Inventory in U.S. haymows on May 1 jumped 47% from a year ago. Based on USDA’s Crop Production report released last week, May 1 year-over-year hay stocks rose by 6.7 million tons. This follows three consecutive years of May 1 inventory declines.
Hay stocks currently stand at just over 21 million tons. This past December, year-over-year hay stocks jumped by nearly 5 million tons.
The recent May 1 hay stocks estimate is the highest reported since 2017 when the nation’s hay inventory totaled 24.39 million tons.
May 14, 2024
By Mike Rankin
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