“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.

Larger harvests are impacting dry hay markets in many regions as 2024 comes to a close. On-farm hay inventories, new seeding estimates and production summaries for all forage crops will provide a clearer picture in early January.

How much hay do you need for this winter? The answer to this question depends on several factors. How long do you expect to feed hay? How big are the cows? Are the cows lactating or not? How much hay will be lost because of storage and feeding losses?

There are many different opinions regarding the U.S. cattle herd and what 2024 will hold for inventory levels. While some believe rapid regrowth is right around the corner and even underway, others are hesitant that regrowth of the herd from historic lows will be a slow and potentially delayed process.

There are important considerations surrounding feeding decisions when hay supplies are limited.

Reducing hay storage loss and feeding waste are always beneficial, but given limited forage supplies and the price of hay, this year they are even more critical.