A round baler comprising: a housing; a gate rotatably attached to the housing about a gate rotation axis for movement between a closed position for forming a bale within an interior region, an open position for discharging the bale from the interior region, and at least one intermediate position disposed between the closed position and the open position; wherein the housing and the gate cooperate to define the interior region; a bale formation system disposed within the interior region and operable to form a bale having a circular cylindrical shape having a first circular end face and a second circular end face disposed at opposing ends of the bale relative to a centerline of the cylindrical shape, with the centerline of the cylindrical shape generally parallel with the gate rotation axis during formation of the bale by the bale formation system; a bale holder (76A, 76B) attached to and moveable with the gate, the bale holder (76A, 76B) including a retractable member moveable between an engaged position operable to grasp the bale and move the bale with the gate, and a disengaged position operable to release the bale relative to the gate, wherein the retractable member is positioned to grasp the first circular end face of the bale within the interior region at a contact location, with the contact location disposed rearward of a vertical reference plane passing through the centerline of the bale when the bale is disposed within the interior region and the gate is disposed in the closed position, characterized in that the retractable member is moveable relative to the gate based on a diameter of the bale to change the position of the contact location when the gate is disposed in the closed position. a housing; a gate rotatably attached to the housing about a gate rotation axis for movement between a closed position for forming a bale within an interior region, an open position for discharging the bale from the interior region, and at least one intermediate position disposed between the closed position and the open position; wherein the housing and the gate cooperate to define the interior region; a bale formation system disposed within the interior region and operable to form a bale having a circular cylindrical shape having a first circular end face and a second circular end face disposed at opposing ends of the bale relative to a centerline of the cylindrical shape, with the centerline of the cylindrical shape generally parallel with the gate rotation axis during formation of the bale by the bale formation system; a bale holder (76A, 76B) attached to and moveable with the gate, the bale holder (76A, 76B) including a retractable member moveable between an engaged position operable to grasp the bale and move the bale with the gate, and a disengaged position operable to release the bale relative to the gate, wherein the retractable member is positioned to grasp the first circular end face of the bale within the interior region at a contact location, with the contact location disposed rearward of a vertical reference plane passing through the centerline of the bale when the bale is disposed within the interior region and the gate is disposed in the closed position,