Urner Barry Market Update -
October 01, 2009, 17:02 EST
White Shrimp: 26-30 count and larger HLSO white shrimp are weak and under selling pressure as Mexican offerings and supplies improve. Discounting is noted for volume. The undertone remains unsettled. Smaller count shrimp are steady.
Black Tiger Shrimp: 16-20 count and smaller commodity black tiger shrimp move slightly lower in order to maintain buying interest. The balance of the black tiger market is steady.
Mexican Wild Shrimp: reports of bay production are mixed and ocean production is underway. The market remains unsettled.
Value-added Shrimp: the market is mostly steady.
Gulf Domestic Shrimp: Interest in Gulf domestic shrimp appears to have improved this week, however new season production continues to arrive at a rather brisk pace. Further discounts were noted on HLSO brown shrimp, especially in U10 through 16-20, and 31-35 & 36-40 counts. 71-80 count were an exception; these are thinly supplied. HLSO white shrimp again unchanged, though offerings vary widely. Collectively, inventories of white shrimp are still generally thin, but vary by individual. PUD's were mostly steady, though the market is generally well supplied. The exception being shortages in 131-150 count and smaller.
Paul B. Brown Jr.
Urner Barry Publications, Inc.
732-240-5330 ext 224
pbrownjr@urnerbarry.com
www.urnerbarry.com
Urner Barry's Black Tiger Shrimp Index
10/01/2009:
The Black Tiger Shrimp Index is $5.09; -.03
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
10/01/2009:
The White Shrimp Index is $2.77; -.02
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 October 1, 2009
Urner Barry Market Update -
October 01, 2009, 16:52 EST
Farmed Salmon: The Northeast wholefish market adjusted lower on 10-12s and 12-14s; supplies are adequate to fully adequate for a quiet demand. The balance of the market is about steady. A few lower offerings on smaller sized fish were also collected. European wholefish also continue to be available and are causing additional downward pricing pressure on the Northeast wholefish market.
The European wholefish market remains weak and the undertone is unsettled; both higher and lower offerings are noted on all sizes. Supplies are readily available for a lackluster demand.
The European fillet market adjusted lower on 2-3s and 3-4s. Supplies are fully adequate for a dull demand.
European frozen fillets are still reported in the market; pricing looks to trend between 4.35 and 4.50 for 3-4 pound d-trim fillets. European portions are noted between 5.90 and 6.50.
The Chilean fillet market is unchanged; however the undertone continues to be weak. Supplies are adequate to fully adequate for a quiet demand.
The Chilean Steelhead market remains somewhat unsettled; both higher and lower offerings are noted. Supplies remain light for a quiet demand.
Chilean Coho are also reported to start becoming more available in the U.S. market; pricing is reported to range between 3.75 and 4.25 for a 1 to 3 pound fillet.
The West Coast wholefish market trended lower on 6-8 through 12-14 pound fish. Supplies are fully adequate for a lackluster demand. European wholefish are also reported to be readily available in the West and are causing some downward pricing pressure.
Wild Salmon: The wild market is steady on net and troll cohos; supplies are adequate for a moderate demand. Net kings advanced; supplies are barely adequate for a moderate to active demand. Fresh and frozen chum supplies remain light; a few still higher offerings are noted.
Janice Brown
Urner Barry Publications, Inc.
732-240-5330 ext 280
janice@urnerbarry.com
www.urnerbarry.com
Urner Barry's Fresh Farmed Salmon Index
10/01/2009:
The Fresh Farmed Salmon Index is $3.98; -.06
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, European Fillets, Northeast Whole East, European Whole, and Seattle Whole West.
Note: Urner Barry's Fresh Farmed Salmon Index is an indication of the combined average value for Chilean fillets, European fillets, Northeast wholefish, European 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
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