Hay Report - 13 January 2017

National Summary

  • A return to a slow yet active market was evident this week with a number of trucks now moving fodder around the country. Buying in small volumes lifted, mostly from feedlotters in the North and dairy farmers in the South, resulting in limited price changes.
  • The amount of activity is still below average for this time of year as a result of a late harvest and the abundance of feed available. What’s now being described across the country as an over supply, especially for lower grade feed is resulting in low prices and a general lack of urgency from farmers. Most farmers have a good supply of their own home grown fodder and will look to purchase less hay throughout the course of this year.
  • Reports indicate that we may not see any real boost in buying until late March. It is likely that then stored hay will show increases in value and price. For the meantime there are real opportunities for purchasing fodder at very affordable prices. To ensure value for money however, get a feed test and always use a trusted supplier.

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Hay Report - 23 December 2016

National Summary

  • Large volumes of fodder continue to be produced around the country with good supply now being reported in most regions. The massive influx of hay is already exceeding that of last year thanks to the return to a soft winter. Some farmers are boasting ‘record breaking’ yields and will be in good stead to cover their own feed requirements for the coming months. This has resulted in a slow hay market as potential buyers are slow off the mark due to the lack of urgency. This is not the case for some of the dryer regions in coastal NSW and Queensland.
  • There were some price reductions in the South this week as growers try to move fodder in a stagnant market. Trading isn’t expected to lift significantly for some time and a demand for poor quality hay, especially if not put in sheds, may not be there in 2017.
  • Hay quality continues to be variable farm to farm so we recommend getting a feed test and using a trusted supplier when purchasing fodder this season.

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Hay Report - 9 December 2016

National Summary

  • There were no major changes to hay prices this week with growers and hay buyers seemingly settling into a comfortable price point.
  • The amount of trading taking place is still quite low around the country. Focus for many remains on baling hay and silage. Big yields have been noted across the board with a wet winter resulting in bulky, fibrous hay. Things have finally begun to dry out in the South, which has shown some positive signs for improved quality. The general consensus however remains that fodder quality is well down from the last few years. This poorer quality feed is in good supply and so has kept prices low. Northern coastal regions and perhaps Tasmania are the obvious exceptions to this with growing demand keeping prices to a premium.

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Hay Report - 2 December 2016

National Summary

  • There were limited changes to hay prices this week with the market still to truly get going. Harvest is ongoing with mixed albeit improved results being reported.
  • A number of hay traders and growers in the South are reportedly struggling to move fodder with little interest from farmers due to a growing oversupply of average hay and plentiful home grown feed. This has seen prices ease over the past weeks and comments suggest this could continue.
  • In Northern regions, while also struggling to find quality fodder, farmers are experiencing a much greater demand due to extremely dry conditions along coastal QLD and Northern NSW. Reports indicate that although this is yet to have any significant impact on hay prices, the interest has held prices firmer.

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Hay Report - 25 November 2016

National Summary

  • With more and more hay hitting the ground, we began to get a clearer picture of the feed situation around the nation this week. Prices are still fluctuating in some areas as growers compete amongst others with mostly poor to average grade feed. As the harvest has gone on we’ve seen the quality of hay produced lift as the spring has dried crops up. This has resulted in some large variations in the pricing scale for some regions. The overall quality though continues to be down from last year as a large percentage of feed has been rained on or cut onto wet ground.
  • Demand is still low in most regions with farmers still focusing on the baling of hay and utilising home-grown fodder. There is also a lack of urgency due to the potential influx of cheaper hay. Prices are well back from previous years reflecting the quality. The price of grain is also very competitive.

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Hay Report - 11 November 2016

National Summary

  • This week the harvest continued as the primary focus around the country with limited hay trading reported. Changes we did see were a number of price reductions, as an influx of new season feed entered a competitive market. With many regions still yet to produce any new season hay, it’s likely that more changes will occur over the coming fortnight. Demand remains low generally, with many farmers continuing to sit out of the market and utilise home grown fodder, or to wait until the new season’s situation is realised.
  • The nation has experienced mostly dry conditions for some weeks now following a wet start to spring. This has had a widely positive impact of both hay quality and the quantity being produced. It is still expected that the majority of hay made will be below the quality of last year but growers are optimistic that end users requirements will be met.

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Hay Report - 4 November 2016

National Summary

  • With most of the country now drying out and showing consistent signs of spring, harvest has switched into top gear and remains the focus for growers. This has seen a great deal of potential fodder buyers sit out of the market this week until the outcome of the harvest is better known. With the supply in sheds dwindling however and new season feed being baled as we speak, the next fortnight should see some real change in the market.
  • In most cases these changes will include a reduction to current prices due to both greater supply and a generally lower standard in terms of quality. Overall we are predicting most states will have ample supply of fodder this season. Some regions will be lacking and this will include some of the traditionally larger hay making areas like the Goulburn/ Murray Valley and Central West NSW.
  • With so much late rainfall prolonging the start of harvest and continuing after its commencement, the need to carefully inspect fodder will be paramount this year. We recommend getting a feed test as well as using a trusted supplier.

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Hay Report - 28 October 2016

National Summary

  • There were few reports of hay trading this week as demand remains low from the majority of farmers around the country. A focus on home grown feed is likely to see less hay bought and sold in some parts of the nation this year. Particularly in those regions that were hardest hit last by milk price cuts and the long dry summer.
  • This season has been a testing one for the opposite reason. Sustained rainfall through spring has delayed some growers from getting into harvest by up to a month. This week we heard that the situation was improving with a dry forecast, but hay quality continues to be a much talked about issue.
  • There is a general expectation that with the influx of lower quality feed, pressure will be put on the market to be competitive with pricing. This has already started to occur in the North where new season feed has begun to enter the market.

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