The forecast for Sorghum Feed and Residual in the US indicates a steady decline from 2024 to 2028. Starting at 993,000 metric tons in 2024, the volume decreases significantly every year, reaching 224,000 metric tons by 2028. The year-on-year percentage variation indicates a consistent downward trajectory, with sharp declines each year. In 2023, it stood at 1,190,000 metric tons. The compound annual growth rate (CAGR) for this period suggests an average annual decrease in demand.
Future trends to watch for include:
- Potential shifts in livestock feeding practices that could affect sorghum demand.
- Changes in agricultural policies or subsidies that might influence production and consumption.
- Developments in alternative crops or feed solutions reducing reliance on sorghum.