Tennessee on-farm hay stocks totaled 530,000 tons, down 40,000 from May 1, 2021 stocks. Farmers have used 82% of their hay stocks since December 1, 2021.
Kentucky winter wheat yield of 80 bushels per acre, down from the record high yield of 87 bushels last year.
South America currently has most significant risk of yield reductions due to tight fertilizer market.