Saturday, August 27, 2005

Prices headed higher...............

The lobster catch in Maine is down about 75%, to approximately half a lobster per trap, from the normal two of the last several years. The price of lobsters having increased 50%, total revenues from lobsters are down by about 60%. The catch of herring, the basic feed, is also down, increasing the cost of feed. Thus, things are very bad for Maine lobster fisherman right now.

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