Hay Report - 10 July 2015

National Summary

  • Frosts accompanied by cooler conditions have been the catalyst for increased interest in the hay market this week. Across most regions there were increased enquiries for fodder this week however, significant price changes were not observed in the market. The cold conditions are seeing a reduction in pasture growth rates, and without sufficient rainfall, it is expected that an increase in demand for fodder is expected in the coming weeks.
  • There has been a general increase in demand for fodder from hobby farmers and small acreage producers in some regions.This has applied some pressure to the big bale market however it is yet to impact on pricing.
  • Freight costs remain a contributing factor to price increases as domestic hay stocks are further exhausted. With the exception of Bega and Northcoast NSW, hay traders have commented that stores are at levels that would be traditionally witnessed in September.

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Hay Report - 3 July 2015

National Summary

  • The hay market this week is again exhibiting a mixed bag of results. Typically we would expect the low hay stocks in Southern Australia to have more impact on prices. However despite all indicators suggesting a price increase buyers are showing signs of resistance to higher prices, and for now the market is best described as steady.
  • It should be noted that as hay stocks throughout Australia become low, and hay is being moved greater distances transport is becoming a significant part of hay prices.
  • The lower than average rainfall in most regions is continuing to cast a shadow of uncertainty over yields in the coming harvest. As a result some buyers are talking to suppliers to secure hay for the next harvest, a clear demonstration of their concerns of the coming season.

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Hay Report - 26 June 2015

National Summary

  • Cooler conditions and rainfall throughout most regions have given rise to increasing inquiries from buyers. Contradicting the higher volume of interest, prices movements have been minimal and isolated. As hay stocks around Australia become tight, traders and buyers are incurring significant freight costs which have been the largest contributing factor to pricing movement, however it should be noted that these impacts have been localised.
  • Winter condition have hit Southern areas of Australia resulting in the trade of straw remaining firm as farmers look for a cost effective substitutes for cereal hay.
  • After weeks of speculation of a rise in pricing, WA cereal hay prices rose this week due to declining hay stocks and demand also coming from exporters and chaff mills. Weather wise, recent rainfall also gave relief to growers after poor conditions in May.

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Hay Report - 19 June 2015

National Summary

  • There have been limited movements in the hay market around Australia this week. Levels of interest are varying significantly from region to region and the few price increases are linked to lower than average hay stocks. Fodder stocks nationally are under pressure and low volumes are the norm with the exception being some areas of Northern Australia. Overall buyers’ willingness to purchase has plateaued but inquiries are strong.
  • In southern states the interest for straw increased as dairy farmers prepare for calving cow rations and look at carrying dry cows through winter.
  • There were patchy rains across the eastern states last week. While it varied from region to region, typically the grain growing regions received more rain than coastal areas.
  • WA hay markets are holding strong with no price movements reported. Already elevated market prices for hay are prompting traders to travel significant distances to secure fodder.

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Hay Report - 5 June 2015

National Summary

  • Following the price increases noted last week this week we have seen no price changes in the hay market. This week we also saw a reduction in the levels of interest in the market despite fodder stocks nationally being at or below average for this time of the year. Accordingly the combination of tight stocks and limited interest has seen prices remain steady.
  • Most regions in the eastern states are experiencing dry conditions. The key exceptions to this are coastal regions. It is too early in the season to comment on how this will impact on the fodder market.
  • Based on a good start to the season and continued demand from the export sector WA growers are looking favourably at the season ahead.

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Hay Report - 29 May 2015

National Summary

  • More price movements have been noted in the hay market this week with the greatest impact being seen in the areas where the cool weather conditions have arrived. The discussion around the probability of rain is by far the biggest price determining factor for both buyers and sellers in the market at this stage.
  • Poor rainfalls in Southeast Australia have increased the number of buyers in the market and again this week the Goulburn/Murray area has reported some of the largest level of interests as cattle farmers look to source late feed stocks to carry over animals during winter.
  • Overall, hay stores around the nation remain below average for this time of year with a couple of exceptions such as North Coast of New South Wales and Bega who have had good starts to 2015.
  • Western Australia hay stocks are becoming tight and driven by interest from exporters a rise in pricing is expected. Good commodity pricing, strong export demand and promising rainfall has lifted growers’ optimism in WA for the coming season.

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Hay Report - 22 May 2015

National Summary

  • The hay market across the country has experienced notable price movement during the past couple of weeks.
  • Central west NSW, Gippsland, south east South Australia and the West have all reported increases in hay prices this week. The upward pressure on pricing is generally due to dwindling supplies and with winter approaching, buyers have been active in the market.
  • Stocks of hay in Western Australia and South Australia are relatively low and there is an expectation in the market that prices will continue to increase.
  • In contrast, the Darling Downs has reports of lower straw and pasture hay prices due to greater numbers of suppliers entering the market, keen to sell stock in order to make space for the next season.

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Hay Report - 8 May 2015

National Summary

  • Unusually for this time of year and across all regions, there has not been any reported movement in prices during the past week.
  • Looking across all of the regions in this week’s hay price report we have seen the highest levels of hay trade has occurring in the Goulburn/Murray Valley region. This appears to have been triggered by the cooler weather and the looming end of the irrigation season. Some sellers have reported almost exhausting their stocks of hay during the past couple of weeks.
  • Rainfall continues to be the most commented on factor when discussing the hay market, with rain falling in overabundance on the north coast of NSW while in contrast, many areas of northern and western Victoria and South Australia are still waiting for a proper autumn break.
  • Stocks of hay in Western Australia, South Australia and Tasmania are relatively low and there is an expectation in the market that prices will increase as the winter months approach.

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