Shrimp Closing Commentary, Thursday January 28, 2010

Shrimp Closing Commentary
Thursday, January 28, 2010

White Shrimp: the market was unchanged, however some still higher offerings are noted on both 16-20 and 21-25 counts. The balance of the sizes are available, and steady amid a quiet to fair demand.

Black Tiger Shrimp: 16-20 count and larger shrimp are still wanted, though unchanged. The balance of the market is steady.

Value-added Shrimp: a slight premium developed on 21-25 white cooked. The balance of the complex is steady at listed levels.

Mexican Wild Shrimp: the market is full steady with some higher offerings noted.

Freshwater Shrimp: 13-15 and 16-20 counts are reportedly somewhat slow moving and discounted. Conversely, 8-12 count are garnering interest and capturing a premium.

Gulf Domestic Shrimp: 26-30 and larger HLSO shrimp continue full steady to firm; the result of a rather thin supply situation. The balance of the sizes are readily available very near listed levels. PUD's were largely unchanged. While the supply situation has failed to improve, demand is only fair at best. Domestic landings were up sharply in 2009. According to the NMFS, U.S. Gulf domestic shrimp landings for December 2009 totaled 6.762 million lbs. (headless weight) compared to 6.939 million in December 2008. This brings the 2009 cumulative total to 131.302 million lbs., or roughly 31.34 percent above last year.

Jim Kenny
Urner Barry
1-732-240-5330 ext:264
jkenny@urnerbarry.com

Urner Barry's Black Tiger Shrimp Index

1/28/2010:
The Black Tiger Shrimp Index is $5.48; ncThe 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

01/28/2010:
The White Shrimp Index is $2.93; nc

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  January 28, 2010
Urner Barry Market Update -
January 28, 2010, 17:17 EST

Farmed Salmon: The Northeast wholefish market adjusted slightly higher on 6-8, 8-10, and 10-12, and 14-up fish; supplies are adequate to barely adequate for a moderate demand. 12-14s are unchanged.

The Northeast fillet market continues full steady; supplies are barely adequate for a moderate demand. A few higher offerings are collected.

The European wholefish market remains unchanged. The undertone however is unsettled; both higher and lower offerings are noted. Demand is reported to be fair.

The European fillet market continues to be unchanged. Supplies range adequate for a moderate to fair demand.

The Chilean fillet market is unsettled; both higher and lower offerings are noted on all sizes. The range of offerings and sales also varies widely between market participants. Supplies are adequate to fully adequate for a moderate to fair demand.

The Chilean steelhead market remains steady at listed levels. A few slightly higher offerings have been collected.

The Chilean coho market is now unquoted; supplies in the market are nil.

The West Coast wholefish market adjusted lower on 10-up fish. Supplies of these sizes are fully adequate, especially on 14-up fish and demand is dull. 6-8 and 8-10 pound fish are steady at listed levels; supplies are adequate for a moderate demand.
The West Coast fillet market is steady at listed levels.

Wild Salmon: The market is steady.

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

1/28/2010:
The Fresh Farmed Salmon Index is $3.84; -.01

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