One more link on the subject:
http://www.producer.com/2013/06/chopped-hay-allows-more-digesting-bacteria/
Hmmm...may be worth a try! Just as long as the process doesn't cost more than the feed savings...
Was reading this article, has an interesting mention on hay chopping in fourth paragraph from bottom..
http://www.thebeefsite.com/articles/1190/feeding-systems-for-beef-cows