News Summary December 9, 2016
Today's Main Story: Lobster Market at Inflection Point as Many Canadian Processors Halt Production This Weekend
Opening the news today is a focus on how this year's Southwest Nova Scotia lobster season is very different than last year. However, the ultimate direction of the lobster market for all products, live, meat, whole cooks, and tails, is still very uncertain. This year's fishery was delayed by a day, due to bad weather, and in the past week more gales have curtailed or slowed fishing. Last year was the best fishing weather in many years. So, the overall expectation is now that the total landing volume for LFA 34 is likely to be less than in 2015-2016.
In other news, Kim Gorton, CEO of Slade Gorton and Chairperson of NFI this year, testified this week on the absurdity of the USDA catfish program. Her testimony is as good a summary of the catfish issue as we have seen. It is truly a burden on most seafood businesses.
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