Brought to you by AG Concepts

Thursday, June 07, 2018

Some urgency has gone out of the Hay market.

By Farm Tender & Olivia Agar  |  Source: Farm Tender

Over the last two weeks, it appears that hopeful buyers came to accept the state of play, and were looking at their other options.

You know when you go to the Footy and it looks like one team is going to lose, and fans start streaming out the gate, that's what the Hay market is like right now. 

Don't get me wrong, the demand is still around, and some are still desperate and very determined to get their hands on Hay. I think people now know that it's hard to find and that has dampened their enthusiasm to look. 

It was natural that prices would rise across the board over the last fortnight and that's what happened. Most lines were up $5-$10 a tonne.

There is still some Hay moving around on the road today but much of it has been booked up for weeks. 

The Australian Fodder Industry Association (AFIA) is holding it's annual conference in Adelaide on the 29th, 30th and 31st of July. If you are keen to go then make sure you book in sooner rather than later as I am told positions are filling fast. See the link here https://www.afia.org.au/files/2018_Conference_Registration_WEB.pdf

With the lead up to the new Hay season, we will start looking at some of the things we have learned from the last few months and come up with a few tips that might help going forward.

If you are looking to sell or buy Hay, make sure you register with www.farmtender.com.au 

Table 1 summarises hay prices over the period 23rd of May to the 6th of June 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
  • Shedded – Shedded
  • Cap/Tarp – Capped and or Tarped
  • Paddock – Paddock

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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