What's up with Lobster prices?

You may have been wondering what's up with lobster prices lately. Here's what's going on. There are a number of factors at play here.

 1. Local lobstering had slowed to a crawl in March and early April. A lot of local fisherman pull their traps and head south for the winter. A few weeks ago a lot of guys started setting gear out again. The catch is starting to increase.

 2. During the summer and fall, lobsters are placed into pounds and tubes to hold until the winter months when prices climb. Lobster pounds are entire bay's seperated from the ocean to keep lobsters. About a month ago, those resources had been depleted, causing there to be less product on the market - hence prices climb.
 

 3. April 20 started the opening of the Canadian lobster season. As you can see from the chart above, Newfoundland was the first to open. Other areas will continue to roll out over the next few months. This will add more product into the market and you will see lobster prices continue to fall.

4. The local catch will start to increase. Soon shedders ( soft shell lobsters ) will start being caught causing a split in price between hard shell and soft shell lobsters. This is when you will see a sharp decrease in lobster prices. Just in time for summer.

 That's it in a nut shell...

Maine Halibut Season is coming

Taylor Lobster is a direct buyer of Day Boat Halibut. With the season approaching quickly I thought I'd put out some information. out Season: Atlantic Halibut fishing in Maine's territorial waters ( out to 3 miles ) Begins at sunrise May 1, 2016 and ends at sunset June 30, 2016 Size limit: Halibut must be 41 inches from head to tail or 32 inches with head-off Possession limit: Commercial vessels may land no more than 25 halibut during the season. Tagging: Hallibut must be immediately tagged with an approved landing tag. The tag must be attached tightly around or through the tail just before the tail fin.\ Gear Type: It is only legal to fish Maine halibut with circle hooks. A max of 450 hooks per vessel.

What the %$#& ???

Have you noticed the price of haddock on the rise lately? It's not because of a mighty hurricane or and unusual amount of market pressure. It's because of a guy out of New Bedford Massachusetts. He owns one of New England's largest fishing fleets and has been fleecing America. I'll put the link at the bottom so you can read the Boston Globe story. You can't make this stuff up. Long story short- this guys was landing slow fish with strict quotas, reporting it as haddock and selling it to another guy in New York for cash. He's been making a fortune illegally...(ALLEGEDLY) It makes me wonder how many times over the years I've looked at a competitor's price on dabs or sole and wondered how it was even possible with the auction prices higher than their selling price. The writer of the Boston Globe article hits the nail on the head - the simplest explanation is usually the correct one.

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