date:Jan 31, 2013
national F.C. Stone. The U.S. imports small amounts of hay not even a full percentage point of its total supply from Canada and Mexico, so it is clear that the domestic market determines prices. Buyers utilize auctions and private contracts to obtain hay; there is no futures market offering price discovery.
Prices will remain elevated at historic levels and the ability to find hay could be an issue, Mr. Brooks said. He pointed to another current drought-related hindrance to cattle foraging: