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Dry summer weather left hay supplies short in the US beef region this winter. Fall grazing on crop aftermath eased the shortage somewhat.
Producers are weighing feed inventory against cattle numbers and considering alternative feedstuffs ahead of spring grass turnout.
Tight hay supplies raise the cost of forage and can push cattle producers toward purchased feed, which supports demand for alternative feedstuffs. Cattle herd decisions made now affect future feed demand.
tsln.comKris RingwallJan 12, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
