Here’s a review of what we do know about hay and forage markets as you continue to look for answers.

The July Feed Outlook report shows record-high U.S. corn production is projected for the 2025-26 marketing year, based on the season’s first survey-based corn-yield forecast of the year and updated area estimates from the USDA National Agricultural Statistics Service.

Here’s a review of what we do know about hay and forage markets as you continue to look for answers.

The July Feed Outlook report shows new data shape expectations for a net decrease for new-crop feed grains production, relative to the prior projections informed by the March-released Prospective Plantings report.

Here is a look at where forage markets stand as producers keep scanning the horizon for answers.

The June Feed Outlook report shows corn ending stocks for 2024-25 are lowered as export outlook strengthens. Ahead of the end of June USDA National Agricultural Statistics Service Grain Stocks report and Acreage reports, limited changes to the 2024-25 and 2025-26 balance sheets are described in the mid-June World Agricultural Supply and Demand Estimates (WASDE) report.

The forage market continues to be influenced by several key factors including drought conditions, fluctuating hay prices and continuing trade policies.

The May Feed Outlook report shows record-high 2025-26 U.S. corn supplies support elevated corn exports. U.S. old and new corn crop export forecasts are both raised this month on increased price competitiveness and the slower-than-expected pace of shipments from Argentina and Brazil.

The April Feed Outlook report shows the U.S. corn exports boost 2024-25 global coarse grains trade prospects. U.S. 2024-25 corn ending stocks are expected to be 75 million bushels lower this month at 1.465 billion bushels. The lower ending stocks follow an increase in exports partially offset by a decrease in feed and residual use, based on second-quarter disappearance.