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Posted on 2/10/16 at 8:24 am to More beer please
quote:
Then who does?
he will say the customers do but its the wholesalers that set the price...and some of them are farmers
Posted on 2/10/16 at 8:25 am to More beer please
quote:
Then who does?
wholesalers that buy from the farmers set the price
Posted on 2/10/16 at 8:27 am to Crawdaddy
Strong demand will keep prices high.
There is a finite number of restaurants and drive through places to get access to crawfish. The consumer will never know if their walk-in coolers are loaded to the ceiling with sacks or if they are down to only five sacks.
We waited 2 hours for crawfish yesterday, and we got there a half hour before the place opened. Price was no object.
There is a finite number of restaurants and drive through places to get access to crawfish. The consumer will never know if their walk-in coolers are loaded to the ceiling with sacks or if they are down to only five sacks.
We waited 2 hours for crawfish yesterday, and we got there a half hour before the place opened. Price was no object.
Posted on 2/10/16 at 8:29 am to yellowfin
quote:These have to be some of the least business savy people on the planet then
wholesalers
They are so short sighted. They think their false inflated prices are a gold mine because they still sell a good amount of crawfish with the prices high. However, they are missing out on a huuuuuge population of people with these giraffe puss prices over the last few years. If they lowered the price I think they could double or triple their profits. IMHOPosted on 2/10/16 at 8:30 am to Crawdaddy
Well that explains why I haven't seen a influx of fishing boats on the market with dual power poles and yeti coolers.
Posted on 2/10/16 at 8:30 am to yellowfin
quote:
wholesalers
I'm just gonna meet T-Bob at the landing and buy them off the boat.
Posted on 2/10/16 at 8:30 am to G Vice
quote:
The consumer will never know if their walk-in coolers are loaded to the ceiling with sacks or if they are down to only five sacks.
Yeah, but the seller will have to price it correctly so that those sacks don't sit there for too many days and they die. I think an early Mardi Gras season may have the demand high right now. I called around and only one place in the area had some available (granted it was late on a Saturday).
Roommate in college sold crawfish for a farmer he knew back home. Was awesome to always get a good deal on a sack for the weekend when they didn't sell fast enough.
Posted on 2/10/16 at 8:32 am to lsupride87
quote:
These have to be some of the least business savy people on the planet then They are so short sighted. They think their false inflated prices are a gold mine because they still sell a good amount of crawfish with the prices high. However, they are missing out on a huuuuuge population of people with these giraffe puss prices over the last few years. If they lowered the price I think they could double or triple their profits. IMHO
while i do think its somewhat of a racket, i think this is incorrect. the wholesalers are selling everything they buy, lowering their prices would not raise their profits because no restaurants they are dealing with are turning them down on their prices. when the restaurants start doing that, then their prices will go down.
Posted on 2/10/16 at 8:37 am to Klark Kent
I'm in Texas trying to change that sprinkle crap.
Posted on 2/10/16 at 8:38 am to lsupride87
Actually they are very good at what they do
Crawfish are highly perishable and basically worthless 3 days after being caught. The price is set based on the expected supply and demand for the week. If the price is too high they'll get stuck with dead worthless crawfish on the dock that they've paid for. Set the price too low and they come up short and lose out on money.
It's a constant fight because the farmer is bitching that the price is too low while the restaurants and saying too high.
If they lowered the prices it would actually reduce supply because some farmers would decide it's not worth their time so that kinda blows up your theory of "drop price and sell 3x as many"
Crawfish are highly perishable and basically worthless 3 days after being caught. The price is set based on the expected supply and demand for the week. If the price is too high they'll get stuck with dead worthless crawfish on the dock that they've paid for. Set the price too low and they come up short and lose out on money.
It's a constant fight because the farmer is bitching that the price is too low while the restaurants and saying too high.
If they lowered the prices it would actually reduce supply because some farmers would decide it's not worth their time so that kinda blows up your theory of "drop price and sell 3x as many"
Posted on 2/10/16 at 8:39 am to Crawdaddy
quote:
Collette explains that more people will be fishing for crawfish to make a living due to fewer jobs in the oil industry.
Sherbin doesn't know how dumb he really is. He just made up something and some drunk at the bar agreed with him to shut his arse up so he decided it was correct.
With that line of thinking, pretty much everything should be more expensive.
Posted on 2/10/16 at 8:41 am to lsupride87
quote:
However, they are missing out on a huuuuuge population of people with these giraffe puss prices over the last few years. If they lowered the price I think they could double or triple their profits. IMHO
You really think they are stuck with a bunch of crawfish that they don't sell.
If anythimg, they're very business savvy. Not many industries can just keep the prices higher and higher like these people have been doing
Posted on 2/10/16 at 8:42 am to yellowfin
So what do we see realistically for prices say mid May? $1.50 or less?
Posted on 2/10/16 at 8:45 am to lsupride87
quote:
If they lowered the price I think they could double or triple their profits
I doubt it...pretty sure the supply is being bought. Prices won't go down until after easter.
Posted on 2/10/16 at 8:46 am to Topwater Trout
I'm not eating any until Easter.
frick a crawfish.
frick a crawfish.
Posted on 2/10/16 at 8:47 am to Peazey
quote:
From the most simple, basic principles of economics, this makes absolutely zero fricking sense. More competition means lower prices. More supply means lower prices. When you have more people competing with you, you don't increase the price to make your product more attractive than your competition. The only way that is even possible is if they are colluding on the prices.
Presumably, yes. However that's only looking at it from the supply side. If demand remains extremely high, there's no need to go down on the price very much.
When I was a kid (20+ years ago) you didn't even think about crawfish until March. Now there is demand as early as December. As long as people are willing to pay, prices will remain high
Posted on 2/10/16 at 8:48 am to Topwater Trout
quote:
Prices won't go down until after easter.
I guess it's a good thing Easter is just over a month away.
Posted on 2/10/16 at 8:48 am to Scooba
Every market is going to be different, New Orleans is a shite show you you may see less than $1 after Easter. Especially if the basin does well
Posted on 2/10/16 at 8:51 am to yellowfin
People love to bitch but I don't see where they have to buy them if they don't think they meet their price point. 
$.89 lb in Nola would be the gas
$.89 lb in Nola would be the gas
This post was edited on 2/10/16 at 8:52 am
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