The forecast for wheat feed and residual in the US from 2024 to 2028 shows a gradual decline in volume. The figures, measured in million metric tons, are expected to decrease from 2.65 in 2024 to 2.56 in 2028. In 2023, the volume was 2.7 million metric tons. This indicates a year-on-year percentage decline, averaging -0.86% over the forecasted years, with a compound annual growth rate (CAGR) of -1.06% over the last five years, including actual data from previous years.
Future trends to watch for:
- Shifts in livestock production impacting feed demand.
- Alternative feed materials affecting wheat usage.
- Government policies influencing agricultural outputs and supply chains.
- Climate change impacts on wheat production levels.
