Lobster Tails & Meat Pricing Continue Their Gradual Slide

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Sensing “economic clouds on the horizon,” companies producing Canadian cold-water lobster tails and lobster meat (like Downeast) are eager to get their prices down from the historic highs of last summer. Everyone in the industry, except the fishermen of course, agrees that they must get back to historical “normal range” pricing.

One of the limiting factors is the volume of landings and the price paid at the dock. Companies on the water cannot just pay the fishers whatever they feel like paying because many fishers will leave to find a better market elsewhere. That fear of losing fishers is what keeps dock prices elevated. 3-4, 4-5, & 5-6 tails are all now well under the $25 mark, and 3-4’s could be under $20 a pound sometime this fall. 6-7 and 7-8 tails are well under $30 a pound, and only 8-10 and 10-12 tails are in the 30’s. C.K. meat is in the mid-’30s now, and the trajectory from this point to year-end will still be downward.

(Full Newsletter)

Prices are subject to change.

7/11/2022