REPORT

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SEAFOOD SHRIMP, DOMESTIC (WHITES AND BROWNS): We are starting to see lower inventory on large size shell-on Shrimp, both Browns and Whites. Prices will continue to inch up as inventory becomes an issue. DOMESTIC PUDS: Pricing is stable and inventory on all sizes seem to be in good shape. If we have good weather on the East Coast and demand picks up, we could see inventory on large and midsize Puds to decrease and prices should rise. SHRIMP, IMPORTED (BLACK TIGER AND WHITES): Black Tiger Shrimp has turned higher as expected. The tiger market is expected to stay strong through the winter. Production on Tigers is very low and the difference in price between Whites and Tigers makes the switch to White Shrimp an easy move. Large Latin White movement has been slower than expected. We may see lower pricing in this category in the near future (MEXICAN BROWNS AND WHITES): Mexican Farmed Shrimp are seeing a decrease in production, which will have an effect on Asian and Latin American Whites. Wild White Mexican Shrimp season produced very few Shrimp. Weather patterns in the Pacific are being blamed for the lack of production. CATFISH, DOMESTIC & IMPORTED DOMESTIC: Production of Farmed Domestic Catfish is now seeing some good numbers. Production is good and the number of fish coming out of the pond are good. The next few months should determine how the spring season will be. We are starting to see shortages on smaller fish this should cause prices to rise on smaller sizes. We could see shortages on Raw Fillets between April and June. IMPORTED: There was a small downturn in price on Imported Catfish. New season fish is starting to hit the US. Long-term outlook is still uncertain. SALMON ATLANTIC FARMED SALMON: The Salmon market is unstable on fresh and frozen product. There is still a shortage of frozen product causing pricing to remain high. MAHI MAHI The Mahi season so far has been very disappointing. Lack of fish in Central and South America is causing shortages. Processors are reporting that we may see 50% less fish than last year. It is reported that the industry will suffer and we need to look for other options. SCALLOPS SEA: A fair amount of inventory is keeping Scallop pricing in check. Normally this time of year we will start to see higher pricing. We do feel we will see higher pricing in the near future. BAY: Pricing is now steady, but we feel there is some more upside to this market. Inventory is tight. TILAPIA Inventory in the U.S. seems to be good and replacement cost seem to be trending lower. We could start to see a shortage in 7-9 oz fillets. PANGASIUS Pricing overseas has moved up, and the outlook now is for higher pricing through Lent. WHITEFISH COMPLEX COD: The market for Atlantic and Pacific Cod continues to see stronger pricing. It is expected to see cod pricing higher than Haddock this year. Product is becoming tight coming into the Lent season. POLLOCK: The fishery for Pacific Pollock has produced only smaller fish, just 2-4-oz fillets. This could cause an inventory issue for Frozen Loins if they don’t start catching larger fish. Larger Fllets - 4-6 oz and 6-8 oz - are very tight. HADDOCK: Pricing on Skin-on Fillets and Skinless Loins look to be steady. We will see a price increase on Skinless Fillets. Inventory does not seem to be an issue. H&G market has turned upward, but inventory levels are keeping pricing in check. TUNA, YELLOWFIN (FROZEN STEAKS & LOINS): Tuna is fairly stable in pricing and inventories are good. SWORDFISH The catch in Central and South America has been slow with mostly smaller fish being caught. We could see higher pricing as this fish hits the market. Six-ounce portions are in good supply. Ask your sales representative about this size fish as the yield is better than industry standard. KING CRAB (RED & GOLDEN): King Crab is seeing shortages in all sizes and pricing is getting stronger. The need for Crab worldwide is causing pricing to increase. CRABMEAT (BLUE & RED, PASTEURIZED): Blue Swimming Crab has moved up and we expect the price to remain strong through the rest of the year. We expect to see shortages for the next 30-45 days. Jumbo Lump and Claw Meat seem to be the hardest hit by the shortages. Red Crab season has opened and prices are now stable. With the increases in pricing with Blue Swimming Crab, we could see processors raise the price of Red Crab. SNOW CRAB ALASKAN: Fishing has started with reports of slow fishing. They have cancelled the Baridi season for 2017. Larger Crab will now have to come from Canada, Norway and Russia. CANADIAN: Pricing moved up again this week. Inventory is still unclear in the U.S. Prices could rise more with a shortage of Alaskan Crab. Crab is becoming short and we are starting to see vendors put case limits on orders. The lack of ice in Canada will help fishermen get out crabbing on time. LOBSTER TAILS NORTH AMERICAN LOBSTER: The general opinion on Cold Water Tails is that market has to go up. We have not seen any increases on Lobster Tails but we feel where there is talk there is fire! Large Tails are very tight on supply. The live market has turned lower on both Hard and New Shell product. LOBSTER TAILS WARM-WATER: A good harvest of Warm-Water Tails is being reported out of the Bahamas. The recent storm has pushed prices higher. We expect prices to increase through Valentine’s Day. LOBSTER MEAT: Pricing has turned to a more steady tune over the last week. Inventory reports are fair and the fall season has produced good quality meat. It is still too early to predict where this market will go after the first of the year. Beware of lower cost product, make sure you compare quality. 6

PRODUCE Extended rain is in the forecast for all California growing regions on Strawberries starting the February 16 and through early next week. Harvest disruptions are expected for Citrus and Strawberries as we go through these weather events. Cauliflower supplies are still low and may decrease going into next week. Chinese New Year has led to supply shortages on Garlic as China stops producing/shipping product during Chinese New Year. Expect prices to remain high into next week. Broccoli supply is light this week, but showing signs of improvement as the market is down this week. VEGETABLES POTATOES Russet: Markets are steady on all sizes. Quality is very good. The Norkotah supply is slowly winding down. Most sheds will have this variety wrapped up by mid-March. We expect some market strength by the end of March as the sheds transition to the more costly Burbank variety. Reds: Quality is good with good volume. Yellows: Quality is good with good volume. CABBAGE Cabbage is down this week with good supply and moderate demand. LEAF LETTUCE Red and Green Leaf: Green Leaf market is up this week. Supplies are very light with demand that exceeds supply. Supplies are expected to remain light into next week. Quality of available product is fair. Romaine: Romaine market is up this week with very light supplies and demand that exceeds supply. Supplies are expected to remain light for the next several weeks. ICEBERG LETTUCE Iceberg Lettuce is down this week. Supplies continue to be light and are expected to remain light. Sizing and quality are fair. GARLIC Chinese Peeled Gralic pricing remains high this week and is expected to remain high into next week. There is a steady supply of Chinese Garlic coming into the East and West Coasts. California Garlic is expected to be in good supply this year. ONIONS Domestic oversupply and increases in import volume from Mexico continue to drive prices down. It is likely we will see this market remain with a sluggish feel until demand picks up. CHILE PEPPERS Chile Pepper market is flat this week. CILANTRO Cilantro market is up this week with light supply and moderate-to-good demand. Expect to see some yellowing and decay. CUCUMBERS Volume continues to be light for off-shore East supplies. Quality remains variable. For the West, Nogales crossings continue with good quality. SQUASH Yellow Squash: Supplies have greatly improved after the weather issues that drove the market up the previous weeks. Current supply is strong with good quality out of the West, but variable quality out of the East. Zucchini: Similar to yellow squash, supply and quality have improved causing the market to increase. GREEN BEANS Green Bean market is mixed this week. Machine-picked and handpicked Round Green Beans out of Central/South Florida are flat. Handpicked Round Green Beans out of Mexico through Arizona are up. Haricot Verts are down. EGGPLANT Steady market out of the East with good quality. Nogales crossings continue and quality is good. BELL PEPPERS Green: Green Bell Pepper pricing jumped significantly late last week. Mexico scrapped most of its crop due to cheap prices and an overabundance of supplies. Now the majority of the Peppers will have to be supplied out of the East. Florida had poor weather come through about six weeks ago and is now starting to feel the effects, reducing the supplies in the East. Expect a tight market for the next few weeks. Red: The Red Pepper market has increased, but not as significantly. Expect an up market for the next few weeks. 7