Hay Market Situation in Western...
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Hay Market Situation in Western States
Seth Hoyt, The Hoyt Report
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Overview of 2013
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CA Hay Balance Sheet – 2013
Hay Supplies (my estimates)
Carry-in to 2013 1,250,000 tonsAlfalfa/other hay production 8,174,000 tons Alfalfa hay in-shipments 650,000 tons
Total Supplies - 10,074,000 tons
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Hay Usage (my estimates)Dairy cows 3,050,000 tonsMilk repl heifers +500 lbs. 625,000 tonsMilk repl heifers -500 lbs. 175,000 tonsExports 1,750,000 tonsHorses 1,950,000 tonsFed cattle 300,000 tonsBeef cows, background lots 600,000 tonsauction yards, Sheep, and others.
Total Usage - 8,450,000 tons
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Dec. 1, 2013 CA Hay Stocks - 1,624,000 tons (My Est.)
Dec. 1, 2012 CA Hay Stocks - 1,900,000 tons (USDA)
Dec. 1, 2011 CA Hay Stocks - 1,640,000 tons (USDA)
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Hay Exports
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Export Hay Demand
• Export sources say alfalfa exports to China should be strong again in 2013
• It looks like a mixed bag on exports to other countries, UAE, Japan, etc.
• Look for CA ports to outpace the PNW in 2014 but not on the near term.
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Dairy Demand and Hay Prices
• Early top quality alfalfa hay in the So. CA desert should find good demand
---Corn prices will hold a lid on hay prices in the west but another year of
--Drought would be a market changer--Early Estimate on prices in the west
• Early Supreme alfalfa hay in central CA
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Merry Christmas and
the very best in 2014
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