barry is reporting steady pricing.


TILAPIA

Demand has been steady, and Urner Barry is now reporting stable pricing. The outlook for Q1 is for slightly higher pricing, according to vendors.

PANGASIUS

Inventory levels are firming. Pricing has turned steady as reported by Urner Barry. The outlook for Q1 is for slightly higher pricing, according to vendors.


WHITEFISH COMPLEX

COD:

The market across the board is flat, as reported by Urner Barry. Heading further into Q1, there will be a slight decline on Atlantic Cod, as well as a slight Increase on Pacific Cod, according to vendors.

POLLOCK:

Larger fillets of 4-6 oz. and 6-8 oz. are very tight, and the catch is turning to yield very small fish. Analysts believe prices will firm during Q1.

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.

FLOUNDER:

Urner Barry is now reporting stable pricing.

TUNA, YELLOWFIN

(FROZEN STEAKS & LOINS):

Analysts report that tuna pricing and inventory are stable. Per vendors, there will be slightly higher costs on selected items during Q1.


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. Urner Barry is reporting higher pricing this week.

CRABMEAT

(BLUE & RED, PASTEURIZED):

Analysts report that the blue swimming crab is moving upward in pricing. Red swimming crab has turned stable.


SNOW CRAB

ALASKAN:

There are still no offers. First arrivals may be in early March. We will continue to monitor.

CANADIAN:

Offers are really starting to thin out, as product sells out. We will be offering Russian until the 2021 season gets going.

LOBSTER

NORTH AMERICAN LOBSTER:

Pricing has stabilized, as reported by Urner Barry. There is some softness as inventory settles, now that the holidays are behind us.

LOBSTER TAILS, WARM-WATER:

Pricing is stable as reported by Urner Barry, and should firm during Q1.

LOBSTER MEAT:

Pricing is up for this week as reported by Urner Barry. Inventory is firm. There is some softness as inventory settles, now that the holidays are behind us.

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.