HAY MARKET REPORT

Weekly Hay Market Demand and Price Report for the Upper Midwest

November 13 , 2009

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.

Demand and Sales Activity

Compared to the previous week, small square bale prices were up 21%. Large square bale prices were up 5%. Large round bale prices were down 8%. Sales activity was very light to moderate.

In Nebraska, hay prices were steady. Demand and trade activity were very light. For Iowa, hay prices were mixed to $29.80 higher. Demand was light to moderate with light trade activity. In South Dakota, hay prices were mixed to $23.20 higher. Demand was still good again this week for higher quality hay, and moderate for lesser qualities. For Missouri, hay prices were steady. Hay demand was light and the supply was heavy. Farmers continued to spend as much time in the fields harvesting crops as conditions will allow. Many gallons of fuel have been burned in the last two weeks, but harvest was still behind the average pace. Hay movement in the state was basically at a standstill with very little hay being bought or sold currently. In Southwest Minnesota, hay prices were $7.60 higher. Sales activity was moderate. The demand for Illinois hay was good with moderate offerings. Hay prices were $8.60 higher.

For Wisconsin, there were no reports on sales activities and demand. Good weather conditions allowed growers to harvest soybeans and high moisture corn in earnest. However, corn for grain was slowed by continued high moisture. Also, because of previous wet weather, mold on soybeans and corn continued to be a major concern. Additionally, despite the recent warm and dry weather, some producers were concerned about drying costs. Fall tillage incrased slightly to 29% complete, up 6% from a week ago. Pasture condition ratings increased slightly and were reported as 3% very poor, 24% poor, 34% fair, 35% good and 4% excellent.

Straw prices in the midwest averaged $3 per small square bale (range of $2 to $4) and $26.06 per large square bale (range of $18.75 to $36). Compared to the previous week, straw prices for small square bales was up 6%. Large square bale prices were down 21%.

The next weekly hay market demand and price report for the Upper Midwest will be posted on November 23.