Faba Bean Feed Benchmark

May 25, 2016

Prices on wheat and barley remained largely unchanged over the past two weeks across the Prairies.

Corn, however, moved $10/T higher on strengthening futures markets and transportation issues on US corn. Corn DDGS increased by $20-30/T because of increased demand caused by the continuing escalation of feed protein prices.

Soybean meal increased by $70-90/T across the Prairies over the past two weeks with canola meal increasing by $50-60/T. Feed grade peas and lentils continue to be scarce but are now pricing into most diets.

Manitoba pricing on any product available ranges from $270-280/T, with a trading range of $260-270/T in Alberta and Saskatchewan.

Source : Albertapulse

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.