3-Minute Market Insight
EP 385 | Aired 05/07/2018
Chum Salmon Market Update: Buyers Beware of Fillet Offers below “this level” as Quality Issues Could Factor

May 7, 2018 - In this week's episode we examine Chum Salmon.

About 25 million chum salmon were harvested in Alaska in 2017, about 45 percent was caught in the Southeast region like the Prince William Sound The average fish size...

last year was 7.8 pounds in the round, predominately fitting in to the 1-3lb Trim C spec at about 2.3 lbs fillets on average.

Good meat colour fillets are around $3.90/lb on the West coast right now, with Pales at $3.20/lb if you can find them.

SINBAD Pollock
There have been plenty of Dark skin offers lately, decent volumes of semi-brites, and limited offers on Pale meat colour Chums.

Headed and gutted dark skin good meat colour Chums range between $2.05 and $2.40 in Seattle this week.

--- The 2018 Chum Salmon harvest in Alaska predicts 21 million Chum Salmon will be harvested, about 14 percent of the all-species forecast for the State.

Overall, salmon catches will be down year-to-year so we anticipate pricing to slightly strengthen as a result.

--- The fresh Chum market will begin with the Early Chum Salmon run in June - freight costs on in the fresh market can range from $0.50 - $1.00 /lb, which is difficult to absorb on Chum Salmon.

Most buyers choose Chum Salmon not for the mild flavour, but as an affordable "wild salmon" option on their menu.

TradexLIVE Salmon

In the twice frozen market, raw material inventories are low, with limited offers on finished goods from Asia.

Premium quality skin on Trim C twice frozen Chum fillets are in the range of $3.85 to $3.90 in Los Angeles.

Buyers should beware of fillet offers below this level as quality issues could factor.

--- And finally, our TradexLIVE offer of the week is for Ocean Run #1A Pacific Cod Fillets.

We have 10,000 lbs of Single Frozen, MSC Certified IQF fillets available in Seattle for $4.49/lb USD.

This is a tremendous opportunity for fish and chippers in a high priced market - cut your own cod portions from great quality, larger fillets.

Call your sales rep for more information.

TradexLIVE Offer Of The Week
TradexLIVE Offer Of The Week

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