Tight Hay Supplies Expected

Bridon Cordage / April 1, 2014

Prospective Plantings, developed by the National Agriculture Statistics Service (NASS), National Statistics Board and the United States Department of Agriculture (USDA), was approved March 31, 2014. Here are a few highlights:

Corn planted acreage is down 4 percent from 2013.
Soybean acreage is down 6 percent from 2013.
All wheat acreage is down 1 percent.
And cotton acreage is up 7 percent.

This past winter of 2013–14 was the coldest winter since 1978–79 for the following states: Illinois, Indiana, Iowa, Minnesota, Missouri and Wisconsin. For Michigan it was the coldest since 1976–77. These frigid temperatures and heavy snowfall resulted in stressful conditions for livestock.

In addition, hay producers intend to harvest 58.3 million acres of hay in 2014, which is up just slightly from 2013. However, hay acreage is expected to decrease across the northern and central Great Plains resulting in record-low acreage in Iowa, Michigan, Nebraska and New Hampshire, while record-high acreage is expected in Florida, Oklahoma and Texas.

Overall it’s expected that hay acreage will rebound thanks to historically strong hay prices, falling corn prices and improved prospects in the beef and dairy production sectors. Stay tuned for more news. Follow the Bridon Cordage blog for updates.