Lobster prices are high in the U.S. right now, but members of the industry expect them to come down soon as the Canadian catch creeps up and America's summer haul gets going. The U.S. lobster industry, based heavily in Maine, is in a slow mode as fishermen get ready to pull traps in the summer. Maine's lobster catch fell to about 111 million pounds last year after setting a record of 132.5 million pounds the previous year. It was the lowest total since 2011, though still much more than the typical catch in the 1990s and early 2000s. Fresh, live lobster is historically a summer food in New England, but the growing globalization of the lobster business is starting to change that.

Source: Fox News May 06, 2018 14:03 UTC