Shrimp Closing Commentary, Tuesday September 1, 2009

 

 

 

 

The headless, shell-on (HLSO) shrimp index is a measure of general conditions in the shrimp market. It is not a reflection of any single item. Urner Barry historically tracks all of our market quotations which should be consulted for individual items.

 

The shrimp index is calculated using an average of Urner Barry market quotations; additionally the quotes are weighted based on the import volume of each count size. Shell-on shrimp imports from the Black Tiger producing countries and White producing countries of Thailand and Indonesia have been edited in order to reflect those countries significant shift in production from Black Tiger to P. vannamei. Shrimp imports from other countries are divided into either Black Tiger or White producing countries.

 

The bottom chart represents the weight, in million pounds, of monthly shell-on shrimp imports.

 

 

 

 

 

 

 

The headless, shell-on (HLSO) shrimp index is a measure of general conditions in the shrimp market. It is not a reflection of any single item. Urner Barry historically tracks all of our market quotations which should be consulted for individual items.

 

The shrimp index is calculated using an average of Urner Barry market quotations; additionally the quotes are weighted based on the import volume of each count size. Shell-on shrimp imports from the Black Tiger producing countries and White producing countries of Thailand and Indonesia have been edited in order to reflect those countries significant shift in production from Black Tiger to P. vannamei. Shrimp imports from other countries are divided into either Black Tiger or White producing countries.

 

The bottom chart represents the weight, in million pounds, of monthly shell-on shrimp imports.

 

 

 

Urner Barry Market Update -

September 01, 2009, 17:22 EST

 

Farmed Salmon: The Northeast wholefish market adjusted lower on 10-12s and 12-14s; the remainder of the market is about steady. Supplies are adequate to fully adequate for a dull demand. European wholefish also continue to be readily available and are causing downward pricing pressure in the Northeast market.

 

The European wholefish market weakened on all sizes today; supplies are fully adequate for a lackluster demand. The undertone remains unsettled with both higher and some significantly lower offerings noted. Some carried product is also reported to be in the market.

 

The European fillet market trended lower on 3-4s and held about steady on 2-3s. Supplies are adequate to fully adequate for a quiet demand. 4-5s, on the other hand, adjusted higher; supplies of larger fillets are barely adequate.

 

European frozen fillets are still reported in the market; pricing looks to trend between 4.35 and 4.55 for 3-4 pound d-trim fillets. European portions are noted between 5.50 and 6.00.

 

The Chilean fillet market advanced on 1-2s while the remainder of the market is unsettled. Both higher and some significantly lower offerings have been reported on 2-up fish. Supplies on these sizes are fully adequate for a dull demand. Market participants are reporting that product continues to back up along the entire distribution chain.

 

The Chilean Steelhead market is about steady; a few lower offerings are reported to be available.

 

The West Coast wholefish market trended lower on 6-8s through 12-14s; supplies are fully adequate for a dull demand. 14-ups, however, are steady.

 

Wild Salmon: The net king market adjusted lower; supplies are readily available for a moderate to active demand. Cohos and troll kings are firm; supplies are light for an active demand. Sockeyes are also light for an active demand.

 

Janice Brown

Urner Barry Publications, Inc.

732-240-5330 ext 280

janice@urnerbarry.com

www.urnerbarry.com

 

 

 

 

 

 

The top chart represents Urner Barry's Salmon Index. This index is calculated using Urner Barry market quotations listed in Urner Barry’s Seafood Price-Current. Those quotations are then weighted, based on the average amount of product imported for whole fish and fillets.

 

The bottom chart represents the weight, in million pounds, of monthly imports of Chilean Fillets, Maine Whole East, and Seattle Whole West.

 

Note: Urner Barry's Fresh Farmed Salmon Index is an indication of the combined average value for Chilean fillets, North Atlantic wholefish and West Coast wholefish. It institutes a weighted value of each commodity as a proportion of the total supply from the producing areas. For example, if Chilean fillets represent 60% of the total, West Coast wholefish 25% and North Atlantic wholefish 15%, the value of each commodity would be weighted accordingly. This index is intended to be viewed as a snapshot of the general health of the fresh farmed salmon market in the United States.