Whiplash in Halibut Market

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You can break your neck watching the price of halibut swing to extremes. Two weeks ago, we were selling fillets for less than $18 per pound. Last week, they jumped to well over $20. Now, this week, we are back to under $18 a pound. The good news is that when the boats can get out, they catch the living daylights out of halibut in both Alaska and Eastern Canada. In the next few weeks, as we approach summer, the weather should stabilize, and so should the price fluctuations. We expect halibut fillets to be a value for most of the summer.