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


Advances in available information


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

relationship between ex-vessel value and wholesale value


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


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



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


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


Here’s the Model we’ll be discussing


Here’s the Model we’ll be discussing

×

Moving from Book Learning to Reality


….Sort of


….Sort of

We now Present to You…


….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



PoundsAverage Wt.

(lbs)


($/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


Bonus Roe Bonus

Initial Ex-Vessel


Payment





PoundsAverage Wt.

(lbs)


($/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


Bonus Roe Bonus

Initial Ex-Vessel


Payment





PoundsAverage Wt.

(lbs)


($/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


Bonus Roe Bonus

Initial Ex-Vessel


Payment





PoundsAverage Wt.

(lbs)


($/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


Bonus Roe Bonus

Initial Ex-Vessel


Payment




Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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



Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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



Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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



Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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




PoundsAverage Wt.

(lbs)


($/lb)Initial Ex-

Vessel ValueNo.



Bonus Roe Bonus

Initial Ex-Vessel


Payment





PoundsAverage Wt.

(lbs)


($/lb)Initial Ex-

Vessel ValueNo.



Bonus Roe Bonus

Initial Ex-Vessel


Payment


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



PoundsAverage Wt.

(lbs)


($/lb)Initial Ex-

Vessel ValueNo.



Bonus Roe Bonus

Initial Ex-Vessel


Payment


($/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



PoundsAverage Wt.

(lbs)


($/lb)Initial Ex-

Vessel ValueNo.



Bonus Roe Bonus

Initial Ex-Vessel


Payment


($/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


Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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


Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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


Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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


Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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


Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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


Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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


Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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


Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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


Production

No. 1 lbs (Count ×

avg. lb/fish)

No. 2 lbs (Count ×


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


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


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

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

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