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USDA Montana Hay                                   03/15 12:55
AMS_2769
 
Montana Direct Hay Report

                               Released on March 15, 2024
 
Direct Hay Weighted Average Report for week ending 03/15/2024
 
                                      VOLUME
                    This Week         Last Reported         Last Year
                                       (03/04/2024)
Tons:
      Hay           790                 1468                705                 
      Straw                                                 55                  
----------------------------------------------------------------------
      Total         790                 1468                760                 
======================================================================

Compared to last week: Hay sold generally steady.
Hay sales were very light this week.
Light demand is being seen for feeder quality hay as ranchers continue 
to wait and see how much and if spring rains fall.
Producers are content to sit on supplies as well, as many are betting 
on it being dry or in short supply somewhere in the state or surrounding 
states.
Supplies of utility and fair quality hay are very high.
Hay testing over 150 relative feed value is selling with the best demand 
as supplies of Good and higher quality hay are the lightest.
High test hay (Premium and Supreme) is in very short supply.
The best demand for feeder quality (utility and fair) hay remains around 
$150.00/ton delivered.
Demand for straw is light as heavy straw supplies continue to be seen 
especially in the northern portion of the state.
Mild weather and not much snow has kept both straw and hay usage low.
Single load sales of straw continue to move at steady money from time 
to time, however many producers have lowered asking prices in an attempt 
to move volume as supplies remain high.
According to the drought monitor 42.83% of the state is in Moderate drought 
or worse, down 5.77% from last week.
19.66% of the state is in an Severe drought or worse, down 2.32% from 
last week.
2.36% of the state is in Extreme drought or worse, unchanged from last week.
According to USDA NRCS the Snow water equivalent percent of normal remain 
well below normal.
Montana's basins are from 61%-94% of normal, with the lowest basin being 
the Sun-Teton-Marias basin and the higher percent of normal being 
the Big Horn basin.

--------------------------------------------------------------------------------
                                   N/A
--------------------------------------------------------------------------------
Hay Conventional
--------------------------------------------------------------------------------
Alfalfa Fair Per Ton
                        Qty   Price Range Wtd    Freight/   Description Crop Age
                                          Avg    Use
                        ---   ----------- ---    ---------- ----------- --------
 Large Square 3x4       230   125.0-130.0 128.26 F.O.B.                         

Alfalfa Good Per Ton
                        Qty   Price Range Wtd    Freight/   Description Crop Age
                                          Avg    Use
                        ---   ----------- ---    ---------- ----------- --------
 Large Square 3x4       60        150.0   150    F.O.B.                         

Alfalfa Utility Per Ton
                        Qty   Price Range Wtd    Freight/   Description Crop Age
                                          Avg    Use
                        ---   ----------- ---    ---------- ----------- --------
 Large Square 3x4       500       100.0   100    F.O.B.

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