Predicting Current and Future Alfalfa Hay Prices in Seven Western States

Authors

Dillon M. Feuz, Utah State UniversityFollow
Ryan Larsen, Utah State UniversityFollow

Document Type

Factsheet

Publisher

Utah State University Extension

Publication Date

11-9-2023

First Page

1

Last Page

7

Abstract

Alfalfa hay prices were analyzed in the seven western states. Utah hay prices were most closely correlated with Oregon and Washington hay prices. Corn grain, feeder cattle, and milk prices all impact alfalfa hay prices, as do the May 1 USDA hay stocks and alfalfa hay exports. Using these price relationships, an alfalfa hay pricing tool was developed to predict hay prices up to 9 months into the future.

Recommended Citation

Feuz, D., & Larsen, R. (2023). Predicting current and future alfalfa hay prices in seven western states [Fact sheet]. Utah State University Extension.