Very much so. I've always felt one of the biggest mistakes we made following BSE was to open our own borders to live cattle leaving the country because we took away our processing opportunities. The more we keep at home, the more jobs we create and the more opportunity we have to add that value here at home.
The other really important part of the CETA deal that a lot of people don't equate is the fact that under the requirements for Europe, we have to produce feed that has no added hormones. China has been very adamant that they do not want any ractopamine. To not get too technical, the ractopamine is the carrier for a lot of the added hormones.
So by raising the beef for that European market, we create a product that is acceptable to China as well, and so the two of them blend very well. All this to say, if Europe is taking 35% or 40% of our carcass, and we still have 60% or 70% left to utilize, and all of a sudden we have another player that comes in and is taking 30% or 40% out of that, we're able to get a premium price for that in a way that we don't have to segregate on our line so much, so we can keep our costs down. It actually allows us to maybe produce a little more cheaply for our own domestic product as well. We're able to spread out that cost for processing.
One of the big advantages to opening these up is to be able to expand that capacity for not only production but for processing as well.