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The alfalfa seed supply is improving after some varieties were tight over the past year. A Midwest Forage Association newsletter update said prices for elite alfalfa varieties are expected to rise modestly, while economy brands and blends will see larger increases due to limited supplies and higher production costs.
Better seed availability eases forage establishment costs for hay growers, but higher prices for economy seed and blends keep pressure on forage production costs for feed buyers.
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.