Condah Silage Grower Update, hosted by

The Australian Fodder Industry Association is the peak body for the

Australian fodder industry connecting all sectors of the supply chain from

seed to feed.

Typical Hay, Silage and Straw Demand by SectorExpressed as Dry Matter

Dairy62%

Horse6%

Beef Feedlots7%

Other - on farm13%

Export hay/straw10%

Export pellets1%

Composters1%

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011* 2012*0

1000

2000

3000

4000

5000

6000

7000

8000

9000

Australian anual hay production 1994 - 2012

Hay

*estimates based discussion with industry

Annu

al p

rodu

ction

('00

0mt)

2012/2013 Fodder market

• No carry over fodder in 2012• Low yields in 2012• Natural disasters• National fodder shortage• High demand (domestic & export market)• High prices

Dec-11

Jan-12

Feb-12

Mar-12

Apr-12

May-12

Jun-12Jul-1

2

Aug-12

Sep-12

Oct-12

Nov-12

Dec-12

Jan-13

Feb-13

Mar-13

Apr-13

May-13

Jun-13 $-

$50

$100

$150

$200

$250

$300

$350

$400

South West Vic Hay prices 2012/2013

Cereal Hay Lucerne Hay Straw Pasture Hay

Date

Aver

age

price

$/t

Del

iver

ed

What lies ahead?

• $AUD falling • Domestic market positive• Growers & contractors confident for 2013• Big fodder harvest expected in 2013