The question being posed in the North American scallop market is: Who will blink first?

Even with steadily high prices — dry U10s around USD 16.70 (EUR 13.57) per pound and 10/20s just over USD 14 (EUR 11.38) — high-end customers continue to demand them.

“Prices are crazy right now,” said one Midwest U.S. distributor that caters to upscale retailers and restaurants and deals in Atlantic domestic scallops. “Anything 10/20 and up, you need to take out a mortgage” to pay for it. “We…