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Driving Prices Up
- Vetch and lucerne hay are likely to be in short supply this season which may result in higher prices.
- Many producers are continuing to rebuild on-farm stores or supply export or pre-contracted buyers. Those producers filling on-farm storage may monitor the market and make hay available in marketplace later in the season.
Driving Prices Down
- Grain farmers in areas impacted by frost, including those in central and southern New South Wales and northern Victoria, are cutting cereal crops and canola for hay.
- The first of the early season’s cereal hay has entered the market with a range of pricing. Some hay producers without on-farm storage capacity, are offering a lower price with the aim of moving hay off-farm to avoid any weather damage.
Local News
- The Australian Oilseed Federation (AOF) reports that large amounts of canola are being cut for hay as a result of frost. Most of the 2024 new season hay is yet to hit the marketplace, including that which is the result of frost-impacted crops. The next AOF crop report is due on 25 October.
- The BOM has released a Climate Driver Update, reporting that the El Niño–Southern Oscillation (ENSO) is neutral, with both sea surface temperatures (SSTs) in the central equatorial Pacific Ocean and atmospheric patterns at ENSO-neutral levels. The next update will be released 15 October.
- Buyers are encouraged to feed test and view fodder before purchase to be sure of the quality of feed.