Early yields give the first clear read on new‑crop performance, showing strong quality in some areas and lighter‑than‑expected tonnage in others.

Early cuttings hint at new‑crop promise, but drought and wide quality spreads keep hay markets cautious heading into summer.

Spring markets remain cautious as drought expands, inventories tighten and buyers watch early‑season moisture closely.

Winter is loosening, but markets stay cautious as drought signals, uneven forage quality and rising input costs shape early‑spring decisions.

Winter has tightened its grip, keeping hay markets steady but cautious as producers navigate uneven quality, feeding demand and slow exports.

Winter feed demand is increasing, but hay markets stay uneven as drought and moisture recovery shape supplies.

As harvest winds down and winter edges closer, hay producers find themselves in a season of recalibration.

As of October 2025, U.S. hay and forage markets are shaped by regionally divergent drought conditions, with alfalfa prices trending lower and grass hay prices fluctuating widely.

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