The USDA says the hay supply on May 1st was below year ago levels.
The total of 16.797 million tons was down 1.239 million tons on the year, due to lower production and while supplies did improve in some areas, those could be pulled dramatically lower later this year, especially in drought-stricken portions of the Plains, which would push prices higher.
Missouri, Nebraska, South Dakota, and Texas all had at least a million tons on hand at the start of the month.
