Monday, August 27, 2018

Hay Market Demand and Price Report for the Upper Midwest


For Nebraska, alfalfa sold steady with higher undertones. Market and movement appears strong with hay moving to drought areas in surrounding states. For Iowa, the lower market prices this week reflect the quality of hay at the auction. Wet weather this summer has resulted in a larger supply of lower quality hay. Top of the line dairy quality hay was being brought in from out of state.

In South Dakota, all classes of hay were steady this week at the market. Demand is moderate at best currently; demand is improving in areas to the south with drought conditions. High dew points and rain has prevented hay drying down to be baled. Some markets have limited supply of quality hay because of persistent rains this summer.

For Missouri, drought may be continuing, but moods have been improved as most of the state has received favorable rainfall this past week and favorable temperatures, pastures are greener with hope of some fall pasture. Hay is in short supply, but some corn fields are being chopped as yields were too low to be harvested for grain. Hay supplies are light, demand is good, and prices are steady.

In Southwest Minnesota, prices were steady in these markets this week. There was a limited amount of quality hay available.

In Wisconsin, fourth cutting is beginning across the state, but widespread rainfall is slowing down harvest. This week there was a stronger market for hay in areas affected by dry weather. There has been support for all classes of hay at local auctions as livestock farmers take inventory of winter feed early and are being forced to either feed or move livestock as pastures dried up in isolated areas of the state.

Straw prices were steady the past week. Small square bale straw price increased to $3.90 a bale (range of $2.00 to $6.00). Large square bale straw prices increased to $44.00 per bale (a wide range of $18.00 to $77.00). Large round bale straw decreased to $34.00 per bale (range of $15.00 - $53.00).

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