Hay Outlook: Milk and Grain Prices Could Impact Hay Demand in 2019
By Wyatt Bechtel, Drovers, Associate Editor
via AgWeb - December 5, 2018
Hay markets can be difficult to project heading into any year, and 2019 might have some of the most complex dynamics to consider for hay pricing and demand. Weather will always play a role in regional markets, while competitive demand from dairy and beef cattle herds also play a role. Comparative pricing of other feedstuffs need to be considered and with lower commodity pricing there might be advantages to feeding more grain in livestock diets.
Taking a look back at 2018 hay prices rose around much of the country. According USDA’s latest Agriculture Prices Report released in November, “All Hay” prices for during October 2018 averaged $162/ton, up $21/ton from the previous time last year. Alfalfa saw an even wider swing in prices with $178/ton being the average nationwide in 2018, while the October price last year was sharply lower at $153/ton. The “Other Hay” price sits at $132/ton for this year, a $10/ton increase from last year.
Looking Back and Forward ...
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