Idaho Weekly Hay Report

Tons:  200    Last Week:  195    Last Year:  1000 

   Compared to last Friday, Alfalfa steady in a light test. Export hay has 
mostly been cleaned up until new crop. Trade near standstill this week with 
light demand. Exporters say inventories of 2017 alfalfa and Timothy hay should 
sell out this spring. Retail/Feedstore steady. Retail/Feedstore not tested.  
The Federal Reserve Bank Chairman Powell announced an quarter point interest 
rate increase yesterday but indicated a much more aggressive path for interest 
rates in the future. In addition to the increase yesterday, he suggested two or 
three more increases this year and three more increases next year. Borrowing cost 
for many will undergo sharp increases after remaining low for the past decade. 
Prices are dollars per ton and FOB the farm or ranch unless otherwise stated. 
 
                   Tons      Price      Wtd Avg    Comments
  Alfalfa                                                  
    Mid Square                                             
      Fair          200  100.00-100.00  100.00     Tarped