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So I've been hearing that lobster is supposedly cheaper than deli meat.

n
ns1 Aug 7, 2012 02:30 PM

There's a glut of ME lobster that's driving prices down. Of course, if you're buying your lobster prepared the savings are probably not being passed down to you.

However, if you want to get it raw, it should be cheap...right?

Is there anywhere in SoCal that's selling ME lobster for CHEAP?

"Harbors up and down the coast of Maine are filled with idle fishing boats, as lobster haulers decide that pulling in their lobster pots has become a fruitless pursuit.

Prices at the dock have fallen to as low as $1.25 a pound in some areas—roughly 70% below normal and a nearly 30-year-low for this time of year, according to fishermen, researchers and officials. The reason: an unseasonably warm winter created a supply glut throughout the Atlantic lobster fishery. "

http://online.wsj.com/article/SB10001...

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  1. Dommy RE: ns1 Aug 7, 2012 02:46 PM

    NOTE: Prices at the dock...

    Which means to get those deals, you have to go to Maine and purchase a certain amount straight from the fisherman... but good luck with that... Plus, all that inexpensive lobster has eager buyers, not only locally but with the increased demand of Lobster in Asia like the Growing Chinese Middle Class... here this is a story about Canadian Lobster... no doubt Maine wholesales are seeing the same rise of demand:

    http://www.istockanalyst.com/business...

    Further, for for us to get Maine lobster, LIVE... there is still a lot of the hard cost of travel and distribution, which has not gone down. So while you might see more Lobster specials at 99 ranch (which in most cases have lobsters 3lbs and up), I doubt the prices, what with our own local demand will fall as dramatically here...

    --Dommy!

    3 Replies
    1. re: Dommy
      n
      ns1 RE: Dommy Aug 7, 2012 02:56 PM

      I assumed that normal supply/demand rules would be in effect, guess not.

      I mean Lobsta Truck and Lobster ME have to get their lobster from somewhere...right?

      I'm obviously not expecting to pay $1.50/pound, but if we see a -$2/pound change in price...

      1. re: ns1
        Dommy RE: ns1 Aug 7, 2012 03:39 PM

        Yeah, by the time they get it, it has been marked up at least 3x (From fisherman to wholesaler on site in Maine to distributor here in L.A.)

        Food is a comodity... and normal rules of supply and demand don't always apply because the end product has passed through so many hands and has been processed into a completely different product (As a former food marketer, I still have nightmares over poultry and cocoa prices...)

        --Dommy!

        1. re: ns1
          mstinawu RE: ns1 Aug 7, 2012 04:13 PM

          Supply and demand.. If only it were so easy, then I wouldn't be paying $4/gallon for gas even with such low demand. =P

      2. TonyC RE: ns1 Aug 7, 2012 02:47 PM

        word on the street is that article has zilch bearing on West Coast prices.

        anyone else?

        1 Reply
        1. re: TonyC
          Servorg RE: TonyC Aug 7, 2012 03:41 PM

          That part of the story was "somehow" overlooked:

          "But consumers elsewhere in the U.S. aren't likely to see bargains. The Maine lobsters that currently are in season can't be shipped long distances due to their soft shells, and retailers have other fixed costs that limit big price drops.

          "There could be a small effect, but I wouldn't expect much," Mr. Bayer said."

        2. b
          breakfastfan RE: ns1 Aug 7, 2012 04:39 PM

          They are soft shelled bugs, so that means they don't travel well (live) and there is much less meat inside. I bought (3.99/lb) at my local supermarket last week and after cooking 3 I got enough meat for 3 lobster sandwiches ( on burger buns - sorry fellow NE folks). Delish, but they won't make it to the west coast. Edit- Sorry Servorg, didn't read your note before I answered....

          7 Replies
          1. re: breakfastfan
            Mattapoisett in LA RE: breakfastfan Aug 7, 2012 05:15 PM

            FYI: The Buns are in LA now since King Hawaiian now makes them. We have tried them and while a little on the sweet side, once you toast them with butter all is good with the world.

            1. re: Mattapoisett in LA
              n
              ns1 RE: Mattapoisett in LA Aug 7, 2012 05:18 PM

              what buns are we talking about?

              1. re: ns1
                Mattapoisett in LA RE: ns1 Aug 7, 2012 05:26 PM

                The Split top Hot Dog Buns which are prevalent in New England but were impossible to find here with out the internets

                1. re: Mattapoisett in LA
                  n
                  ns1 RE: Mattapoisett in LA Aug 7, 2012 05:27 PM

                  http://www.kingshawaiian.com/products...

                  these bad boys?

                  1. re: ns1
                    Dommy RE: ns1 Aug 7, 2012 06:54 PM

                    YUP! SO GOOD!

                    We haven't been out to get much lobster lately... so I subbed with Mike's Deli Chicken Salad:

                    https://twitter.com/Dommy_in_LA/statu...

                    --Dommy!

                    1. re: Dommy
                      n
                      ns1 RE: Dommy Aug 7, 2012 07:19 PM

                      nice dommy, nice!

                    2. re: ns1
                      Mattapoisett in LA RE: ns1 Aug 7, 2012 07:14 PM

                      JL's picture form the Lobsta truck post shows the way it is meant to be toasted and served.

                      http://www.chow.com/photos/778637

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