Hay prices begin 2019 on a steady trend since early fall. The hay volume has increased at markets. The greatest demand is for small lots of quality alfalfa and grass hay. However, lower quality hay has seen the largest increase in price per ton over the past few months.
For Iowa, at first glance it would appear that hay prices have declined, however it is a reflection on the quality of hay available at the market. Growing conditions in 2018 resulted in a greater volume of lower quality of dry hay.
In South Dakota, compared to last week there is a steady to greater demand and a steady to increase in the price of hay. Good winter weather has made transportation of hay easier and allowed more movement of hay to the market and back to the farm.
For Missouri, hay supply is light to moderate, with steady prices and a light to moderate demand. Some farmers have reported they are sold out of hay.
In Southwest Minnesota, prices were steady. There was a good supply of hay available at the market this week.
In Wisconsin, prices are steady with demand for all classes of hay. Good demand for quality hay or hay in general. There is a demand for small lots of hay for small farms and horse owners.
Straw prices include oat, barley, or wheat straw, not soybean. Prices were steady. Markets are looking for straw and there is a good demand. Small square bales averaged $3.65 a bale (range of $1.50 to $6.00). Large square bale straw averaged $44.00 per bale (a wide range of $23.00 to $72.00). Large round bale straw averaged $67.00 per bale (a wide range of $44.00 - $115.00). Wheat straw typically will demand a slightly higher price and overall straw quality does impact the price.
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