Faba Bean Feed Benchmark Jun 22/19

Grain prices have remained very strong across the prairies given drought conditions in the prairies and significant moisture in the Midwest. There has been rain in key parts of Alberta and Saskatchewan to relieve some pressure on pricing, but that is being counteracted by futures prices increasing today. Proteins have moved up the last couple weeks due to a combination of increasing futures prices and greater demand then expected for DDGS with beef packers dragging contracts and more cattle in lots. Feed peas have continued to bring values to rations at delivered prices of approximately $260-265 Red Deer, $255-260 Saskatoon area, with slightly higher prices in Manitoba.

 

AB: $350

SK: $345

MB: $338

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

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.