HAY - AT WORLDS END
The drought is hurting Australian industries, specifically the agricultural industries that heavily rely on the staple hay. At Bathurst I appreciate being far from the rural areas and my proximity to the busy town and the excitement of Abercrombie House. But others do not have it this well.
Hay prices- fluctuating with the pressure of the drought. Is there relief for farmers?
The current price of hay depends on the grades and a guide is as follows:
SUPREME $103.88 to $207.33
PREMIUM $86.56 to $172.78
GOOD $77.56 to $154.81
AVERAGE $36.01 to $71.88
SUPREME : Very early maturity, pre-bloom, soft fine stemmed, extra leafy. Factors indicative of very high nutritive content. Hay is excellent colour and completely free of damage and foreign matter.
PREMIUM : Early maturity, i.e., pre-bloom in legumes and pre head in grass hays, extra leafy and fine stemmed factors indicative of a high nutritive content. Hay is green and free of damage and foreign matter.
GOOD : Late maturity, i.e., mid to late-bloom in legumes, head-in grass hays, moderate or below leaf content, and generally course stemmed. Hay may show light damage and minimal foreign matter.
AVERAGE : Hay in very late maturity, such as mature seed pods in legumes or mature head in grass hays, coarse stemmed. This category could include hay discounted due to excessive damage and heavy weed content or mould.
But how does this compare to the US Market?
In the upper Midwest the prices reacted oddly. Compared to the previous week, small square bale prices were down 23%. Large square bale prices were up 9%. Large round bale prices were steady. Sales activity was light to moderate.
In Nebraska, hay prices were steady. Demand and trade activity was fairly light due to the holidays. For Iowa, hay prices were mixed to $1.25 lower. Demand was light to moderate. Trading was slow to moderate. In South Dakota, hay prices were mixed to $7.00 lower. Most contacts report brisk business. The area is experiencing normal winter weather. In Missouri, hay prices were steady. The supply was light to moderate. Hay movement was light to moderate. As the farmers get further along in the feeding year, many were finding more offerings available in the hay market. Trucking remains the largest obstacle in the equation. Except for the light supply of top quality alfalfa, hay prices are seeing some pressure, most of which is falling on the round bale market. In Southwest Minnesota, hay prices were mixed to $5.00 lower. Sales activity was moderate.
The demand for Illinois hay was good, with moderate to active sales. Hay prices were steady. Hay movement slowed during the holiday period, but market activity was moderate to active in December. The winter weather has increased demand and usage of hay and straw in the northern part of the
In Wisconsin, the sales activity at the second quality-tested hay auction of the season at Lomira was moderate. The quality of hay offered was good. Prices averaged 11% higher than the December 7 hay auction.
Straw prices in the Midwest averaged $2.36 per small square bale (range of $2.00 to $3.50); $26.52 per large square bale (range of $20.90 to $38.00); and $30.75 per large round bale (range of $27.00 to $36.00). Compared to the previous week, straw prices for small square bales were down 5%. Large square bale prices were up 32%. Large round bale prices were down 7%.