By Farm Tender & Olivia Agar | Source: Farm Tender
The once white-hot Hay market is now on about medium heat as demand retreats to some form of normality, but new parcels are still hitting the market as sellers who held onto their cards are entering the market.
The main hot spot for demand is still New South Wales and Queensland as conditions continue to deteriorate in most areas. Some livestock producers have well and truly opted out of the market and have chosen to cull any unwanted stock. The livestock market throughput in these areas is approximately 30% up on this time last year.
Supply in Victoria and South Australia is still sufficient to fill current demand, however whether this will continue through winter is where the uncertainty lies. If not, prices are likely to rally again during winter and particularly so in NSW.
The good news is that the Hay growing areas of Victoria and South Australia have received some rain which has encouraged Hay Crops and Pastures out of the once dry soil. We need these areas to produce good Hay yields so we can replenish supply levels after the draw down on carryover stocks.
Prices for Cereal have lifted on average $30 and Pasture hay lifted slightly in the last fortnight while Protein Hay remained steady.
Table 1 summarises hay prices over the period 6th-20th of June 2018. The following explains the terminology used in the table:
If you are looking to list your Hay or require more information go to www.farmtender.com.au
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