Thank you for that.
Since 2003, processing capacity in this country has expanded. We can now process or have the capacity to process all the cattle we produce if we run at maximum capacity or near maximum capacity. We do have a challenge in this country, in this industry, to maintain that capacity and not leave ourselves in the risky peril that we were in prior to 2003.
The question really comes down to competitiveness. Cattle producers will sell their cattle to the highest bidder. If American packing plants are more competitive, to the point that they can outbid Canadian plants on Canadian cattle, there will be a tendency for the cattle to move south and an underutilization of capacity in Canada.
I believe it's vitally important that we have a regulation structure in place in the business environment, as much as possible, to allow our plants to be competitive with their U.S. counterparts.