
Kansas hay supplies remain tight, with prices rising in some areas, according to the November 7 market report. Livestock feeders are using failed corn and milo to reduce alfalfa use as prices rise, while demand for alfalfa pellets is strong and supplies remain limited.
Tight hay and pellet availability supports alfalfa prices and raises feed costs for livestock operations. Substituting failed corn and milo for alfalfa shifts demand toward those feed ingredients, though the report gives no clear price direction for them.
Not 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.