I've been out of hay for a couple years, so I'm not really up on current prices. I know they vary a bit based on who you're selling to and where (horse people in Peoria vs. cow people out in the rural farm area where we live). This year's drought has driven prices up, too.
I'll probably get $4/bale for the third cut since it's at least 50-60% alfalfa. $3/bale is more typical in my area. My second cut is pretty poor quality, and I sold one rack already for $1/bale - will be happy to sell the other two racks for the same.
Good alfalfa/grass hay will go for $5-6/bale or more down closer to Peoria...
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