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re: WWL: Who sets the prices for crawfish in Louisiana? It’s a true mystery
Posted on 3/14/24 at 12:51 pm to btnetigers
Posted on 3/14/24 at 12:51 pm to btnetigers
Crawfish are overrated af. The boil is more a traditional social gathering than anything imo
0
Posted on 3/14/24 at 12:55 pm to ragincajun03
Just go catch you some out of a creek
Posted on 3/14/24 at 1:01 pm to kywildcatfanone
It’s no mystery. A handful of wholesalers fix the price every Monday. And I mean fix. It’s all done in unison. Not one ever varies. Their only goal is to stretch the spread between the farmer and end user.
This post was edited on 3/14/24 at 1:03 pm
Posted on 3/14/24 at 1:07 pm to ragincajun03
Now do shrimp and oysters.
Posted on 3/14/24 at 1:09 pm to CocomoLSU
quote:
The public/market. That's who sets it ultimately. Because if prices were truly "too high" then people wouldn't buy them and the price would have to come down.
Do people really not understand simple supply and demand principles?
Kind of. But you need a free market for that to be the case. I think the accusation is that there’s collusion among those that sell crawfish.
Price fixing isn’t legal…even if the market is willing to pay the prices.
Posted on 3/14/24 at 1:12 pm to agdoctor
Spot on. That’s exactly what happens
Posted on 3/14/24 at 1:12 pm to btnetigers
quote:
I bet if everyone didn't buy them for one full week and weekend, the prices would drop drastically.
I dont think Ill buy until they drop below the equivalent amount of shrimp.
They need to be like $2.50/lb live for that to happen.
Posted on 3/14/24 at 1:59 pm to agdoctor
Think of it like a commodity
Miners don’t set the price of gold
O&G companies don’t set the price of oil
Corn, rice, wheat, etc
Miners don’t set the price of gold
O&G companies don’t set the price of oil
Corn, rice, wheat, etc
Posted on 3/14/24 at 2:00 pm to CocomoLSU
quote:
Do people really not understand simple supply and demand principles?
if everyone did, then socialists wouldn't exist.
Posted on 3/14/24 at 2:09 pm to Ping Pong
“The invisable hand.”
Posted on 3/14/24 at 2:18 pm to Clyde Tipton
100% accurate! 4-5 of the largest wholesalers in the state dictate the price.
Posted on 3/14/24 at 2:19 pm to Triggerr
Troy is one of the 3 - 5 wholesalers who set the price.
Posted on 3/14/24 at 2:22 pm to agdoctor
True statement! Every Monday 'Let's drop it a quarter." Why? Because they can and they are the major buyers by a long shot.
Posted on 3/14/24 at 2:25 pm to jpcajun
quote:
Troy is one of the 3 - 5 wholesalers who set the price.
Nah haha.
Posted on 3/14/24 at 2:26 pm to kengel2
quote:Agree. Wonder if they will ever hit that this season.
dont think Ill buy until they drop below the equivalent amount of shrimp.
They need to be like $2.50/lb live for that to happen.
Posted on 3/14/24 at 2:50 pm to agdoctor
quote:
Their only goal is to stretch the spread between the farmer and end user.
Buy low, sell high.
Posted on 3/14/24 at 2:50 pm to NOSHAU
quote:
Agree. Wonder if they will ever hit that this season.
Yes it will as soon as the deep water fisherman start tearing them up when the season is almost over. They can talk shite but if they wouldn't wait until the summer to pump water into the basin, there'd be an abundance of crawfish. Maybe they can't idk but it's part of the crawfish drought.
Posted on 3/14/24 at 3:02 pm to agdoctor
All you need to do is identify who these price fixers are , and you have a hell of an anti-trust class action suit.
But calling you out to actually name the folks you claim are doing this is a bridge too far, i suppose...
But calling you out to actually name the folks you claim are doing this is a bridge too far, i suppose...
Posted on 3/14/24 at 3:05 pm to Chad504boy
quote:
Same woke baw that sets inflation
Posted on 3/14/24 at 3:06 pm to nitwit
crawfish app just sent an alert that prices dropped another $1 LB.
Avg $4 live and $6 boiled
Avg $4 live and $6 boiled
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