Faba Bean Feed Benchmark July

Feed wheat, barley, and corn prices remained largely unchanged across the Prairies over the past two weeks, although barley prices showed further signs of weakening in Alberta. Protein prices meanwhile continued to drop on good new crop prospects as well as shorter term concerns over Chinese tariffs coming into effect on soybean meal exports. Both soybean and canola meal prices declined by another $10-20/T as a result. Corn DDGS values dropped by another $15/T on weaker demand. Feed peas continued to trade in the $260-265/T range in Saskatchewan and $265-270 in Manitoba and Alberta.

 

AB: $289

SK: $306

MB: $303

* Models have been updated to reflect the latest nutrient compositions of feed ingredients, which is done periodically.

 

July 8 – 18 Faba Bean Benchmark Report

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.