Weekly Hay Market Demand and Price Report for the Upper Midwest

as of February 14, 2014

 

Data Compiled by Ken Barnett, UW-Extension

 

All hay prices quoted are dollars per ton FOB point of origin for alfalfa hay unless otherwise noted.

 

The information presented in this report is compiled from public and private sales and reports in the Midwest.

 

The past several months of the weekly hay reports are archived.To view previous hay reports, go to the Buying and Selling Hay and Straw web site and click on the archived hay reports section.

 

Demand and Sales Activity

 

Compared to the previous week, small square bale prices were down 15%.Large square bale prices were down 9%.Large round bale prices were down 5%.Sales activity was light to active.

 

For Nebraska, hay prices were steady to $0.60 lower on limited alfalfa hay sales.Demand was mostly light. Weather was more seasonally this week with weekend temperatures in the high 40ís low 50ís. For Iowa, hay prices were steady on limited alfalfa hay sales.There was light demand for hay and moderate demand for straw.

 

In South Dakota, hay prices were $71.05 lower. Producers have been working to fulfill contracts.There was light to moderate interest for the local market, and more moderate interest from out of state buyers.Demand is light to moderate at best for all classes of hay, with sales mostly on an as needed basis locally.†† Some areas of the state received small amounts of snow early in the week, with high winds creating white-out conditions at times.

 

For Missouri, alfalfa hay prices were steady on very limited sales. The hay supply is heavy, with light demand. Above freezing temperatures are bound for the Show-Me State for the next several days.Despite the snow cover that will be rapidly disappearing with the warmer weather, most regions would welcome rain.The hay market continues to be stagnant and with spring moving in soon, there are a lot

of questions about where the market will be with new crop hay.

 

In Southwest Minnesota, hay prices were $2.50 lower.The demand for Illinois hay was moderate to good, with moderate to active sales activity.Hay offerings were light to large.Hay prices were $0.85 higher.

 

For Wisconsin, hay prices were $4.45 lower on active trading at a quality-tested hay auction in Fennimore.

 

 

Straw prices in the Midwest averaged $4.38 per small square bale (range of $1.75 to $5.0); $38.20 per large square bale (range of $20.63 to $60.00); and $33.81 per large round bale (range of $28.75 to $57.50).Compared to the previous week, straw prices for small square bales were 23% higher.For large square bales, prices were 7% lower.For large round bales, prices were 11% lower.

 

Hay Price Summary††

 

Hay Grade

Bale type

---------- Price ($/ton) ----------

Average

Minimum

Maximum

Prime (> 151 RFV/RFQ)

Small Square

194.50

90.00

284.00

 

Large Square

216.44

115.00

325.00

 

Large Round

180.66

53.44

275.00

Grade 1 (125 to 150 RFV/RFQ)

Small Square

120.00

70.00

170.00

 

Large Square

151.56

100.00

217.50

 

Large Round

102.51

35.07

155.00

Grade 2 (103 to 124 RFV/RFQ)

Small Square

No reported sales

 

Large Square

118.75

80.00

150.00

 

Large Round

84.58

20.00

110.00

Grade 3 (87 to 102 RFV/RFQ)

Small Square

No reported sales

 

Large Square

75.00

75.00

75.00

 

Large Round

75.25

68.00

82.50

 

The next Weekly Hay Market Demand and Price Report for the Upper Midwest will be posted

on February 24.

 

Due to the lack of quality-tested hay auctions in Wisconsin, the following links are included in this report so producers can get obtain some state and nearby state prices.The Equity Cooperative market report is at http://livestock.equitycoop.com/market_reports/.Go to the Lomira and Reedsville locations for their reports on hay and straw prices. The Fennimore Livestock Exchange is at

http://www.fennimorelivestock.com/index.php?site=home.The Reynolds Feed & Supply, LLC of Dodgeville is at http://www.reynoldslivestock.com/what1snew/.The Tim Slack Auction and Realty, LLC of Fennimore is at http://www.timslackauctionrealty.com/market%20report.html.The Zumbrota Hay & Bedding Auction of Zumbrota, MN is at http://cla.crinet.com/page5295/ZumbrotaHayAndBeddingAuction.The Dyersville Sales Company of Dyersville, Iowa is at http://dyersvillesales.com/hay-auction/hay-auction-results/.

The Farmer to Farmer website is an electronic neighborhood bulletin board that allows local farmers to get in touch with one another to facilitate the marketing of feed commodities. It has recently been expanded to connect those with productive pastures to those producers who are in need of pastures.It can be found at http://farmertofarmer.uwex.edu/.

 

 

 

 

 

 

 

2014 Board of Regents of the University of Wisconsin System, doing business as the Division of

Cooperative Extension of the University of Wisconsin-Extension