The historical data indicates significant variability in the US soybeans feed consumption over the past decade. Despite a notable peak at 5.06 million metric tons in 2015 and volatility in subsequent years, the trend demonstrates a general decline, standing at 1.64 million metric tons in 2023. The decreasing trend from 2020 onwards shows a year-on-year reduction, with the most recent data indicating a 6.65% drop from 2022 to 2023.
Future projections reflect a continuous decline, with a forecasted CAGR of -7.36% over the next five years, reaching an estimated 1.03 million metric tons by 2028. This suggests an overall reduction of 31.77% from the current level. It is critical to monitor factors such as changing agricultural practices, feed technology advancements, and market demands that could influence these projections.
