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