Same here, if we do not get a break, price will go up, quality down. There are a bunch of nice stands of hay near me, were just about right, but impossible to bale until this rain lets up.
You lose nutrition, coarse and stalky, though, timothy is usually heads out later, that helps, but the darned rain needs to cease. Some around here were able to get a crop in, early or on time, at the end of May, but it was so dry, what would usually be an ideal cutting, was stunted, so there was not enough in the fields. I think it varied, hill fields not as moist, some hay producers, posted photos of their crop then, while listing for sale, some nice hay, but no one has made any since, rain and 90% humidity has been a constant for the month of June.