OCTOBER rain and frost has brought on an abundance of hay supply this season.
In an ill fated twist to what was a bumper grain growing season, many growers have been cutting crops for hay to salvage what they could in the aftermath of the severe frost that iced over the North East and southern NSW last month.
Hay prices virtually dropped $50 a tonne overnight once grain growers bit the bullet to get some financial return.
In turn, the market has been flooded with large quantities of hay rounds, fit for cattle consumption.
But this shouldn’t affect quality hay prices too much, according to Arthur Parker of Parkers Hay in Oxley.
Mr Parker, who also had failed frost bitten wheat crops, said hay that has the quality for horse consumption will hold its value better.
“Horse hay costs between $12-$15 per small square, as opposed to hay for cattle that costs about $10,” Mr Parker said.