A livestock feeder (50) includes a gravity pulled, fold-down grill (56,57) on both sides of a main frame (51) that can hold a supply of livestock feed such as a hay bale (82) therein. The fold-down grills face each other and fold down on a hay bale positioned on the floor (60) of the feeder as the hay bale is consumed by livestock such as a horse. Grill spacer bars (65,101) are positioned apart from each other to allow only the muzzle of the feeding animal to reach there through and grasp the hay. The feeder also includes a pair of pivot arms (96-99) at the base of each grill to pivot the grill toward the floor of the feeder. Each pivot arm extends from a rotatable member (69-72) connected to the frame. The rotatable members and grill are lifted to hang the grill on a pair of latches (75-78) that lock the grill in a locked upright position for loading of another bale on the feeder floor through an end gate (58,59) that is rotatably connected to the main frame. The end gate can include spacer bars (105,109) to allow livestock to reach and feed there through.