Livestock producers have anecdotally reported hay is hard to find and very expensive. The USDA NASS Agricultural Prices report at the end of February confirms those sentiments. All hay prices continue to hold high prices reaching $228 per ton nationally in January.
The December 1st stocks report showed hay stocks were down significantly to start the year, and heading into what is normally one of the highest disappearance time-periods of the year.
Livestock producers will likely be in for sustained high prices into the next marketing year that begins May 1. How long those prices will last will depend on weather and forage production.
Source: Daily Livestock Report - Steiner Consulting Group - View Complete Report
