Change strengthens fed cattle settlement data collection

Apr 21, 2023

As of April 1, the LPI-Fed settlement index will not include any cash prices that are outside +/- 5% of the average weekly mean. Previously, the LPI-Fed settlement index did not include any cash prices that were $4/CWT above or below the average weekly mean.

Producers will continue to settle policies as usual. The data collected for calculating the settlement index is not affected by this change, only the analysis of data to include in our index.

In rare cases, the $4/cwt rule caused settlement blackout weeks. For example, in late 2022, the LPI-Fed settlement index excluded a larger-than-usual number of outliers (31 per cent within four out of five weeks) and the $4/cwt rule resulted in a blackout week. If the +/-5% rule had been in place, a blackout week would not have been necessary.

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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.