April 2016 Dairy Situation & Outlook

Apr 28, 2016

Looking ahead most price forecasters show a slow increase in milk prices as we move through the year but staying relatively low. Class III futures don’t reach $14 until July and $15 until September and peaking in November in the low $15’s. Class IV futures each $13 in May, $14 in July, $15 in September and also peaking in the low $15’s in November. USDA now forecasts the Class III price for the year to only average between $13.65 to $14.15, the Class IV price to average between $12.90 and $13.50 and the U.S. All Milk price to average between $15.00 and $15.50. If milk production continues to show rather strong increases and exports do not improve more than now projected, these prices are quite likely. But, there is still a good possibility prices could do somewhat better than this for the second half of the year.

Source:uwex.edu

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.