The interesting thing is that 100% of the jacks that I have caught have been clipped hatchery fish, whereas in adults its been roughly 60% hatchery to 40% wild. I don't know whether this is indicative of actual differences between habits of hatchery and wild fish, or if it is just a coincidence due to a statistically insignificant sample size.
Hatchery raised fish are more prone to jacking.
Jacks are actually the fastest growing fish of that age class/year (which is why it is a bad idea to not spawn jacks when doing hatchery work).
Therefore, in a hatchery setting where growth is maximized/sped up, more fish grow quicker = more jacking.
The majority of Fraser Valley coho return as 3 year olds. If there was a lack of feed at the end of their time spent out in the ocean then we could see smaller sizes and dimished returns for future runs.
Coho grow an average of a pound a week in their last few months before spawning. They are a super fast growing fish (but it is based on food), and all coho returning in a given year are the same age (with exception to jacks). If I remember correctly, all coho are 28 months old (or somewhere around that) from egg to adult spawning stage (Over winter in FW after hatching and spend a year and a half in SW).
Adult fish and juvenile fish don't eat the same thing, so I highly doubt we would see a diminished run due to this.
The part about smaller sizes is possible, but as Rodney stated, there is always variation in ocean conditions.
If most of the coho put on all of their weight in their last few months and as they are returning to the rivers, this doesn't even necessarily mean there is a food shortage up where they develop over the main course of their life.