Cool Spring Keeping Lobster Prices High

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The Newburyport News reports that the cool spring in the Northeast is keeping lobster prices high for fishermen and retailers. Lobsters catches typically rise in conjunction with water temperatures, as the lobsters move inshore and become more active as the water warms.

According to the News, most retailers are currently selling culls or chicks (typically one pound), for about $6.99 a pound. A month ago, prices were $10.99 and higher. By late summer, they could be as low as $4.99.

Read more about how lobster prices vary with seasonal changes in water temperature.