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July 2, 2015

United States

California—Shrimp News, Win $100 in Future Price Contest

 

Most of you are familiar with the Dow Jones Industrial Average, an index that shows how 30, large, publicly-owned companies based in the United States have faired during a daily trading session on the New York Stock Exchange.  The value of the “Dow” is not the actual average of the prices of its component stocks, but rather a “weighted average” that takes into consideration the number of outstanding shares of each of its component companies.

 

Likewise, the Urner Barry White Shrimp Index, updated For Free on Tuesdays and Thursdays, is an “average” of wholesale, headless, shell-on (HLSO), frozen shrimp prices, calculated using market quotations that are weighted based on import volumes.  It provides a measure of general conditions in the shrimp market.  It is not a reflection of any single item, however, Urner Barry does track individual shrimp prices and provides information on them in its fee-based publications.

 

Urner Barry is a business publisher specializing in the timely, accurate and unbiased reporting of market news and quotations to clients in the poultry, egg, meat, seafood and related segments of the food industry through a variety of print and non-print media.

 

 

The Rules for the Third-Quarter 2015 Contest

 

1. Guess what the price of shrimp will be on Urner Barry’s White Shrimp Index on Tuesday, September 29, 2015.

 

2. Even though the Urner Barry index price is expressed with four decimal points ($5.4623), please express your guess with just two decimals ($5.46).  Avoid guesses that end in “0” or “5” (to avoid the possibility of ties).

 

3. I'll also need your first and last name, email address and country.

 

4. Deadline: Submit your entry by Saturday, July 18, 2015.

 

5. Email your guess to bob@shrimpnews.com.

 

6. Very important!  In the subject line of you entry, enter “Future Price Contest”.

 

check the current price of shrimp on the Urner Barry White Shrimp Index.

 

check the most recent wholesale, headless, shell-on, frozen shrimp prices per pound (0.453 kilogram) in the New York, USA.

 

The person closest—above or below—the Urner Barry Index price on Tuesday, September 29, 2015, will win $100.  I’ll announce the winner on Wednesday, October1, 2015.

 

Knowing what shrimp farmers around the world think about future shrimp prices could become a valuable tool for farmers, processors, importers and distributors.  That’s why I started the Future Price Contest!  Eventually, I think the average of your guesses will be very close to the actual price at the end of each contest, especially if more of you enter the contest.

 

Source: Bob Rosenberry, Shrimp News International, July 2, 2015.

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