Oklahoma's Latest Farm
And Ranch News
Tuesday, August 16, 2022
Hay Supplies Tight; Record Hay Prices Result
Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Mark Johnson. Today, Dr. Peel talks about drought-induced reduction in hay production.

The August Crop Production report released recently by USDA-NASS included forecasts for hay production in selected states and the U.S. Total production of alfalfa hay in 2022 is forecast at 49.1 million tons, down 0.3 percent from 2021 levels and 13.6 percent below the ten-year average from 2011-2020. All other hay production for 2022 is forecast at 67.7 million tons, down 4.6 percent year over year and down 7.4 percent from the ten-year average. Total 2022 U.S. hay production is forecast at 116.8 million tons, down 2.9 percent from one year ago and down 10.1 percent from the 2011-2020 average. Alfalfa and other hay prices are forecast at record levels in 2022.

Drought reduced hay production in 2021 with continued impacts in 2022. May 1 hay stocks were down 6.9 percent year over year but were down 16.9 percent from the 2011-2020 average. The total hay supply for the 2022-2023 hay crop year (May-April) is the sum of May 1 (beginning) hay stocks and 2022 hay production. The total hay supply is projected to be down 3.4 percent year over year and is down 11.0 percent from the ten-year average (Table ).

Among six of the top ten hay states, either reduced May 1 stocks or reduced 2022 hay production or both are contributing to significant reductions in hay supplies (Table 1). Low May 1 stocks reflects carryover drought impacts from 2021. Reduced 2022 hay production is the result of drought and/or high input costs including fertilizer and fuel. The effects are cumulative.

We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-

if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
Sponsor Spotlight

The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry. With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.

Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."

To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website. For more information- call 405-235-4391.

Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is a big reason why Oklahoma is on track to become a top 10 state. 

The Road to Rural Prosperity dives into these stories, bringing you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America. 

The Road to Rural Prosperity is here to tell stories about rural America, for rural America.

KC Sheperd visits with Dakota Moss of Livestock Risk Services. When the pandemic hit in 2020 the cattle markets along with the rest of the world suffered. Many farmers and ranchers altered their marketing plans on crops and livestock to try and prevent a loss in the down Covid markets. This led to cattle being held months longer than planned hoping for a better market. Unfortunately for many farmers and ranchers they had no choice but to sell much heavier cattle into a down market. Resulting in a lower $/cwt price and profits lost. Sheperd and Moss discuss some alternative options for producers with the Livestock Risk Protection program.

Search for Road to Rural Prosperity and subscribe on your favorite Podcast platform.

To hear this podcast, you can click here or tap below:

For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- at NO Charge!

We also appreciate our Market Links Sponsor - OKC West Livestock! 

We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless!
Reach Out To Us:
Tim West
President/General Manager
Rural Oklahoma Networks



Mike Henderson
Director of Sales


KC Sheperd
Farm Director
Radio Oklahoma Ag Network

Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network