3-Minute Market Insight
EP 399 | Aired 08/13/2018
Westcoast Sockeye Update: Alaska Sockeye Harvests Down Despite Stronger Bristol Bay Numbers

August 13, 2018 - The Alaska statewide species total harvest reached 87.7 million salmon last week, down 45 percent year-to-year from 158 million salmon this time in 2017 - this is primarily due to pink salmon bumper harvests on odd-numbered years...

This week’s 3-Minute Market Insight is brought to you by GQ Freight.

GQ Freight, an industry leader, recognizing that real time GPS tracking of your Refrigerated Truckload Shipments is no longer a Luxury, but a Necessity.

GQ Freight, Excellence Delivered. On Time, Every Time.


2018 Alaska Salmon Commercial Harvest Counter
(Harvest in thousands of fish)
Tradex 2018 Alaska Salmon Commercial Harvest Counter
Updated: MON AUG 13 2018 7:46AM (View Previous Weeks Totals)

Of that total, 48.2 million sockeye salmon were harvested - 87 percent came from the Bristol Bay Area in the Central Alaska Region.

This time last year, the statewide sockeye harvest was 52.3 million salmon so although Bristol did well this year, it is still down from last year.

SINBAD Platinum Sockeye Salmon
The majority of the run this season is said to be 2-4lb fish, which we think could leave the Sockeye market short in total pounds caught.

As for prices, headed and gutted pricing ex Seattle cold storage has been volatile, with offers varying between 15 and 55 cents.

2-4lb headed and gutted Sockeye salmon pricing is up roughly 50 cents per pound year-to-year, about 15 percent over 2017 prices during the summer.

4-6s are also stronger this year, up about 25 to 40 cents per pound year-to-year.

The harvest forecast from the Alaska Department of Fish and Game was 37.6 million fish, so although Bristol did come in stronger than anticipated, processors are keeping quiet about inventory holding, which is fairly common during a year that the Fraser River opens.

GQ Freight

The Department of Fisheries and Oceans opened the Fraser river for 24 hours last Wednesday, for the first time since 2014.

About 20 million Sockeye were harvested in the Fraser River in 2014, and between 8 and 23 million were forecasted to be caught this year.

Scientists have expressed concerns about the water temperatures for the migrating salmon, last Monday the water temperature was 20.3 degrees Celsius, about 2.3 degrees above average for this time of the year.

Despite the conditions, initial reports from the Wednesday opening was firm, quality Sockeye and in abundance.

It's too soon to speculate pricing on Canadian Sockeye, but we do know that the Canadian fishery could put downward pressure on Alaskan Sockeye this year.

--- And finally, our TradexLIVE offer of the week is for 16-32oz Shatterpack cod fillets.

We have 22,000 lbs of #1 Quality, Single Frozen, Skinless, Boneless, Pacific Cod Fillets in Seattle at $4.87/lb USD.

Call your sales rep for more information.

TradexLIVE Offer Of The Week
TradexLIVE Offer Of The Week

If you have a topic you'd like to hear on upcoming 3-Minute Market Insights, tweet us on Twitter @TradexFoods

Copyright © Tradex Foods Seafood News

News | inFINite Model | School of Fish | 3-Minute Market Insight | TradexLIVE