VOL. 18, NO. 4 / FALL 2023 / URNER BARRY'S REPORTER • 33
0%
20%
40%
60%
2018 2019 2020 2021 2022 2023 YTD
Average Price Volatilty
Source: Urner Barry, UB Consulting
Shell Egg, White Lg
Urner Barry Pork Carcass Cutout - Value
Shrimp, Farm Raised, Asian, Raw P&D, Tail-On, White, 21-25 Ct
UB Beef Cutout - 600/900 Total Carcass Value Choice
-11%
-20%
-12%
-19% -19% -30%
-12%
-20%
-23%
-16%
-17%
-40%
-30%
-20%
-10%
0%
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2021 2022 2023 Change
U.S. Imports of Shrimp (Jul 2022 - May 2023)
Source: Urner Barry, U.S. Census
More recently, the market for imported farm-raised white and black tiger shrimp is
steadier. The burdensome oversupply appears to have dissipated and there are even
supply gaps in certain types and sizes. While most tend to agree that demand is better,
the market is seeking an answer to how much consumption has improved to further pare
inventories and influence price trends.
It is going to be interesting moving forward to see how this plays out given the price trend
over the last two years provided a competitively priced protein with low volatility risk, and
seemingly little perceived availability risk.
Article contributed by
Jim Kenny | jkenny@urnerbarry.com and Gary Morrison | gmorrison@urnerbarry.com