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The creation of a Foot and Mouth Disease Vaccine Bank continues to moves forward

Federal, Provincial and Territorial Ag Ministers announcing an agreement to create a vaccine bank for Foot and Mouth Disease. that's something the Canadian Cattle Association has been pushing for.

Estimates suggest a FMD outbreak would impact our ability to export animals and could cost the industry anywhere from $19.4 Billion to $65 Billion in potential economic impacts.

In the Spring budget, Ottawa committed $57.5 million over 5 years with $5.6 million ongoing to the CFIA to establish the Vaccine Bank and to develop FMD response plans.

During this week's FPT meeting in Fredericton, Ministers discussed the guiding principles of Canada's FMD vaccine bank, with a focus on:

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Cattle Markets - Ross Baldwin

Video: Cattle Markets - Ross Baldwin

Cattle futures saw a big move higher early this week, with live cattle posting sharp gains and feeders surging even more. The rally came despite little in the way of fresh fundamental news, leading many traders to point to money flow and fund buying as the biggest driver. Bryce caught up with Ross Baldwin Wednesday afternoon to break down what's behind the move and what he's watching next in the cattle markets.