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Thursday, April 12, 2018

Hay fever spreading as demand surges.

By Farm Tender  |  Source: Farm Tender

Hay demand is as strong as we have seen it for some time now with the Monday just gone the busiest day recorded for Hay enquiry on Farm Tender. As demand for vetch has skyrocketed, prices have also seen a slight lift.

We have seen Vetch Hay Prices lift on average around $5 over the last fortnight.

 A lot of the trade in the last fortnight has been Farmer to Farmer lots of smaller type parcels as livestock producers brace themselves for what might be a tough late Autumn and Winter period ahead

Vetch Hay was the leading seller for this period closely followed by Oaten and Wheaten Hay. However, there is demand from all states for Clover Hay, and we have also seen a lift in Straw demand and sales.

8x4x3 Bales are by far the most popular type of bale, but we have seen quite a dramatic increase in 5x4 Round Bales sales just in the last week. The Roll deals are more the Farmer to Farmer ones where the freight is kept to a minimum.

The NSW Government has just announced Drought Transport Loans for Farmers looking to purchase fodder. These are 2 year interest free loans of up to $20,000. Read more Here  

Table 1 summarises hay prices over the period 28th of March to the 11th of April 2018. The following explains the terminology used in the table:

  • Prices are $ + GST per Metric Tonne - $/mt
  • NS – New Season
  • OS – Old Season
  • 20/10/40/650 - Protein/ME/NDF/Bale weight
  • Cap/Tarp – Capped and or Tarped

Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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