dough boys processing: proofing the yield march 6, 2015 marcus l. hartley presentation to southwest...

Dough Boys Processing: Proofing the Yield

March 6, 2015

Marcus L. Hartley

Presentation to

Southwest Alaska Municipal Conference

Presentation Outline

Presentation Outline

Advances in available information

Presentation Outline

Advances in available information A very detailed and scientific examination of the

relationship between ex-vessel value and wholesale value

Presentation Outline

Advances in available information A very detailed and scientific examination of the

relationship between ex-vessel value and wholesale value Then we’ll have a pop quiz

ADF&G recently began publishing “Alaska Salmon Wholesale Prices” Developed from Commercial Operator Annual Reports (COAR) data Available on the internet at…http://www.adfg.alaska.gov/index.cfm?adfg=commercialbyfisherysalmon.salmoncatch_wholesale

Advances in Available Information

ADF&G recently began publishing “Alaska Salmon Wholesale Prices” Developed from Commercial Operator Annual Reports (COAR) data Available on the internet at…http://www.adfg.alaska.gov/index.cfm?adfg=commercialbyfisherysalmon.salmoncatch_wholesale

Ex-Vessel prices are also available athttp://www.adfg.alaska.gov/index.cfm?adfg=commercialbyfisherysalmon.salmoncatch_exvessel

Advances in Available Information

ADF&G recently began publishing “Alaska Salmon Wholesale Prices” Developed from Commercial Operator Annual Reports (COAR) data Available on the internet at…http://www.adfg.alaska.gov/index.cfm?adfg=commercialbyfisherysalmon.salmoncatch_wholesale

Ex-Vessel prices are also available athttp://www.adfg.alaska.gov/index.cfm?adfg=commercialbyfisherysalmon.salmoncatch_exvessel

ASMI Seafood Market Bulletin: April 2013 EditionAlaska Salmon Value Chain by McDowell Grouphttp://www.alaskaseafood.org/industry/market/seafoodweb_apr13/april13/Salmonvalue.html

Advances in Available Information

Some Older Publications are Still in Use

Chuck Crapo’s Recoveries and Yields from Pacific Fish and Shellfish. Updated Version Published by

Alaska Sea Grant in 2004. The standard since the 1990s

A Very Detailed and Scientific Examination

A Very Detailed and Scientific Examination

Here’s the Model we’ll be discussing

A Very Detailed and Scientific Examination

Here’s the Model we’ll be discussing

×

Moving from Book Learning to Reality

Moving from Book Learning to Reality

….Sort of

Moving from Book Learning to Reality

….Sort of

We now Present to You…

Moving from Book Learning to Reality

….Sort of

We now Present to You…

A Day in the Life of Dough Boys Processing

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye        Sujiko (Females Only) $8.82Frozen Fillets $7.50Fresh Fillets (Portions) $3.31H&G (Frozen) $3.00Sockeye Total Product Value ChumSujiko (Females only) $9.48H&G (frozen) $1.18Chum Total Product ValueTotal Wholesale Value

Wholesale price are from ADF&G at http://www.adfg.alaska.gov

Delivered Pounds and Ex-Vessels Value

Raw Fish PurchasesDelivered

PoundsAverage Wt.

(lbs)

Initial Ex-Vessel Price

($/lb)Initial Ex-

Vessel ValueNo.

of FishSockeye $1.55Chum $0.29Initial Ex-Vessel    Grading No. 1 No. 2 TotalSockeyeChum  

Roe Bonus PaymentsRoe

Bonus Roe Bonus

Initial Ex-Vessel

PaymentsTotal Ex-Vessel

Payment

Final Ex-Vessel Price

($/lb)Sockeye 4%Chum 4%Total Ex-Vessel Payments

Delivered Pounds and Ex-Vessels Value

Raw Fish PurchasesDelivered

PoundsAverage Wt.

(lbs)

Initial Ex-Vessel Price

($/lb)Initial Ex-

Vessel ValueNo.

of FishSockeye 11.53 0.96 $1.55 $17.82 12Chum $0.29Initial Ex-Vessel    Grading No. 1 No. 2 TotalSockeyeChum  

Roe Bonus PaymentsRoe

Bonus Roe Bonus

Initial Ex-Vessel

PaymentsTotal Ex-Vessel

Payment

Final Ex-Vessel Price

($/lb)Sockeye 4%Chum 4%Total Ex-Vessel Payments

Delivered Pounds and Ex-Vessels Value

Raw Fish PurchasesDelivered

PoundsAverage Wt.

(lbs)

Initial Ex-Vessel Price

($/lb)Initial Ex-

Vessel ValueNo.

of FishSockeye 11.53 0.96 $1.55 $17.82 12Chum 1.16 1.16 $0.29 $0.33 1Initial Ex-Vessel  Grading No. 1 No. 2 TotalSockeyeChum  

Roe Bonus PaymentsRoe

Bonus Roe Bonus

Initial Ex-Vessel

PaymentsTotal Ex-Vessel

Payment

Final Ex-Vessel Price

($/lb)Sockeye 4%Chum 4%Total Ex-Vessel Payments

Delivered Pounds and Ex-Vessels Value

Raw Fish PurchasesDelivered

PoundsAverage Wt.

(lbs)

Initial Ex-Vessel Price

($/lb)Initial Ex-

Vessel ValueNo.

of FishSockeye 11.53 0.96 $1.55 $17.82 12Chum 1.16 1.16 $0.29 $0.33 1Initial Ex-Vessel 12.69    $18.15  Grading No. 1 No. 2 TotalSockeyeChum  

Roe Bonus PaymentsRoe

Bonus Roe Bonus

Initial Ex-Vessel

PaymentsTotal Ex-Vessel

Payment

Final Ex-Vessel Price

($/lb)Sockeye 4%Chum 4%Total Ex-Vessel Payments

Delivered Pounds and Ex-Vessels Value

Raw Fish PurchasesDelivered

PoundsAverage Wt.

(lbs)

Initial Ex-Vessel Price

($/lb)Initial Ex-

Vessel ValueNo.

of FishSockeye 11.53 0.96 $1.55 $17.82 12Chum 1.16 1.16 $0.29 $0.33 1Initial Ex-Vessel 12.69    $18.15  Grading No. 1 No. 2 TotalSockeye 8 4 12Chum 1 0 1 

Roe Bonus PaymentsRoe

Bonus Roe Bonus

Initial Ex-Vessel

PaymentsTotal Ex-Vessel

Payment

Final Ex-Vessel Price

($/lb)Sockeye 4%Chum 4%Total Ex-Vessel Payments

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) $8.82Frozen Fillets $7.50Fresh Fillets (Portions) 0.96 $3.31H&G (Frozen) - 2.88 $3.00Sockeye Total Product Value Chum 1.16 -Sujiko (Females only) - $9.48H&G (frozen) 1.16 - $1.18Chum Total Product ValueTotal Wholesale Value

Wholesale price are from ADF&G at http://www.adfg.alaska.gov

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 $8.82Frozen Fillets $7.50Fresh Fillets (Portions) 0.96 $3.31H&G (Frozen) - 2.88 $3.00Sockeye Total Product Value Chum 1.16 -Sujiko (Females only) 1.16 - $9.48H&G (frozen) 1.16 - $1.18Chum Total Product ValueTotal Wholesale Value

Wholesale price are from ADF&G at http://www.adfg.alaska.gov

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 $8.82Frozen Fillets $7.50Fresh Fillets (Portions) 0.96 $3.31H&G (Frozen) - 2.88 $3.00Sockeye Total Product Value Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - $1.18Chum Total Product ValueTotal Wholesale Value

Wholesale price are from ADF&G at http://www.adfg.alaska.gov

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 0.16 2.75% $8.82 $1.40Frozen Fillets $7.50Fresh Fillets (Portions) 0.96 $3.31H&G (Frozen) - 2.88 $3.00Sockeye Total Product Value Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - $1.18Chum Total Product ValueTotal Wholesale Value

Wholesale price are from ADF&G at http://www.adfg.alaska.gov

Delivered Pounds and Ex-Vessels Value

Raw Fish PurchasesDelivered

PoundsAverage Wt.

(lbs)

Initial Ex-Vessel Price

($/lb)Initial Ex-

Vessel ValueNo.

of FishSockeye 11.53 0.96 $1.55 $17.82 12Chum 1.16 1.16 $0.29 $0.33 1Initial Ex-Vessel 12.69    $18.15  Grading No. 1 No. 2 TotalSockeye 8 4 12Chum 1 0 1 

Roe Bonus PaymentsRoe

Bonus Roe Bonus

Initial Ex-Vessel

PaymentsTotal Ex-Vessel

Payment

Final Ex-Vessel Price

($/lb)Sockeye 4%Chum 4%Total Ex-Vessel Payments

Delivered Pounds and Ex-Vessels Value

Raw Fish PurchasesDelivered

PoundsAverage Wt.

(lbs)

Initial Ex-Vessel Price

($/lb)Initial Ex-

Vessel ValueNo.

of FishSockeye 11.53 0.96 $1.55 $17.82 12Chum 1.16 1.16 $0.29 $0.33 1Initial Ex-Vessel 12.69    $18.15  Grading No. 1 No. 2 TotalSockeye 8 4 12Chum 1 0 1 

Roe Bonus PaymentsRoe

Bonus Roe Bonus

Initial Ex-Vessel

PaymentsTotal Ex-Vessel

Payment

Final Ex-Vessel Price

($/lb)Sockeye 4% $0.71 Chum 4% $0.01 Total Ex-Vessel Payments $0.73

Delivered Pounds and Ex-Vessels Value

Raw Fish PurchasesDelivered

PoundsAverage Wt.

(lbs)

Initial Ex-Vessel Price

($/lb)Initial Ex-

Vessel ValueNo.

of FishSockeye 11.53 0.96 $1.55 $17.82 12Chum 1.16 1.16 $0.29 $0.33 1Initial Ex-Vessel 12.69    $18.15  Grading No. 1 No. 2 TotalSockeye 8 4 12Chum 1 0 1 

Roe Bonus PaymentsRoe

Bonus Roe Bonus

Initial Ex-Vessel

PaymentsTotal Ex-Vessel

Payment

Final Ex-Vessel Price

($/lb)Sockeye 4% $0.71  $17.82 $18.53 Chum 4% $0.01  $0.33 $0.35 Total Ex-Vessel Payments $0.73 $18.15 $18.88

Delivered Pounds and Ex-Vessels Value

Raw Fish PurchasesDelivered

PoundsAverage Wt.

(lbs)

Initial Ex-Vessel Price

($/lb)Initial Ex-

Vessel ValueNo.

of FishSockeye 11.53 0.96 $1.55 $17.82 12Chum 1.16 1.16 $0.29 $0.33 1Initial Ex-Vessel 12.69    $18.15  Grading No. 1 No. 2 TotalSockeye 8 4 12Chum 1 0 1 

Roe Bonus PaymentsRoe

Bonus Roe Bonus

Initial Ex-Vessel

PaymentsTotal Ex-Vessel

Payment

Final Ex-Vessel Price

($/lb)Sockeye 4% $0.71  $17.82 $18.53  $1.61 Chum 4% $0.01  $0.33 $0.35  $0.30 Total Ex-Vessel Payments $0.73 $18.15 $18.88

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 0.16 2.75% $8.82 $1.40Frozen Fillets $7.50Fresh Fillets (Portions) 0.96 $3.31H&G (Frozen) - 2.88 $3.00Sockeye Total Product Value Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - $1.18Chum Total Product ValueTotal Wholesale Value

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 0.16 2.75% $8.82 $1.40Frozen Fillets $7.50Fresh Fillets (Portions) 0.96 $3.31H&G (Frozen) - 2.88 $3.00Sockeye Total Product Value Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - 0.89 77.0% $1.18 $1.05Chum Total Product Value $1.48Total Wholesale Value

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 0.16 2.75% $8.82 $1.40Frozen Fillets $7.50Fresh Fillets (Portions) 0.96 $3.31H&G (Frozen) - 2.88 2.22 77.0% $3.00 $6.66Sockeye Total Product Value Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - 0.89 77.0% $1.18 $1.05Chum Total Product Value $1.48Total Wholesale Value

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 0.16 2.75% $8.82 $1.40Frozen Fillets $7.50Fresh Fillets (Portions) 0.96 0.96 0.54 28.0% $3.31 $1.78H&G (Frozen) - 2.88 2.22 77.0% $3.00 $6.66Sockeye Total Product Value Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - 0.89 77.0% $1.18 $1.05Chum Total Product Value $1.48Total Wholesale Value

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 0.16 2.75% $8.82 $1.40Frozen Fillets 6.73 - 3.50 52.0% $7.50 $26.23Fresh Fillets (Portions) 0.96 0.96 0.54 28.0% $3.31 $1.78H&G (Frozen) - 2.88 2.22 77.0% $3.00 $6.66Sockeye Total Product Value $36.07Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - 0.89 77.0% $1.18 $1.05Chum Total Product Value $1.48Total Wholesale Value

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 0.16 2.75% $8.82 $1.40Frozen Fillets 6.73 - 3.50 52.0% $7.50 $26.23Fresh Fillets (Portions) 0.96 0.96 0.54 28.0% $3.31 $1.78H&G (Frozen) - 2.88 2.22 77.0% $3.00 $6.66Sockeye Total Product Value $36.07Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - 0.89 77.0% $1.18 $1.05Chum Total Product Value $1.48Total Wholesale Value $37.55

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 0.16 2.75% $8.82 $1.40Frozen Fillets 6.73 - 3.50 52.0% $7.50 $26.23Fresh Fillets (Portions) 0.96 0.96 0.54 28.0% $3.31 $1.78H&G (Frozen) - 2.88 2.22 77.0% $3.00 $6.66Sockeye Total Product Value $36.07Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - 0.89 77.0% $1.18 $1.05Chum Total Product Value $1.48Total Wholesale Value $37.55Ex-Vessel Payments to Fishers $18.88

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 0.16 2.75% $8.82 $1.40Frozen Fillets 6.73 - 3.50 52.0% $7.50 $26.23Fresh Fillets (Portions) 0.96 0.96 0.54 28.0% $3.31 $1.78H&G (Frozen) - 2.88 2.22 77.0% $3.00 $6.66Sockeye Total Product Value $36.07Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - 0.89 77.0% $1.18 $1.05Chum Total Product Value $1.48Total Wholesale Value $37.55Ex-Vessel Payments to Fishers $18.88Value Added by Processors $18.67

Processed Product and Value Added

Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×

avg. lb/fish)Product Pounds

Product Recovery

RateWholesale

Value ($/lb)

Wholesale Value to

ProcessorSockeye 7.69 3.84       Sujiko (Females Only) 4.80 0.96 0.16 2.75% $8.82 $1.40Frozen Fillets 6.73 - 3.50 52.0% $7.50 $26.23Fresh Fillets (Portions) 0.96 0.96 0.54 28.0% $3.31 $1.78H&G (Frozen) - 2.88 2.22 77.0% $3.00 $6.66Sockeye Total Product Value $36.07Chum 1.16 -Sujiko (Females only) 1.16 - 0.05 3.90% $9.48 $0.43H&G (frozen) 1.16 - 0.89 77.0% $1.18 $1.05Chum Total Product Value $1.48Total Wholesale Value $37.55Ex-Vessel Payments to Fishers $18.88Value Added by Processors $18.67Percent of Wholesale Value to Processors 49.7%Percent of Wholesale Value to Fishers 50.3%

Time for the Pop Quiz

Time for the Pop Quiz

Instead of me asking the questions… Do you have questions for me?

Time for the Pop Quiz

Instead of me asking the questions… Do you have questions for me?

ADF&G Wholesale prices at…http://www.adfg.alaska.gov/index.cfm?adfg=commercialbyfisherysalmon.salmoncatch_wholesale

Ex-Vessel prices at…http://www.adfg.alaska.gov/index.cfm?adfg=commercialbyfisherysalmon.salmoncatch_exvessel

Marcus HartleyNorthern Economics907.274.5600