The Call.

• PASSRock Valley Utility/Fair stays at or below $151/ton (avg of Utility-grade trades)realized 120.62, needed <= 151
• MISSRock Valley Supreme stays above $195/ton (avg of Supreme-grade trades)realized 195.0, needed > 195
• PASSQuality spread holds or widens (baseline $76)realized 150, needed >= 76

Why it graded this wayTwo of three held: Utility/Fair came in at 120.62, well under the 151 ceiling, and the quality spread widened to 150 against a 76 baseline. Supreme landed at exactly 195.0, which missed a call needing more than 195.

• PASSRock Valley Utility/Fair stays at or below $152/ton (avg of Utility-grade trades)realized 137.5, needed <= 152

Why it graded this wayThe call held. Rock Valley Utility/Fair needed to stay at or below $152/ton, and it came in at 137.5, a clear margin under the line, so this one grades correct for buyers of the low-grade stuff.

• PASSRock Valley Utility/Fair stays at or below $162/ton (avg of Utility-grade trades)realized 107.5, needed <= 162
• PASSRock Valley Supreme stays above $200/ton (avg of Supreme-grade trades)realized 206.67, needed > 200
• PASSQuality spread holds or widens (baseline $75)realized 125, needed >= 75

• PASSRock Valley Utility/Fair stays at or below $130/ton (avg of Utility-grade trades)realized 130.0, needed <= 130
• PASSRock Valley Supreme stays above $186/ton (avg of Supreme-grade trades)realized 211.67, needed > 186
• MISSQuality spread holds or widens (baseline $97)realized 90, needed >= 97

• PASSRock Valley Utility/Fair stays at or below $141/ton (avg of Utility-grade trades)realized 135.83, needed <= 141

Benchmark $267 -> $219 (-18.0%)

predicted steady.

• PASSRock Valley Utility/Fair stays at or below $152/ton (avg of Utility-grade trades)realized 126.25, needed <= 152
• PASSRock Valley Supreme stays above $186/ton (avg of Supreme-grade trades)realized 208.14, needed > 186
• PASSQuality spread holds or widens (baseline $86)realized 120, needed >= 86

• PASSRock Valley Utility/Fair stays at or below $152/ton (avg of Utility-grade trades)realized 126.25, needed <= 152
• PASSRock Valley Supreme stays above $186/ton (avg of Supreme-grade trades)realized 208.14, needed > 186
• PASSQuality spread holds or widens (baseline $86)realized 120, needed >= 86

Not graded — no usable Rock Valley report landed within the grade window (2026-07-10 ±7 days). Recorded as no data: not a win, not a loss.

Not graded — Rock Valley — the auction our graded quality levels come from — published no fresh quality trades this week

declared a data-gap week rather than grading the composition-noisy benchmark.

Benchmark $196 -> $206 (+4.7%)

predicted steady.

• MISSRock Valley Premium/Supreme alfalfa stays above $200/ton (avg of Supreme-grade trades)realized 196.06, needed > 200
• PASSRock Valley Utility/Fair stays below $135/ton (avg of Utility-grade trades)realized 101.88, needed < 135
• PASSQuality spread holds or widens (baseline $166 on 2026-05-18)realized 184, needed >= 166

• GradingRock Valley Utility/Fair stays at or below $135/ton (avg of Utility-grade trades)
• GradingRock Valley Supreme stays above $183/ton (avg of Supreme-grade trades)
• GradingQuality spread holds or widens (baseline $132)

Rock Valley Utility/Fair sits at $120.62 per ton and Supreme at $195.00 per ton, a quality spread of 150, and the benchmark at $212/ton is easing. Nebraska is the only state softening this week, with none firming, so the top end is where the give is. Demand still has a floor: cattle on feed at 11.12M head, +1.8% vs a year ago, with strong demand in California, Colorado, Wyoming and Montana. Diesel at $5.97/gal, up $0.37 week over week, taxes distant loads even as hay stocks at 23.3M tons across 48 states tighten.

• GradingRock Valley Utility/Fair stays at or below $154/ton (avg of Utility-grade trades)
• GradingRock Valley Supreme stays above $198/ton (avg of Supreme-grade trades)
• GradingQuality spread holds or widens (baseline $77)

Rock Valley's Utility anchor sits at $137.50 per ton and Supreme at $210.89, with the quality spread at 88 points, and the benchmark is rising near $220 per ton. Nebraska is firming and pulling hard, joined by strong demand out of California, Colorado, Wyoming, and Montana. The demand floor holds with cattle on feed at 11.12M head, up 1.8 percent from a year ago, while hay stocks at 23.3M tons across 48 states keep tightening. Diesel eased to $5.60 per gallon, down $0.05, trimming delivered cost, but that does little against thin supply and steady buyers.

• GradingRock Valley Utility/Fair stays at or below $160/ton (avg of Utility-grade trades)
• GradingRock Valley Supreme stays above $194/ton (avg of Supreme-grade trades)
• GradingQuality spread holds or widens (baseline $74)

The Rock Valley benchmark sits at $211 per ton and reads flat, with the quality spread holding at $88 per ton, so neither end is pulling hard. Nebraska is the lone state firming, but demand stays broad across California, Colorado, Wyoming, and Montana. Cattle on feed at 11.12M head, up 1.8% from a year ago, keeps a demand floor under things, while hay stocks of 23.3M tons across 48 states are tightening. Diesel at $5.65 per gallon, up $0.20, adds cost to delivered loads.