Hay Markets

Montana Hay Report

Direct Hay Weighted Average Report for week ending 9/19/2025

Compared to last report(9-05-25): Hay sold generally steady to 10.00 lower. Demand was mostly light to moderate on moderate to heavy supplies. Supplies of grain hay remain heavy. Late summer rains have helped with fall regrowth in many locations and demand for hay has softened slightly. Rain has also led to excess supplies of utility and fair quality hay as many fields were rained on prior to getting baled. Hay prices remain the highest in Northern Montana, however prices even along the highline have softened slightly. Some producers and ranchers are attempting to get an additional cutting of hay along the highline as late summer rains helped spur enough regrowth to justify another cutting. Straw sold fully steady. Market activity was mostly moderate this secession. According to the drought monitor 36.84% of the state is in Moderate drought or worse, down 5.11% from 2 weeks ago. 22.92% of the state is in an Severe drought or worse, up 0.52% from 2 weeks ago. 8.55% of the state is in Extreme drought or worse, up 0.31% from 2 weeks ago. 0% of the state is in Expectational drought, unchanged from 2 weeks ago. Notably, 54.99% of the state is abnormally dry, up 2.28% from 2 weeks ago. 

Wyoming Hay Report

Direct Hay Weighted Average Report for week ending 9/19/2025

Compared to two weeks ago, most hay sales sold steady. Demand was moderate. This week’s trades were a pretty even mix of hay going to ranches, feedlots, and dairies. Dairy quality alfalfa hay is bringing around 1.00 per point RFV. Grinder quality alfalfa moving to the feedlots are delivering at low values. Ranch hay is bringing a significant premium over what feedlots are offering. Recent storms are hitting areas where 3rd cutting hay is on the ground and delaying corn silage harvest that’s underway.