ANALYSIS: Revised May and June Import Data Put US Shrimp Inventory Above Pre-Pandemic Trend

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US May shrimp imports are tracking 9 to 10 million lbs. above the previous central estimate of approximately 150.5 million lbs. June is still being assembled, but early indications point in the same direction.

The model framework that informs these Expana estimates reads price movements in log terms as a forward signal for inventory accumulation. Prices began declining in April, ahead of the bulk of this volume being recorded, consistent with market participants pricing in expected supply before physical arrivals...

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ANALYSIS: Revised May and June Import Data Put US Shrimp Inventory Above Pre-Pandemic Trend

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