Archive for October, 2010

Winter is coming…

Friday, October 29th, 2010

Happy Friday – We have the first big storm of the year getting organized out in the North Pacific.  Ground Fish supply will face moderate disruption, especially sole and rock fish.

FRESH SEAFOOD – The Alaskan Troll King market is plugging along with steady landings each day.  We expect the volumes to drop off as fishermen return home for Thanksgiving.  The Washington State Coho run is down to a trickle as the season comes to an end.  Puget Sound chums are hitting in heavy numbers and always offer a nice value during this time of the year.  Farmed Salmon prices seem to have stabilized for the next 2-3 months with a possible abundance of larger fish (12LB and up).

FROZEN – Crab products across the board are approaching new highs.  King crab out of Russia is nearly non-existent due to fishing restrictions.  The Russian fishery produces the vast majority of the worlds 16-20 ct and 20 up ct sizes.  These value sizes are nearly two times as expensive as a year ago.  Similar factors are also causing upswings in the Snow crab market.  Value sizes such as 5-8oz clusters are selling at levels nearly 40% higher than last year.  Dungeness will be a value for those customers who “buy-in” early during the Oregon and Washington season.  Once fishing begin to slow down the live/export market will drive the dock price up.

SMOKED PRODUCTS – Are you looking for something unique to offer to your friends and family this holiday season?  Stop by or call one of our retail shops and we can put together a nice mail order package to ship anywhere in the United States.  My personal favorite is the salmon candy and Alder Smoked Ivory King.

Prices going up?

Monday, October 18th, 2010

The world looks to the Pacific Northwest to supply large amounts of seafood.  Combine increased global consumer demand with the relative weakness of the dollar (compared to the Yen, Yuan, Euro) and the domestic consumer will pay increased prices.  Halibut, Black Cod and various salmon are just as likely to show up on a dinner plate in Japan as they are in a restaurant in Seattle.  The same is true for imported products like Black Tiger Prawns and Tilapia; more US dollars are needed to buy the same amount of product.  The increased cash required to import product means companies are inventorying less.  Low inventory levels can lead to aggressive price fluctuations both up and down.

Unfortunately we are in the middle of a general price upswing.  We say “general” because pockets of value exist. The best way to benefit from these pockets is not to be locked in one species or specification when a similar product will work.  Give us a shout in the office and we can help you figure out your best alternatives.

In House this Week:
-    Quileute River Coho
-    Fresh Live Red Abalone from California
-    Hook & Line Black Cod from Oregon
-    Wild Mexican Shrimp, U-12 Count

(Note – we carry hundreds and hundreds of items… sometimes we just get excited)

We are working with an independently owned farm that takes great pride and care in delivery of this Abalone.  On Tuesday morning the product will be harvested from the beaches and catch a plane to arrive at Sea-Tac in the early afternoon.  The Abalone will then be loaded into our live system and await new their homes.  Abalone are typically 3-4 inches in diameter and are truly one of the great delicacies of the seafood industry.  Take a look at product being prepped for shipment:

Red Abalone from California

Winter Troll Kings from Alaska

Wednesday, October 13th, 2010

The Alaskan Winter troll king salmon fishery opened on Monday.  First fish should arrive in Seattle today or tomorrow.  However, weather has grounded a few flights in Sitka.  Please contact your sales rep for more details.

Model King Salmon