China is exerting a major influence on many of the world’s commodity markets and the hay market is no exception. The country plans to double its milk production in the next five years, a move that will require it to import quality hay, says veteran hay market analyst Seth Hoyt, author of The Hoyt Report. This is just one segment of Hoyt’s presentation at this year’s Forage Seminar at the World Ag Expo in Tulare, CA. For price predictions from Hoyt, read our story, "Expect Softer Western Alfalfa-Hay Prices."
Video by Forrest Laws, Director of Content, Penton Media