Hay supply tight; Record Hay Price — Beef Magazine — Coyote Gulch
Click the link to read the article on the Beef Magazine (Derrell Peel) website. Here is an exerpt :
The August Crop Production Report released recently by USDA-NASS included hay production forecasts for select states and the United States. 2011-2020 average. All other hay production for 2022 is forecast at 67.7 million tonnes, down 4.6% year-on-year and 7.4% from the 10-year average. Total U.S. hay production in 2022 is forecast at 116.8 million tons, down 2.9% from a year ago and down 10.1% from the 2011 average -2020. Alfalfa and other hay prices are expected to reach record highs in 2022.
Drought reduced hay production in 2021 with continued impacts in 2022. May 1 hay stocks were down 6.9% year over year, but down 16.9% year over year. to the 2011-2020 average. April) is the sum of May 1st (early) hay inventory and 2022 hay production. Total hay supply is forecast to decline 3.4% year-over-year and 11.0 % compared to the ten-year average (table 1)…
As the growing season draws to a close amid persistent drought, the 2022 hay supply data illustrates why so much herd liquidation has occurred this year. It also speaks to the continued challenges cattle producers will face getting through the winter before the 2023 growing season provides the next opportunity to improve forage conditions.