JUNE 2018 MARKET UPDATE

Not only have the summer months brought openings in the seafood market (see wild salmon and lake fish below) but the recent temperatures are pretty much begging you to get outside and do some grilling.  Pictured above is a farmed Salmon fillet from the Faroe Islands.  When people think eating healthy, they are immediately drawn to salmon because it’s packed with omega 3’s and protein.  However, keep an open mind this summer.  Using less popular fish is great for species preservation and sustainability, not to mention easy to cook and great tasting!  Stay tuned for our more in-depth guide to grilling some of our favorite fish and seafood.  Here is our market guide to kick off the summer months!

  • Farmed Salmon:  Prices from Chile are softening slightly and should continue to drop for the next few weeks before stabilizing for the remainder of the summer. European Salmon prices are currently high, but also should drop slightly and then stabilize for the summer. Alternatively, 60 South and Verlasso pricing should be stable through the period.
  • Wild Salmon: The Copper River season has been very poor to date and many areas scheduled to open June 1st & 4th have been cancelled or pushed back. We expect the Sockeye run to start soon but have not really seen much if any landings to speak of to date. Once the run gets going supply should be good through July.
  • Cod:  Iceland had a Fishermen’s holiday over the weekend that slowed the supply of Cod but it should be back to normal quickly. Supply of all Icelandic Cod should be good and stable all summer.
  • Lake Fish: Walleye fishing has been very good this early season and is expected to be strong through July. Again, most of the catch, 75% at least is Medium sized Walleye. This will be the trend through next year. Yellow Perch landings have been very strong in May and is expected to be good through June. The water temperature is slowly rising and this will cause the fish to move to deeper colder waters. Usually we are seeing this happen by now but this year fish movement is late. This might give us more mid-summer fish usual but only time will tell. White Bass is slowing down as usual this time of year. Expect White Bass production to be hit or miss through the summer.
  • Halibut:  Both coasts are producing very nice Halibut now. Great quality product is being landing by both. Expect Alaska to slow production as wild salmon season strengthens. Many fishermen hold quota for both species but Salmon needs to be fished when they’re there and now is the time. Halibut season goes until November, so they will go back to it when the Salmon run ends. Atlantic fish will be available all summer but pricing will be slightly stronger than current numbers.
  • Soft Crabs:  Season is in full swing right now. The run will have ups and downs through the next 6 weeks. But for the most part soft crabs will be available through July and into early August.

 

APRIL 2018 MARKET UPDATE

 

  • Farmed Salmon: Prices on farmed salmon from all origins are moving upward.  This trend is normal as demand during Lent and Mother’s Day pushes prices up.  However, additional pressure is being placed on the salmon market worldwide by an algae bloom in Chile earlier in the year which caused farms to harvest fish earlier than expected.  We do not expect relief until June in regards to farmed salmon prices.
  • Cod: Iceland has had a temporary glitch in supply due to the Easter holiday, supply will return to normal within a week or so.
  • Skrei Cod: As the annual migration comes to an end, supply will only last the next couple weeks.
  • Wolf Fish:  Our first shipment of H&G Wolf Fish arrived last week.  This Norwegian fishery is well-managed, and recognized for its sustainable practices.
  • Lake Fish: Walleye fishing has been very strong this early season.  Yellow Perch opens in Ohio on May 1st.  Catches should be strong in May and June.  White Bass, White Perch and Whitefish have been coming in strong and expect those species to be in good supply through June.
  • Sword and Tuna:  Sword and Tuna supply should improve in the coming 2 weeks as fishermen fish the Full Moon of last weekend.  We are expecting a good supply of Sword over the next 2 weeks and prices should be attractive as well.  Tuna supply will improve, but we do not expect prices to fall as low as Sword this cycle.
  • Grouper: As of April 1st, the annual Gulf of Mexico black grouper closure is over.  It will take the fishermen a few weeks to bring in a steady supply.
  • Mahi Mahi:  The Alaskan Halibut fishery has opened with strong catches and great prices.  This has driven down the prices on Canadian Atlantic caught Halibut.  Expect good landings early, but supply will taper off as Wild Salmon season approaches in late May.
  • Soft Crabs:  We expect to see Soft Crabs starting to show in the South over the next couple of weeks.  The Maryland/ Virginia season will open just before the full moon on April 29th. From here, the first strong run will continue through mid-May.

 

Pictured above; Parrotfish in our retail market in the Flats.  Below; Santa Barbara Smokehouse Smoked Salmon on Bagel and Smoked Salmon appetizer board.