Hay supplies are up by double digits over the last year, and that is helping keep costs down.
Frequent Market Day Report guest Dr. Darrell Peel says hay production was up more than three percent last year, and stocks, as of May 1st, were up nearly 50 percent over 2023 levels. Despite the gains, total hay supplies fell nearly two percent over the last decade.
Peel says that for producers in many states, increased supplies will mean more flexibility in the coming months.
Related Stories
Set targets and use forwards, futures, or options to manage downside while preserving room for rallies.
Bangladesh’s buying surge offers temporary relief for U.S. farmers facing weaker Chinese demand, highlighting how global politics can reshape export outlets overnight.
Rising demand for Comfort Colors t-shirts reinforces the pull for U.S.-grown cotton, linking rural fiber production to a fast-growing mainstream apparel brand.
Australia’s expanding harvest and global oversupply are keeping wheat and barley prices capped, though canola markets may hold firmer on shifting oilseed demand.
Bioethanol continues to gain ground as the bridge fuel connecting agriculture, aviation, and maritime industries in the global shift toward lower-carbon energy.
Expanding bioethanol use strengthens rural economies, supports farm markets, and positions U.S. agriculture at the center of global low-carbon trade.
