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New-season hay is being cut in south-western New South Wales, where stocks in south-eastern Australia are at their lowest level on record. The shortage follows a dry 2024 and early 2025, flood-related demand and high livestock prices.
Very low hay stocks keep fodder costs high for livestock producers, and new-season supply will gradually ease that pressure.
After 96 past weather events, Oats moved a median -0.2% over 5 sessions (49% higher; middle half -3.5% to +4.3%), and -0.3% over 20.
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.