Monday, June 10, 2019

Hay Market Demand and Price Report for the Upper Midwest

Demand and Sales Comments
Hay prices were steady with some instances of strong demand. This is the first market report in months that had a decline in overall hay price along with an extreme range in price. Some new crop hay has come into the market. Many markets have reported a scarce supply of forages and bedding materials. If you are looking to buy or sell forage, connect to the Farmer-to-Farmer webpage at http://farmertofarmer.uwex.edu/ to place an ad for your needs or what you have to sell. Contact your local county agriculture agent if you need help placing an ad. There is no charge for the service.

Upper Midwest Hay Price Summary by Quality Grade

For Nebraska, hay sold steady on a thin test. There is light demand for old crop hay. Some new crop hay is available. In Iowa, very little supply of old crop hay and bedding. Many are “cleaning out” the barns as buyers are becoming desperate, before new crop hay is sold.

In South Dakota, prices were higher with very few sales. Very good demand in this active market. New crop is being cut and baled, but little has come to the market.

In Missouri, supply is light, demand is light to moderate and prices are steady. Poor weather is delaying hay harvest and most hay is being wrapped because of poor drying weather.

In Southwest Minnesota, prices were steady with light demand and very little hay available. In Kansas, market activity is slow with steady prices. Weather is delaying hay harvest.

In Wisconsin, prices remain strong with a demand for hay. Many reports of winterkilled alfalfa in the state and many are developing plans to cover forage needs for 2019 and 2020.

Straw prices are for oat, barley, or wheat straw. Prices were steady to strong with a demand for straw. Small square bales averaged $4.20 a bale (range of $1.50 to $6.00). Large square bale straw averaged $69.00 per bale (a wide range of $35.00 to $125.00). Large round bale straw averaged $47.00 per bale (a wide range of $25.00 - $80.00). Wheat straw may demand a slightly higher price and straw quality does affect the price.


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