This year, the United States has become the most hay major agricultural commodity, which in some states in the rate of price growth was significantly ahead soybeans and corn, writes The Financial Times. Hay prices the national average could reach record levels, but in Iowa, they are generally able to exceed $ 300 per ton - is 150% higher than last year.
Increased prices for hay in the United States because of the unprecedented drought. That's just because of the herd of cattle normally graze absolutely can not, because the grass in the pastures mostly all burnt. Per animal hay stock reached a low for more than a quarter century.
In the U.S., the results were also hay for the last thirty-six years the worst. Hay pellets farmers have to buy from the north, and it is in Canada from Manitoba. U.S. Department of Agriculture as an emergency measure to livestock is allowed to use canned field. It must be said that the area of these land resources in general will be about one and a half million acres.
In the U.S., almost all crops is very strong and sharply rose. But futures hay does not exist, and therefore, it will be possible to measure the market's price. In general, hay pellets in different shapes and sizes, and, of course, the content of specific herbs. Price will be set based on results from just between the seller and the buyer in a particular agricultural market.