The May USDA Crop Report showed hay stocks as of May 1 at 24.4 million tons, that’s a three percent decline or 750,000 tons less than last May, but remains as the third largest inventory since 2005.
Disappearance from December 1, 2016 – May1, 2017 totaled 71.4 million tons, compared with 69.9 million tons for the same period a year earlier.
With the exception of Nevada, hay stocks in most western States are estimated lower than in 2016. The majority of the eastern States reported higher stocks compared to the previous year due to the mild winter.
May 2017 Iowa hay stocks on farms totaled 630,000 tons, up from 620,000 tons in May of 2016.