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Tyson’s costs to buy live cattle increased $305 million from last year.
News

Tyson Foods shares plunge

Deflated demand, inflated costs lead to surprise loss

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Tyson Foods Inc. shares plunged 16 per cent to a three-year low May 8 as the U.S. meatpacker posted a surprise second-quarter loss and cut its full-year revenue forecast amid slowing consumer demand. The weaker than expected results indicate cash-strapped shoppers are cutting back on meat spending in a high-inflation environment, while a shrinking cattle herd forces Tyson to pay more for
News, Other

RME ag society grant open for applications

2023 will be the third year for the program

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Manitoba’s agricultural societies will again have a chance the get extra funding this year from Rocky Mountain Equipment. On May 1, the major equipment dealer confirmed that the Right by You Ag Society Grant program will continue for 2023. Four ag societies across the Prairies will be chosen this year. Each will receive $10,000 for
China approves safety of first gene-edited crop
News

China approves safety of first gene-edited crop

China has joined the list of countries to approve gene-editing as a breeding tool

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Reuters – China has approved the safety of a gene-edited soybean, its first approval of the technology in a crop, as the country increasingly looks to science to boost food production. The soybean, developed by privately owned Shandong Shunfeng Biotechnology Co., has two modified genes, significantly raising the level of oleic acid, a healthy fat,
“Increasingly, as we focus on the soil health benefits of regenerative agriculture practices, more and more producers are getting interested in some of the benchmarks on their farms.” – Lawrence Knockaert, MFGA.
News

For the birds

Regen ag farms to measure impact of practices on bird populations

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Four farms linked to the Manitoba Forage and Grassland Association will be counting birds this summer. The new study, a joint brainchild between the MFGA, Manitoba Wildlife Branch and Manitoba Important Bird Area, will gauge bird populations on dairy, beef, grain and mixed farms that are also proponents of regenerative agriculture. All the farms belong
News

Corteva raises sales outlook after topping quarterly profit estimates

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Reuters – Agricultural chemical and seed company Corteva raised its full-year forecast May 3 after it beat quarterly profit estimates. The company’s performance was aided by higher prices and strong demand for seeds, sending its shares up two per cent in extended trade. Crop prices have scaled back after rising to record highs last year
“They’re still kind of suffering those economic losses a bit and still trying to recoup their numbers.” – Derek Micholson, Manitoba Agriculture.
Livestock, News

Beekeepers off to a better start in 2023

Normal bee mortality would be a boon for the beekeeping sector after dismal rates last year

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Manitoba’s beekeepers are once again fighting “spring dwindle,” but winter losses are closer to normal compared to last year. “I’m not getting the absolute demoralizing reports from beekeepers,” said Manitoba Beekeepers Association president Ian Steppler. “I think we still have a high winter loss, but not as severe as last year’s.” Why it matters: The
The issue of access to U.S. bees has been frustrating and divisive in Manitoba.
News

Time for another look at U.S. bees

Industry groups say it’s time to re-evaluate bee imports from the U.S.

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Canadian beekeepers are calling on the federal government to re-examine the risks that have blocked U.S. packaged bees from Canada since the 1980s. Honeybee health decline and bee mortality took the stage at an April 26 meeting of the House of Commons Standing Committee on Agriculture and Agri-Food. Representatives from the honey sector presented on
Brandon University campus.
News, Other

Agri-tech accelerator partners with Brandon University

Collaboration could benefit agri-food sector in Westman region

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Partnership with an agri-technology-focused commercialization accelerator could help Brandon University tap into a new pool of expertise and funding. The university has signed a memorandum of understanding with Guelph, Ont.-based business accelerator Bioenterprise Canada. The deal will support new commercialization opportunities for start-ups and growth-oriented companies in Western Manitoba, according to an early May release.
Financial dispute halts rural broadband expansion
News

Financial dispute halts rural broadband expansion

Leaked email reveals work stopped in February and there’s no plan yet to resume

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The wait for remote broadband connectivity just got longer. A deal between the rural-focused internet provider Xplore and Manitoba Hydro to use the Crown corporation’s surplus fibre-optic cables recently ground to a halt. Xplore had planned to use them to bring broadband internet services to remote rural and northern communities, but it is now complaining
News, Weather

Overland flood warning issued for southwestern Manitoba

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Manitoba Transportation and Infrastructure’s Hydrologic Forecast Centre is issuing an overland flood warning for southwestern Manitoba as forecasters continue to monitor a precipitation system starting tomorrow morning that could bring as much as 150 millimetres (mm) of rain to the area tomorrow and May 13. A significant precipitation system is forecasted to affect most of

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