News — Trade

Washington Hay Production Decline: Drought, Strong Dollar, and Shifting Markets (2000–2024)

Washington Hay Production Decline: Drought, Strong Dollar, and Shifting Markets (2000–2024)

Washington hay production has fallen nearly 25% since the early 2000s, a decline driven by both drought and economics. This chart traces that shift, showing how repeated years of severe drought and a strong U.S. dollar since 2022 have squeezed growers from two sides—reducing yields at home and pricing out key export buyers abroad. As traditional export markets weaken, Washington’s hay industry is steadily pivoting toward higher-value domestic markets, where resilience, efficiency, and quality matter more than sheer tonnage.


Trading Hay - Exchange Rates

Trading Hay - Exchange Rates

Hay exports from the U.S. to Japan have been exceptionally weak. Japan represents 29% of U.S. hay exports. Comparing January through August of 2023 to the same period a year earlier, exports are down 38% or 351,000 metric tons. 

Hay Exports to South Korea - USDA Misses the Mark

Hay Exports to South Korea - USDA Misses the Mark

Hay Kings is calling on the USDA FAS to issue a report discussing factors affecting demand for U.S. hay in the largest export destinations: China, Japan, South Korea, Taiwan, Saudi Arabia and the UAE. Additionally, the USDA AMS should recognize that exchange rates are always important to agricultural exports, market structures are complex and the hay industry is based on long-standing interpersonal relationships.

 


Hay Kings Weekly Newsletter - Mississippi River Shipping - Hay and Drought

Hay Kings Weekly Newsletter - Mississippi River Shipping - Hay and Drought

Hay Kings Podcast
Checkout the latest Hay Kings Podcast episodes:
HAY KINGS PODCAST: THINGS I WISH I KNEW STARTING A CUSTOM HAY OPERATION (S4:E10) →
HAY KINGS PODCAST: 2022 WORLD ALFALFA CONGRESS - DR. DAN PUTMAN (S4:E11) →
Low Water Mark
  • The Mississippi river is at it's 8th lowest level on record.
  • 550 miles of the lower Mississippi is under a low water advisory. 
  • Barge companies declare force majeure
  • What's going on with Shipping - Lower Mississippi River Closes 
...


Trade Specs - Phase One and Timothy

Trade Specs - Phase One and Timothy

April 15 marks the deadline for the US and China  to finalize export protocols for forage projects.