AJ Secrist from Firstlight Management on Lamb Weston $LW
Yet Another Value Podcast
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The Columbia Basin's Competitive Advantage in Potato Production
The Columbia basin was just sucked in with heat and smoke in the summer of 21. The spot market is also about 20 to 40% more expensive than the pricing they contract at. And so quality meaning you need more potatoes to create one pound of french fries, right? So the potatoes themselves were smaller, they were more defects. They ended up having to buy something like probably 15ish percent of their potato volumes in the spot market.
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