Shrimp Closing Commentary, Thursday September 10, 2009

Urner Barry Market Update - September 10, 2009, 17:10 EST

White Shrimp: 21-25 and especially 26-30 count HLSO are barely steady to weak as initial offerings from Mexico increase. Supplies of 26-30 count should begin to improve by next week. Smaller count shrimp are about steady although some discounting is noted especially for volume. Head-on shrimp are steady.

Asian white shrimp are also about steady. Supplies of smaller counts are limited and may be discounted in order to compete with Latin American offerings.

Black Tiger Shrimp: Under 15 count are full steady to firm. Some higher offerings are noted on the balance of count sizes as supplies are limited.

Value-Added Shrimp: 13-15 count raw P&D tail-on black tiger shrimp are rated stronger as supplies of this size have tightened. The balance of the value- added market is about steady.

Gulf Domestic Shrimp: The market was largely unchanged, with the exception of small declines in U10 and U12 HLSO brown shrimp, and 36-40 HLSO white shrimp. The market remains well supplied and offerings still vary widely by seller. PUD's were unchanged.

Urner Barry's Black Tiger Shrimp Index

 

09/10/2009:

The Black Tiger Shrimp Index is $5.12; +.01

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's White Shrimp Index

09/10/2009:

The White Shrimp Index is $2.79; -.01

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.

Salmon Closing Commentary, Thursday  September 10, 2009
Urner Barry Market Update -
September 10, 2009, 17:00 EST

Farmed Salmon: The Northeast wholefish market adjusted lower on 6-8s and 8-10s; supplies range fully adequate to ample, especially on 6-8s and a few still lower offerings are noted on this size. The balance of the market is steady to full steady; supplies of larger wholefish are light and demand is moderate.

The European wholefish market is unchanged; supplies have tightened and a shift in the exchange rate has increased the cost of product.

The European fillet market is full steady to firm on 3-4s and 4-5s and a few still higher offerings are noted. Supplies are adequate for a moderate demand. A shift in the exchange rate has increased the cost of product.
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 6.50.

The Chilean fillet market advanced on all sizes; supplies are adequate to barely adequate for a moderate to fair demand. Product availability on the Miami spot market continues to range adequate to barely adequate, a change from a fully adequate supply last week at this time.

The Chilean Steelhead market is steady to about steady at listed levels.

The West Coast wholefish market held about steady to steady on 6-8s and 8-10s and trended higher on 12-up fish. 10-12s remain unsettled with both higher and lower offerings noted. Similar to the Northeast, the West Coast's supply of larger wholefish is tight.

Wild Salmon: The chum market remains very light and the market is full steady. A few semi-brites ore better are noted at the lower end of quotations. The cohos markets are full steady to firm. The net king market is also firm and supplies are tight. Sockeyes and troll king quotations have been removed; supplies are nil.

Janice Brown
Urner Barry Publications, Inc.
732-240-5330 ext 280
janice@urnerbarry.com
www.urnerbarry.com
www.comtell.com

Urner Barry's Fresh Farmed Salmon Index

09/10/2009:The Fresh Farmed Salmon Index is $2.98

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.

Source: Urner Barry´s