“The market sometimes, or at least now, feels like we've gone from good, to difficult, to different. And I think one of the most significant things about the current hay market right now is that things are very different,” market analyst and hay exporter Scott Courtright told attendees at the California Alfalfa and Forage Symposium.

Josh Callen, market analyst and publisher of The Hoyt Report, gave attendees at the California Alfalfa and Forage Symposium an update on hay markets in the western U.S.

According to the USDA Cattle on Feed report published Oct. 25, total U.S. inventory of cattle on feed for the slaughter market on Oct. 1 was 11.6 million head, a slight drop from the same report in 2023.

Preliminary data shows 2023 hay production and inventories are up from a year ago.

The USDA today announced that it will begin issuing more than $1.75 billion in emergency relief payments to eligible farmers and livestock producers.

The USDA is announcing a second round of payments for dairy producers through the Organic Dairy Marketing Assistance Program (ODMAP), providing an additional $5 million to help dairy producers mitigate market volatility, higher input and transportation costs, and unstable feed supply and prices that have created unique hardships in the organic dairy industry.

The USDA is accepting offers for nearly 2.7 million acres from agricultural producers and private landowners through this year’s Conservation Reserve Program (CRP) Grassland sign-up.