Hay Market Demand And Price Report For The Upper Midwest As Of October 9, 2015

Oct 14, 2015

Demand and Sales Activity

The all grade hay price from all markets in creased by about $ 8 .00 per ton this week compared to the previous report even though there was a limited sample of reports this week (read market comments from states). The data is collected from markets in Wisconsin and nearby Midwestern states.

For Nebraska , hay sold steady to $5. 00 per ton lower. T here i s light demand with a n adequate supply of forages . Moderate demand was from backgrounding and feedlot operations with a limited demand from all other buyers. Most hay growers are busy in the field and not marketing for a ge a t this time .

For Iowa , hay sales continue to be slow . The report from the field is farmers are busy with fall harvest and hay acquisition is on the back burner .

In South Dakota , very limited sales this week with steady prices . As r e ported from other states fall field work is keeping many from marketing and purchasing of forages . Most hay buyers are only buying what is neede d rather than lock in a price for their feeding season supply.

For Missouri, a very good supply of hay for a very light demand with steady pricing. Many hours this week spent on fall grain harvest, with limited activity at hay auction s . Grain harv est is ahead of the five year average.

In Southwest Minnesota, l iterally no prime quality hay at auction and prices were weak for the lower quality hay. Very small sample this week with only two loads of alfalfa hay sold .

For Illinois, demand for hay is light to moderate, for moderate to heavy offerings with steady prices . The 2015 growing season was one of the most diffi cult for hay producers . Rainfall , while necessary was a determent for dry hay production in 2015. In Wisconsin , limited supply of qu a lity hay at auction , along with a large volume of lower quality hay produces weak prices.

As other comments have stated , many producers are focused on fall field wo rk, with limited attention to hay purchasing. Currently across Wisconsin there is a good supply of lower quality hay . The M idwest straw market overall was mixed this past we ek . Small square bale straw has a st rong market ; with a n average price t o $ 3 . 6 0 a bale (range of $ 1 . 0 0 to $6.00) .

Large square bale straw price was strong this week , with average price of $ 3 5 . 0 0 per bale (range of $ 24. 00 to $ 49 .00); and large round bale straw prices were weak this week ; with a n average price of $ 29 .00 per bale ( range of $ 1 2 .00 - $ 40 .00 per bale ) . ( Please note th ere wa s a very limited sample this week as many markets didn ’ t report any straw sales ).

Source:uwex.edu

Click here to see more...

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Farmers in Illinois help one of their own

Video: Baxter Black on Equine Chiropractery.