Hay prices climb across the Plains as drought trims the final cutting

Hay prices are rising across much of the Plains after a dry late summer cut into the final cutting. Brokers in Kansas, Nebraska and the Dakotas report quality alfalfa trading well above year-ago levels, with premium dairy hay commanding the steepest increases.

Cattle producers are feeling the squeeze first. Several ranchers said they are culling deeper than planned or locking in winter supply early rather than gambling on prices easing later in the season.

Transportation is adding to the cost. Freight rates for long-haul hay remain elevated, and buyers sourcing from outside the region are seeing delivered prices rise faster than the hay itself.

Market watchers say a wet fall could stabilize prices for lower-quality grass hay, but premium alfalfa is likely to stay tight through winter.