Tuesday, January 29, 2019

Hay Market Demand and Price Report for the Upper Midwest

Demand and Sales Comments
Hay prices are on a steady to strong trend. Hay shortage is a general conversation, thou it appears to be a shortage of quality hay. This fall and winter lower quality hay has seen an increased in price as there is a lack of quality hay to supply the market. Overall USDA reported a $25.00 per ton increase for alfalfa hay in 2018.
For Nebraska, hay sold steady this week with a tick of higher undertones for hay going out of state, within state demand is moderate at best. Cattlemen have been relying on stalk fields this winter to carry cows, thou with calving season beginning soon and snowfall in the forecast, hay markets may get interesting.

For Iowa, hay and bedding sales are extremely light with limited quality hay available at the markets.


In South Dakota, compared to last week demand for alfalfa and grass hay is high. Artic weather in the forecast is one of the reasons. One problem is transportation as a result of the cold and snowy weather.

For Missouri, cattlemen in some areas are fighting mud as the ground hasn’t froze this winter and some are considering moving calves rather than purchase hay.

In Southwest Minnesota, prices were steady with limited supply of hay and only lower quality hay at the market.

In Wisconsin, prices are steady to strong with demand for quality hay. There is a shortage of quality hay at most markets. Lower quality hay appears to be available and some buyers are beginning to lower their standards and purchase what is available.

Straw prices include oat, barley, or wheat straw, not soybean straw. Prices were steady to strong as there is a strong demand for straw. Small square bales averaged $3.80 a bale (range of $2.00 to $6.00). Large square bale straw averaged $43.00 per bale (a wide range of $23.00 to $75.00). Large round bale straw averaged $44.00 per bale (a wide range of $25.00 - $70.00). Wheat straw typically will demand a slightly higher price and overall straw quality does impact the price.

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