Lobster Prices Skyrocket to All-Time High

The lobster prices have skyrocketed to an all-time high according to a recent study by the National Oceanic and Atmospheric Administration (NOAA).

Lobstermen are currently getting paid $7 per pound on the wholesale market, while the cost of production is only $2.50 per pound. This is resulting in a loss of around $4 million per day for the industry.

The current lobster prices are 25% higher than they were last year, and almost double the price from five years ago. The high prices are being driven by increasing demand from Asia, where lobster is seen as a delicacy.

The lobster industry is calling for the government to step in and help them out, but it's not clear what type of assistance they could receive. The government could provide financial assistance, or it could restrict exports to keep prices lower.

Whatever steps are taken, it's clear that something needs to be done to help this struggling industry. The high lobster prices are causing pain for fishermen and restaurants alike, and something needs to be done to fix this mess.

Lobster Fans Threaten Boycott Over Price Hike

Lobster fans across the country are in an uproar after learning that the cost of a one-pound lobster has increased by 25 percent. Some are even threatening to boycott the seafood altogether.

The price hike is due, in part, to a shortage of lobsters caused by climate change. Warmer water temperatures have resulted in lower catches for lobstermen up and down the East Coast.

This isn't the first time that lobster prices have gone up; they've been on the rise for the last few years. But this latest increase has sparked outrage among lobster lovers, who feel that they are being priced out of their favorite dish.

There's no doubt that lobster is a luxurious food item, and it's understandable that some people may not be able to afford it at current prices. But let's not forget that lobster is also a nutrient-rich food, high in protein and Omega-3 fatty acids. It's worth paying a bit more for something that's both delicious and healthy.

So let's not give up on lobster just yet. Instead, let's embrace these higher prices as an opportunity to explore other seafood options, such as crab and shrimp. And who knows? Maybe we'll even find ourselves enjoying those dishes even more than our beloved lobster!

Maine Lobstermen Brace for $8/Pound Lobster

Just a year ago, a pound of lobster cost fishermen in Maine an average of $3.73. In the past few months, that price has shot up to $8. Now, as the summer season ramps up and more lobster is pulled from the Gulf of Maine, some fishermen are concerned that they could be looking at prices as high as $10 a pound before the end of the year.

The increase in price is due to several factors: first, there's been a decline in the number of lobsters spawning in recent years, meaning there's less stock for fishermen to catch. Additionally, demand for lobster has been steadily increasing both in the United States and abroad – especially in China, where lobster has become a coveted luxury item.

For lobstermen like 46-year-old Casey Todd of Tenants Harbor, Maine, the higher price means they have to be more selective about what they catch. "You can no longer just go out and indiscriminately haul traps because at these prices you can lose money on every one," said Todd. "Now we're actually having to target the bigger lobsters and throw back the smaller ones."

Todd and other fishermen are hoping that market forces will eventually bring the price back down to a more sustainable level. For now, however, they're preparing for a long summer season with prices likely only going higher.

Lobster Heist at Boston Market Leaves Restaurant Manager in Tears

The claws were out at a Boston Market location this week when a lobster heist left the restaurant manager in tears.

According to reports, a group of thieves made off with a cooler full of live lobsters from the restaurant's storage area late Sunday night or early Monday morning. The stolen seafood is estimated to be worth $1,000.

Boston Market officials say they are working with local police to investigate the theft and are offering a $1,000 reward for information leading to an arrest.

In the meantime, the restaurant manager affected by the crime says she is devastated. "I was so upset," she told reporters. "It's like someone stole my child."

She added that she has been with the company for 19 years and has never experienced anything like this before.

For seafood lovers in the area, the lobster heist has created quite a stir. While some say they will no longer visit Boston Market, others are hoping that the restaurant will get more creative with its menus in light of the theft.

Costco Selling Lobster Tails for $14.99

A lobster tail can be a great way to add a luxurious touch to a meal without spending too much money. And, starting this week, Costco members can score a lobster tail for just $14.99.

The tails will be available in select warehouses through the end of May or while supplies last, so if you're looking to add a little seafood flair to your next dinner party or just want an easy and affordable meal option, be sure to snag one (or several) of these bad boys while they're still available.

Just what constitutes a lobster tail? Lobster tails are taken from the lobster's body behind the head and includes the meat from the claws and legs. They're typically about 4-6 ounces each and make for a pretty substantial seafood dish when served on their own.

If you're not familiar with how to cook lobster tails, never fear – we've got you covered. You can either bake them in the oven or grill them outdoors. Here's a basic recipe for grilled lobster tails that takes just minutes to prepare:

Ingredients: • 4 lobster tails (6-8 oz each) • 2 tablespoons butter, melted • 2 tablespoons lemon juice • 1 teaspoon dried basil leaves • ½ teaspoon salt • ¼ teaspoon black pepper Directions: 1. Preheat grill to medium-high heat. 2. Brush grill with vegetable oil cooking spray. 3. Cut each lobster tail lengthwise down center, but not completely through (stop before cutting through shell). Open shells slightly so meat lies flat. 4. In small bowl, mix together butter, lemon juice, basil, salt and pepper; brush over meat of lobsters inside shells. Grill for 6-8 minutes or until shells are bright red and meat is opaque white in center . . . enjoy!