Regarding the east-west movement of beef, I think the cattle and the meat seem to go where the market is or where it's most efficient. We sell feeder cattle to Quebec or Ontario. It all depends on the cost and gain.
It comes back to the central question, though, that whether we realign where the beef is produced or what goes where does not address the issue that we currently produce 60% too much, and the enormous implication of letting that go. So I think it remains standing that we have to fight for our export markets.
Historically, from where we are, the mechanism of price discovery in beef is through the Chicago Mercantile Exchange, where futures prices are set. For the live cattle, for decades and decades--I'll be very brief--we've looked at the Omaha or Nebraska price. That's the live cattle. In the futures we sometimes see divergence of the basis because of speculation in the markets or delivery problems, but the relation to the live cattle usually clues off the Central American plains, and then it's off where the beef has to go, the transport costs.
So in a normal world, the price to us in Manitoba would be the Nebraska price minus transportation, which is about 6¢ per 100 pounds. Our negative basis is minus 21 in the latest CanFax report. The other 15¢ has to do with other costs. We cannot get that price because of export permits due to the anti-terrorism laws by the U.S., compliance with COOL, and a whole host of other issues.