Depends how wet the bales are and how large you make the bales.  Anything I wrap I need a bale on the 3 point of my loader tractor which says it is 2500 lb lift capacity.  Terrain is another issue. Rated capacity is on a dead level hard surface.  Anything around 2200 lb or more I get the 3000 lb track loader to put them on the wrapper. 5x5 dry hay bales are probably 1200-1300 lb. You will most likely need a bale on the 3 point to carry the same size wet bale if you can lift it at all. Carry it low.