The hay market this week was steady with some weakness. Top quality hay continues to bring good prices in any package size. Quality round bales continue to be discounted when compared to other hay packages. Some markets were slow this week probably related to weather and fall harvest.
For Nebraska, hay sold steady, demand was light to moderate as many buyers and sellers were busy with fall field work. For Iowa, overall steady market with hay available from multiple cuttings (1st - 4th), but limited as many are in the field harvesting. Small square bales and top quality hay are limited at the market, while large rounds are in good supply.
In South Dakota, all classes of hay were steady with few reported sales at the market. Demand is moderate at best. High quality grass hay is in demand to start calves on feed. Heavy rainfall in areas may have ruined hay that was cut.
For Missouri, hay prices have some weakness. Many cattle feeders are gauging how much hay they have on hand and how long will the pasture continue to grow this fall before purchasing hay. Many sellers are thinking prices will increase as winter begins and are not offering hay into the market.
In Southwest Minnesota, prices were steady to weaker with no quality hay available. Only lower quality hay was offered with little demand.
In Wisconsin, quality alfalfa hay prices were strong, however lower quality hay continues to be discounted no matter the package size. This has been a busy week as many farmers are taking a late harvest of hay, harvesting corn silage, soybeans, and high moisture corn. After they get feed in storage and take inventory they may or may not purchase hay. Some areas were on the fringe of drought and those famers are purchasing corn and hay standing in the field to add to their inventory.
Straw prices were steady this past week as straw is in demand. Small square bale straw price was steady at $3.50 a bale (range of $2.00 to $6.00). Large square bale straw prices increased to $48.00 per bale (a range of $35.00 to $72.00). Large round bale straw averaged $35.00 per bale (range of $25.00 - $55.00).
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