Thank you.
My questions will be directed toward the Cattle Feeders' Association.
Ms. Tranberg, we know that the North American cattle herd is probably the lowest it's been since the fifties. Those are the numbers we're hearing. As Mr. Vander Heyden said, it's a completely integrated market between Canada and the U.S. One of the concerns we have as cattle producers in Canada is the upcoming talks with Mercosur on the free trade deal. Can you give us a perspective on how damaging and devastating that would be to the Canadian cattle industry?