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US wholesale: Winter storm sends live lobster prices skyward as landings crash
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Undercurrent News
US wholesale prices for live North American lobster (Homarus americanus) surged yet again in week five of 2025 (Jan. 26-Feb. 1) as the recent winter storm that hit the Atlantic Coast of North America froze lobster landings.
Supply of new-shell lobster was severely curtailed due to the storm impeding fishing in the US Northeast.
One dealer said on Tuesday that boats in the US state of Maine had not been out for more than a week.
As a result, prices for new-shell lobster hit season highs for the second week running.
On the hard-shell side of the market, over half of the reported sizes rose more than 10% in price, with large selects and jumbos shooting up by 13% and 18%, respectively, reaching new highs since UCN launched its live lobster assessment [...]