Cattle Backlog Impacting Market

The backlog of cattle in Western Canada is gradually depleting.

 

Brian Perillat is Manager and Senor Analyst with Canfax.

 

"As good as the processing rates have been, I guess we're still seeing a bit of a backlog impact the market," he said. "The fed cattle market has been completely flat...Typically this time of year we start to see a little bit of price improvement but two or three weeks ago we had record large carcass weights. There's a lot of big steers and heifers out there that have to get processed and that's kind of weighing on the market."

 

Perillat notes calf markets have been struggling as of late.

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.