Big Bale Alfalfa © 2011 - ACX
Alfalfa prices in the USA are based purely on market conditions driven primarily by domestic dairies. So far in 2011, alfalfa prices have been somewhat volatile. This is the result of lack of carry-over hay supplies from 2010 and increasing demand for alfalfa in all market sectors. Furthermore, prices of alfalfa have not yet settled because of the long, cool spring and unseasonal rains.
Hay export, that is, the export of U.S.-grown forage and roughage products, began primarily in 1970′s and 1980′s with alfalfa cubes destined for Japan. Within a few short years, the hay export market demanded long-fiber product, not just cubes. The 1990′s saw the expansion of dairy industries in South Korea and Tawan. It wasn’t until the late 2000′s that we saw the burgeoning demand for Western U.S. alfalfa in China and the UAE.
Most hay exported to Asian markets is used for the dairy sector but is also used for beef cows and horses. Hay exported to the Middle East is primarily used to feed these same animals as well as camels and goats.
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