I've got right at $35 a bale tied up in this season's crop, that includes fertilizer, the haycutter's expense, and the lease for the hay meadow.
Open market hay prices vary season to season due to weather conditions. Drought=little to no hay versus normal to above average rainfall=normal to abundant supplies. Hay quality can also be factored with prairie hay being less desirable than pure coastal bermuda.
Due to the above average rain this year in our area, my hay is worth what I've got in it. I plan on holding on to it and see what happens this winter. A lot of ranchers downsized do to last years drought. From what I'm hearing, many are restocking heavily. I hope to sell 50 bales in early 2008 when the demand is higer.
I generally try to have two feeding seasons on hand at all time. For my small operation that's only 60 to 70 bales.
I hope to get $40 to $45 a bale because my hay is good quality coastal. I don't believe in taking advantage of people trying to feed their animals. I would like to recover my fertilizer expenses and use that money for next years crop.
I have seen horrible quality hay in 6ft rolls like mine go for $95 to $100 a roll during the bad times and that just makes me sick.
Wayne