ANALYSIS: Live Lobster - Dull Demand, Declining Imports, Unsettled Market

This year, Maine fishermen are embarking upon the summer fishing season during the unprecedented time of COVID-19. Rising cases, limited restaurant re-openings and restricted travel are all negatively impacting market demand for live lobster. Due to the lack of foodservice sales, supply has been outpacing retail demand; resulting in depressed prices. Hard shell New England chicks, quarters, halves and selects are all trading below their 3-year averages. As an example, New England hard shell halves are trading 23% below their 3-year average...
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