Same Story: Shrimp Volumes Good, Shrimp Prices Bad

NOAA has now released shrimp landings data from the Gulf of Mexico for May 2016.
For the month, NOAA reported landings of 10.3 million pounds shrimp in the region, 26.9% below the prior fourteen-year historical average.  The total, however, marked the second straight year of landings increases in the month of May compared to the prior May.
For the year, 23.6 million pounds of shrimp have been landed in the Gulf of Mexico, an amount that is 8.6% below the prior fourteen-year historical average.
For the first five months of 2016, landings in Alabama (3.3 million pounds) are the highest recorded over the last fifteen years, while landings in Texas (6.9 million pounds) are the highest since 2012.  Of all the states, only Louisiana has landed less shrimp in 2016 (10.1 million pounds) than in 2015 (10.3 million pounds).
Ex-vessel pricing data for the month of May shows a sharp divergence in prices for large and small shrimp.  On one hand, the prices for 41/50 count headless has plummeted to historic lows and was reported to be $1.08 per pound in the Western Gulf last month.  On the other hand, the prices for UN/15 count headless have firmed with prices of $9.37 per pound reported in the Northern Gulf last month, near the historic high of $9.45.
Please click the following link to view SSA’s compilation and summary of May 2002-2016 Shrimp Landings and Ex-Vessel Prices for the same time period:

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