On Jan. 12, USDA released their Crop Production and Crop Production Annual Summary reports. Combined, they offer a glimpse of the current state of the forage industry and give us a basis as to how sensitive hay markets might be to various production pressures in 2018. U.S. hay stocks were down significantly in December, with Texas taking a drop from December 2016 numbers, reflecting national trends due to fewer acres, lower yields, and less production compared to 2016. Hay and Forage Grower takes a look at the numbers and what they could mean for hay prices in 2018. Read more…
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