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Hay stocks get tighter
The USDA says the hay supply on May 1st was below year ago levels.
The total of 16.797 million tons was down 1.239 million tons on the year, due to lower production and while supplies did improve in some areas, those could be pulled dramatically lower later this year, especially in drought-stricken portions of the Plains, which would push prices higher.
Missouri, Nebraska, South Dakota, and Texas all had at least a million tons on hand at the start of the month.
Comparisons for Brownfield states:
Arkansas: 260,000 tons, compared to 240,000 a year ago
Illinois: 260,000 tons, compared to 270,000 a year ago
Indiana: 240,000 tons, compared to 150,000 a year ago
Iowa: 720,000 tons, compared to 430,000 a year ago
Kansas: 670,000 tons, compared to 910,000 a year ago
Michigan: 270,000 tons, compared to 190,000 a year ago
Minnesota: 330,000 tons, compared to 400,000 a year ago
Missouri: 1.1 million tons, compared to 1 million a year ago
Nebraska: 1.25 million tons, compared to 1 million a year ago
Ohio: 360,000 tons, compared to 210,000 a year ago
South Dakota: 1.09 million tons, compared to 2.2 million a year ago
Tennessee: 530,000 tons, compared to 570,000 a year ago
Wisconsin: 630,000 tons, compared to 570,000 a year ago
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