Farms.com Home   News

Hay Supplies Tightening on Both Sides of Border

Hay supplies are shaping up to be tight on both sides of the Canada-U.S. border this year.
 
In Canada, overly dry conditions across the Prairies are sharply reducing yields and many producers are not expected to even get a second cut. Meanwhile, U.S. hay supplies are tightening on limited supply combined with strong domestic and export demand.
 
According to the USDA, U.S. hay harvested area this year will come in at 52.8 million acres, down only slightly from a year earlier but the lowest since 1908. Record-low hay production is expected in many states right from California to Ohio, with prices in the spring reported at the highest since 2014, ranging from around US$150/tonne for hay excluding alfalfa and $205 for alfalfa.
Click here to see more...

Trending Video

Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.