June 26, 2018 — SEAFOOD NEWS — The National Marine Fisheries Service is reporting May 2018 Gulf of Mexico shrimp landings (all species, headless) of 16.281 million pounds compared to 14.585 million pounds in May 2017. This is the largest May total since 16.288 million pounds were landed in May 2009.
The Louisiana fishery led all Gulf states in May with landings totaling 10.369 million pounds. This is considerable since there hasn’t been a single production month in excess of 10 million pounds in that state since June 2014.
The cumulative total for the entire Gulf now stands at 28.14 million pounds; 2.1 million pounds or seven percent below the Jan-May 2017 total of 30.25 million pounds. The trend is still notable as landings in each of the last two months have exceeded the prior five-year average and the 2018 cumulative total stands 5.2 million pounds or 23 percent above the cumulative total of the prior five-year average.
As you would expect, ex-vessel prices are lower, especially for 21/25 and smaller count shrimp; and the Urner Barry markets have come under considerable pressure in recent sessions as seasonal production expands and where carryover inventory exists. Weakness is evident throughout the complex, but especially on 16/20 and smaller headless shell-on shrimp, and all-size PUD’s and P&D’s.
This story was originally published in Seafood News, it is republished here with permission.