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part of the problem in comparing prices is the size of the "standard square bale" is regional. in CO when I was a kid, and in MO where I live now, the "standard" square is a 2-string bale and is considerably smaller than the "standard" bale in AZ and CA (where I just moved from. there it's a 3-string bale and it's twice the volume and size.
good green timothy hay, properly dried and densely packed in CA in a 3-string bale weighs around 105 lbs, +-10lbs. last time I checked (in June) it was running $24/bale, or around $0.23 a pound.
the same quality of hay here in MO is sold in 2-string bales weighing 40-65 lbs, as of last week, $6.50 a bale... so about $0.13 a pound.
and to make it more complicated, in some areas the "standard square bale" is a 4x4x7' bale weighing about 900-1100 lbs. in July, alfalfa in the big squares was going for $75, so around 7.5 cents a pound.
just saying the "standard square" is regional and you need to know which one you're talkiing about before you can compare prices. and that, of course, doesn't take into account how densely packed, how wet or dry, or type and quality of hay... and if you really want to know what you're getting for the price, you need to have it tested for protein, etc.
my friends in texas are used to paying by the protein content not just the weight of the bale, so a high-protien 800 lb big round might cost more than a low-protein 1000 lb bale. they were looking at buying hay here in MO and haluling it down, and were surprised that noone locally tests their hay before selling it.
YES! Thank you for explaining this so thoroughly. Years ago in Texas as a teenage girl I could easily sling those bales around; I can't even lift one here in AZ at all.