We've had similar issues here. We had a lot of rain while everyone was doing their first cutting so a lot of it got rained on...and now we can't seem to buy a decent night of rain (we get a sprinkle here and there, usually less than .1 of an inch
). So, the first cutting isn't any good for horses...and the second cutting is still a long ways off because nothing's growing due to lack of rain.
I honestly couldn't tell you how much our hay runs per bale as we buy by the ton. Last load I bought was about $200 a ton for decent/good quality grass. Alfalfa can't be found for less than $500 a ton. When you're feeding 3+ tons a month, that's hard to swallow.