Report

Goulburn Murray Valley

20 May 2020

Chart
Table

Date	GV 23	GV 22	GV 5YA
06-Jan-23	296	190	240
13-Jan-23	303	190	240
20-Jan-23	310	190	244
27-Jan-23	318	190	246
03-Feb-23	323	190	239
10-Feb-23	333	185	236
17-Feb-23	336	185	235
24-Feb-23	338	185	233
03-Mar-23	338	185	232
10-Mar-23	343	185	231
17-Mar-23	343	185	231
24-Mar-23	343	185	231
31-Mar-23	343	185	231
07-Apr-23	343	185	230
14-Apr-23	344	186	226
21-Apr-23	345	188	230
28-Apr-23	345	188	224
05-May-23	345	188	226
12-May-23	343	188	228
19-May-23	340	188	228
26-May-23	343	188	232
02-Jun-23	343	190	232
09-Jun-23	343	191	232
16-Jun-23	342	193	233
23-Jun-23	340	193	241
30-Jun-23	335	193	241
07-Jul-23	330	193	243
14-Jul-23	330	196	246
21-Jul-23	330	198	253
28-Jul-23	320	198	253
04-Aug-23	320	198	253
11-Aug-23	315	198	274
18-Aug-23	313	198	276
25-Aug-23	310	198	276
01-Sep-23	310	198	276
08-Sep-23	315	198	274
15-Sep-23	315	195	273
22-Sep-23	315	195	266
29-Sep-23	308	195	259
06-Oct-23	300	195	259
13-Oct-23	300	195	263
20-Oct-23	295	195	252
27-Oct-23	295	195	240
03-Nov-23	295	195	244
10-Nov-23	295	195	247
17-Nov-23	295	208	243
24-Nov-23	293	245	250
01-Dec-23		252	248
08-Dec-23		258	254
15-Dec-23		268	258
22-Dec-23		278	262
29-Dec-23		290	270

Notes:

Change in price is the change since the last report. Hay quoted is sourced and delivered locally, GST exclusive unless stated otherwise. It should be noted that local prices quoted may not be the cheapest available, sourcing it from another region may be more affordable, and buyers are encouraged to evaluate all options. Prices are indicative to a mid-range shedded product, and based on the best indication of market value at the time of reporting. It should be noted there is a wide variation in quality of hay, prices for a mid-range product will not reflect the weighted average of trade. Prices will naturally vary based on the product quantity and quality, buyer/seller relationship and the size of the trade.

The hay report has been commissioned by Dairy Australia to provide an independent and timely assessment of hay markets in each dairy region. This report is created using data provided by the Australian Fodder Industry Association (AFIA). It should be remembered that actual prices may vary for quality or other reasons. Whilst all reasonable steps have been taken to ensure the accuracy of the information contained in this report, Dairy Australia disclaims all liability to the fullest extent permitted by Australian law for any inadvertent errors and for any losses or damages stemming from reliance upon its content. Dairy Australia recommends all persons seek independent advice and, where appropriate, advice from a qualified advisor before making any decisions about changes to business strategy.

Commentary

Widespread low rainfall across the region this week, with most areas seeing between 5mm and 10mm of rain and some northern parts up to 15mm of rain, though the earlier part of the week was clear and dry.
Pastures in the region remain green with strong green feed availability for livestock. The recent rain may cause some issues on low lying ground which had already had some residual high soil moisture, but some pastures that were beginning to dry out will be boosted.
Hay production in the region is delayed due to the current and forecast rain. There are reports that second cut lucerne around Shepparton may be much reduced. Comments suggest that on some properties about half of the cut crop had been baled, but the remaining cut will be downgraded due to weather damage. There is also some concern over the remaining uncut stands as they will now be much matured due to the delay.
Grain harvest is being delayed by the recent rainfall and is not expected to resume until next week at the earliest. Lentil harvest in the west of the region was completed before the rain, with good yields being reported.
Freshly planted maize crops in the north of the region have taken advantage of the recent rainfall to establish well.
With most local needs met by available pastures and on-farm storage, current demand is from the northern parts of the country that have been very dry. The recent high rainfall may temper this demand moving forward, but currently shipments are still moving up to meet need. Exporters continue to fill shipments with good quality oaten hay, though domestic buyers are also locking in deliveries for this hay.
Some change to pricing this week.
Cereal hay: -3 ($250 to $335/t). Prices decrease this week.
Lucerne hay: +/-0 ($350 to $400/t). Prices remain steady this week.
Straw: +/-0 ($90 to $105/t). Prices remain steady this week.
Pasture hay: +/-0 ($250 to $320/t). Prices remain steady this week.
Please note: Unless stated otherwise, prices are per tonne, sourced and delivered locally. The price range indicated is for feeds of varying quality with the price range generally indicative of quality of feed. We recommend feed testing and viewing of fodder before purchase to be sure of the quality of feed.