East Coast Lobster has been on sale in the CA desert for $5/lb, for the last 3 weeks.
Last year it ran as low as $1/lb.
West Coast lobster is hard to find at reasonable taste or size.
Anybody know the actual mechanics of the market driving these low prices, or has Guido been busy in New Jersey providing more feed for East Coast Lobsters the last 6 months?
The bankers again. From Iceland to Canada banks loaned money to build processing plants. They couldn't service their loans and went bust. Only about 70% of the catch goes to the live trade so there is a lot of excess on the live market.
Some of these plants are (were) really high tech. Whole Foods was buying lobster which was pressure shucked..two dunks in tanks of water at almost 90,000 psi kills bacteria and makes the shell fall off..without hurting the meat.