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HALIBUT

Total Halibut Catch for 2007 Season

                          Vessel Landings 5,692 / Total Catch Pounds 43,019,080 / Percent Landed 86%
Farmed Salmon:

Atlantic: The market continues heat up. There are many factors which are influencing this chaos in the market. Chile continues to fight the ISA disease. Rumors coming out of Chile are that many of the major player’s supply will be down as much as 40% the second half of the year. They are already down 20%, right during the peak demand causing everyone chasing a tight supply. The UB has risen 60 to 70 cents over the last month on fillets. Norway has been at record productions and have been shipping their salmon to Europe .  This has taken one the markets away from Chile but the loss of market share is not greater than the drop in supply. Chile is also fighting slow growth due to inferior smolts being produced. Canada has not been producing as much as they thought they would be during this time due to cold water conditions causing slower growth. With all this said expect the market to continue to climb until mid March and then we will re-evaluate.    


 



WILD SALMON

TROLL KINGS: 
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ALASKA : This season is now closed until the winter troll quota starts in October. Typically this fishery begins slowly peaking in production in the spring, usually late March and April. This year however we may see more effort as troll king prices are at an all time high.  

CANADA : The fresh troll king season is winding down in Canada as well. There have been small quota related openers on the south end of Vancouver island , however historically these openers produce mostly smaller and softer kings than those caught farther north. ( Queen Charlottes )

Washington : Closed until next year.

Oregon : Oregon ’s troll king season is virtually done for the year as well. We may see limited production of high priced trolls from several bubble fisheries.


 

NET KINGS: 

 

Columbia River: The lower Columbia River may get another small lower river gillnet opener for kings but at this time it is undecided. Above the Bonneville Dam the Native Americans were granted a three day extension from the 25th thru the 28th for up river bright kings.  

SOCKEYES:  Fresh sockeyes are done for the year but good supplies of frozen vac pac skin on PBO sockeye fillets are available.

COHOS: Although the Copper River coho fishery was a major disappointment we may see opportunities from Puget Sound, Wilapa Bay , Youngs Bay and the lower Columbia River . Frozen coho opportunities will be limited this year due to the diminished resource from the state of Alaska .

 

 

EXOTICS

Overview:  The exotic fish landings have been low to heavy depending on species. Look for this to be a great time to promote Tuna and Mahi as a great grilled fish item for your menu and seafood ad needs.

Blue Marlin: Coming in from Honolulu, Hawaii quality and pricing stable.

Stripe Marlin: Decent amounts of Stripe Marlin from Hawaii are available.

Escolar: Lot’s of production Coming in from Ecuador, availability is good. Good Value.

White Sea bass: Season is pretty much done some fresh available but price is high, the season generally is over the end of August. Some frozen available.

Monkfish: Fishing continues to be sporadic due to the lack of production, price is up.

New Zealand Exotics: Going into their winter. They have already had record rains.  Weather has cleared so expect to have a decent quantity of Bluenose, grouper and fresh Orange Roughy for next week.

Shark: Long lines off the southeast coast of the United States fish The Blacktip shark commercially. Black Tip landings have been non-existent but look to see availability before the end of this month. The Thresher Shark is found around the globe, in the Atlantic, Pacific, and Indian Oceans as well as in the Mediterranean . Thresher Shark availability is good and prices reflect the availability. Mako Shark, like Threshers are also found worldwide. Mako Shark landings are adequate and prices are stable.

Tilapia: Farmed fish is available from the mountain spring fed ponds of Ecuador. Consistent quality, stable availability and prices have made Tilapia a very popular fish and the market demand is increasing rapidly. Fresh shipments are flown in several times a week and in a variety of forms, such as sized skinless boneless fillets and gilled and gutted dressed fish. Caution is advised on low priced fish. With Tilapia, it is true “You get what you pay for.”

Wild Sturgeon:
Wild sturgeon are currently available from the gillnet fishery on the Columbia River . With each salmon opener the fishermen are generally given a specific fish quota to catch along with their salmon. This past opener the boats were allowed 10 Sturgeon per week.

Sturgeon (Farm raised): Farmed Sturgeon remains short in supply and will likely remain tight through the up coming year.

Ono: Coming in from Vietnam and Troll caught off the Big Island of Hawaii. The cycle of boats next week will be off in Vietnam. The boats are heading out and will be out for a few weeks. Ono is a Bi-catch item and is not a targeted species. Ono is a great alternative to Mahi when it is readily available.

Swordfish:  The Majority of the current production is coming out of Mexico . Quality is monitored by the color of the bloodline. The bloodline should be bright red. Swordfish is moist and flavorful with a slight sweet taste. 
Swordfish are graded the following way: Pups; fish 0-99 pounds, Markers; fish 100-199 pounds, Double Markers; fish 200 pounds and up. Pups are historically the best value in terms of pricing. Quality is usually monitored by the color of the bloodline. 

Mahi Mahi:
Availability /Production continue to be good. The majority of the current production is coming from Mexico , Ecuador and Taiwan . Mahi Mahi is available year round. Average size of Mahi is 5 -10 lb. Mahi is a sweet and has a mild-taste.


TUNA

Tuna (Yellow fin): Availability/Philippine, Fiji , Ecuador and Hawaii are the major areas of production. Vietnam production is over for the season. Ahi is graded by color and fat content. Yellow fin Tuna has a bright-yellow dorsal fin and a yellow strip down its side. Yellow fin tuna has a mild, meaty flavor.

Tuna (Blue fin): Fresh is available July- October in New England and June-November in California . Blue fin is graded by taking “plugs of flesh to test for color and fat content.

Tombo (Albacore): Albacore tuna is the only tuna that can be labeled as white meat The average size of Albacore is between 10- 30 lb. Tombo/Albacore Tuna is both a targeted fishery and caught as bi-catch with other Tuna Fisheries. No major Changes regards to availability, as it remains good and stable pricing. The albacore market is also driven by canned Tuna demand and what the fresh market can afford versus what the canneries are paying.

Ahi (Big Eye) Tuna:  Taiwan, Philippines, Fiji, and Hawaii are the major areas of production. The Vietnam season is winding down, and the quality is generally poor.  

Oregon Albacore Tuna: Looks like the fresh Albacore tuna season has come to a close. The fish migrated north into Canada with the majority of that catch being frozen on board for further processing into many sushi related items as well

 

SMELT 

Smelt:  (River Smelt)  N/A

Surf Smelt: Production should increase over the next few months for surf smelt as weather improves.

Smelt:  (Ocean) - Production should increase over the next few months for surf smelt. Currently only small quantities of night smelt are being harvested.

 

GROUND FISH

West Coast Ground fish:  Lower 48 fishermen are making good deliveries of Dover , Rex and Arrowtooth. Petrale landings are expected to drop off significantly as the 2007 Harvest Guideline is nearly caught. Watch for increasing prices and short supplies on that item. Dover, on the other hand, will have increasing landings as new trip limits go into effect Oct 1.The Lower 48 Whiting Season closed early this year due to excess Widow Rock bycatch. Fishermen and processors hope to negotiate another opening later in the year in areas where Widow Rock bycatch is not likely. The Canadian fleet is still landing Rock along with Rock Sole, Skate Wings and Arrowtooth. The Fall Alaska True Cod Season opened September 1. We expect landings to be limited and prices to be higher than normal. The best buys are Dover from the Lower 48 and Rock from Canada .

Fresh Alaska Cod: True cod is currently coming out of Kodiak Alaska

Alaskan Pollock: The B- Season in Alaska runs from June 10th to November 1st in the Bering Sea The B-season receives 60% of the yearly quota, so the next 3-4 months are the most important for the USA ’s largest scale fishery. Pollock stocks are healthy and the fishery is well managed and predictable, meaning that there are few micro inflationary stimuli on the supply side. But Pollock prices have risen to historic highs due to macro supply and a high demand for the product.

Canada: The ground fish supply from Canada has improved recently with additional vessels joining the fishery that for the past month had been targeting other species such as Whiting, Herring, and Salmon. Good supplies of  rockfish, perch, lingcod, and soles are available.   

(Washington, Oregon, California) Federal regulations imposed this year force our fishermen to choose, every 2 months, between fishing inside or outside the Rockfish Conservation Zone. The array of species and allowable catch, by zone, determine their actions and are reflected in our fresh product line of items. Expect “Beach Fish” such as; Sand Sole – Rock Sole – Starry Flounder and Rex to be prevalent along with the regular mix of Dover, English, Sand Dabs. Rock Sole and Arrow tooth flounder.

Trout: Overall trout supplies are a little short in supply. In particular some of the red meated products as well as 12/20 oz dressed white trout are short. Fishmeal price increases have affected the cost of the finished products.  

Catfish: Pond pricing has leveled off a bit, and the demand has remained stable. Cost will remain the same for the next few weeks.

SHELLFISH

Live Lobster: Overall lobster quality continues to be better than average due to cold water and weather condition. Prices will start to rise as the spring seasons are ending. Currently the demand from the processing sector is strong.

Lobster Facts: When preparing to go out to harvest lobsters the Lobstermen target three fishing areas. The inshore fishery which is up to 15 miles off shore, the mid shore fishery which is 15-50 miles off shore and the offshore fishery which is past 50 miles off shore. The area that will be fished in dependant on several factors including boat size, weather conditions, area openings and market need. Live lobsters are typically graded into three shell quality categories. New shell, a lobster that has shed his old shell within the last two to three months, after three months to six months they are considered firm new shell, and after six months they are called hard or old shell. New shell lobsters are weaker and have less meat fill as their bodies are focusing on regenerating their shells. A true fully meated lobster is a better value for the consumer as the ultimate price for the meat in the hard-shelled fully meated lobster is 15-20% better then lower priced soft – shelled lobsters, not including extra mortality costs that will be incurred through the distribution channels.    

Cold Water and Warm Water Lobster Tails:  There seems to be a good inventory of small size tails that came down out of the spring production in Canada. But anything much bigger than a 5oz,  people may have to wait until the Maine production kicks in. Which should be in late July and August.  Last years production really did not get going until early September. Warm water production on Brazilian tails is happening now with Honduras kicking in, in about a month. Prices are high right now with the product moving out quite rapidly. With the Western Australian market not softening, the Brazilian prices have held their own with prices even moving up. When the Honduran production comes to the US. Their prices may be somewhat lower but it may not push the Brazilian prices down.

West Coast Shrimp meat: West Coast season has been off to a slow start.  Weather has been a constant issue, keeping boats of the water more often than not.  What catch has come in is a solid 350/500 count, although there have been some small landings of a very nice grade of 250 and larger.  Much of the recently landed shrimp is going to the fresh market, although we are beginning for freeze small amount as well.  Prices are firm and expected to stay so.

Mexican Wild: 
The day boats have been catching shrimp since 9/18 and the big boats departed for the Sea of Cortez 9/27.  Packing will commence in mid-October with new season production available by the end of October.  Pacific Seafood will carry again our “Sea Rock” line of all natural Wild Mexican prawns (both whites and browns).   The only ingredient in this product is wild “Shrimp”.  It is too early to mention pricing though the historically high volumes and low prices from last year will likely revert to a more normal seasonal pattern (i.e., a soft rise in prices).

Farmed Whites:  Raw material prices in Asia have firmed up and the weaker dollar is making product more expensive.  Latin American supply is increasing though, primarily from Ecuador and Mexico .  The market for blocks and value added is steady though certain discounts are offered to spur movement.  We carry a broad line of block and value added farmed products.

Farmed Tigers:  Imports are trailing last year as tiger production tends to be replaced by white production in several Asian countries ( Indonesia , Vietnam , Malaysia ).  Tigers have maintained a steady premium to whites and even wild Mexican whites this year.  Given the macro trend to lessening tiger production, we anticipate the premium over farmed whites to continue.  Ask our sales reps about our tiger blocks from Bangladesh and the incoming tiger pndto’s from Indonesia .

White Shrimp: Overall production continues to grow around the world though lower raw material prices at origin have been offset by the weaker dollar.  White shrimp now comes from many Latin American and Asian countries so any shortfall at one origin gets quickly replaced by another.  The predominant farmed species is penaeus vannamei, which is endemic to the Pacific coast of Mexico and Central America .  Another species endemic to the same area is the stylirostris shrimp – this will continue to be marketed as a ‘white shrimp’ though it has an attractive blue tint to it.  We currently are carrying white shrimp from Mexico , Thailand , Indonesia , China , Ecuador and the U.S.   
Prices will continue to be steady (and historically low) as shrimp slowly becomes embraced as an American staple protein.

Tiger Shrimp: Tiger shrimp imports will continue to lag prior years.  Bangladesh, India, and Vietnam are the primary growers of penaeus monodon, which is endemic to SE Asian waters.   We have block tigers now available from Bangladesh and await fresh harvest pricing on value added products from India and Vietnam. The slowdown in availabilities will keep tigers priced at premiums to comparable white farmed and wild sizes.  It was a decade ago when tigers were introduced to the U.S. as cheaper substitutes to the farmed white products.

Dungeness Crab: Preliminary crabmeat recovery tests have been made along the West Coast and the results are favorable for seasons to open on time. San Francisco should open around November 15th however there has been a significant oil spill in San Francisco that could delay the opening for a few days. Landings from the San Francisco season are expected to be less than normal and prices higher. The rest of West Coast may open December 1. Most veterans think this season will end up being delayed until later in December due to price negotiations and that landings will be less than normal. Pricing is undetermined so far.
King Crab: Pacific Seafood and its Russian partner own 40% of the Red King Crab quota in the Barents Sea above Norway. The Barents Sea is known to have the largest Red King Crab in the world. This is the very same species as if caught in our Alaskan waters. The season starts in late October and usually lasts into March

As always if you don’t see a particular fish in the case, please ask about the availability of it. Chances are we can bring it in for you as a special order.

Thanks for shopping at Fitts, Rod and Mimi Purdy

 


 

 

 

 



 

 

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As always if you don’t see a particular fish in the case, please ask about the availability of it. Chances are we can bring it in for you as a special order.

Thanks for shopping at Fitts, Rod and Mimi Purdy

 

 

 

 

 

 

 

 

 

 

 

 




 

 

 


 

 

 

 

 

 

 


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*******************************************************

As always if you don’t see a particular fish in the case, please ask about the availability of it. Chances are we can bring it in for you as a special order.

Thanks for shopping at Fitts, Rod and Mimi Purdy



This Page Last Updated: February 21, 2008