Latest Market Report shows Hay Trade is Slow

Hay trade is slow, with limited demand. We still have not been able to find our footing regarding pricing. Oklahoma is still trying to catch up with getting hay cut or out of the field. Due to the rainfall, they keep having to put off time in
the field along with wheat harvest.

We still have producers trying to restock their inventory from last year’s drought. We continue to receive rainfall across the state, but it has mainly been in western Oklahoma. While we need rain in western Oklahoma, the northcentral and eastern part of Oklahoma is beginning to need widespread showers as drought beings move in over those areas.

The Oklahoma Mesonet Drought Monitor shows we are at 0.52 percent in exceptional drought, 4.79 percent in an extreme drought, 16.59 percent in severe drought, 41.91 percent in moderate, 73.21 percent in abnormally dry conditions, 26.79 percent that has no drought conditions.

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