Feed Central Hay Market Report

Key Points

• Growers need to show urgency in providing product information to sell.
• Samples of quality Hay are there to be had as we are seeing through our Quality Assurance system.
• Buyers encourage to act now to secure quality.
• Logistical and production issues have remained with continued rain throughout the past month, more forecasted to come.
• First cut Lucerne looking great, likely to be good value with continuation of favourable seasonal conditions.
• Despite favourable grazing conditions buyers are in the market.

Join us for the Hay Market Report with Jock Jackson & Cieran Maxwell.

KEY POINTS:

Hay quality predictions for new season product.

Where is the demand?

New season price discussion.

KEY POINTS:

• Sporadic movements of hay
• July Ex Farm Hay and Straw prices revealed
• Hay making decisions are happening
• Concerns about the availability of Vetch for the new season

• Growers are making room for new season product by selling now at good prices.
• Buying demands has stayed consistently low.
• Prices drop on protein hay in NSW by at least – $20 per ton.
• Mice begin to slow with the cold & wet weather in some areas.

KEY POINTS

• Mice continue to run rampant in NSW and other regions.
  
• There has been some increased demand for hay in Victoria & South Australia.
  
• Demand remains low for hay into Backgrounding, Dairies throughout the majority of NSW and southern QLD. However, a market for protein hay is proving reasonably strong.
  
• Protein hays & high-quality Vetch is hard to find, however, quality Lucerne is still available.
  
• Cattle herds continue to grow, although a long road ahead remains for herd rebuilding nationwide. Some Beef Producers are taking advantage of the high cattle prices and opting to sell their herd instead of supplementary feeding.
  
• Prices paid for cattle continue to put a squeeze on feeding margins.
  
• The hay buyers that are in the market are looking for quality and quality only.