In 2023, the actual wheat feed value in the US was 2.15 million metric tons, marking a year-on-year decline of 3.2%. This follows a general downward trend observed from 2019, where the Compound Annual Growth Rate (CAGR) over the last five years was -3.88%. Between 2014 and 2023, wheat feed volumes experienced significant fluctuations, notably rising from 4.14 million metric tons in 2015 to 5.17 million metric tons in 2016, before dramatically dropping by 75.13% to 1.29 million metric tons in 2017.
Future projections indicate a continuation of this decline, with an expected CAGR of -3.01% leading to a forecasted volume of 1.78 million metric tons by 2028. This predicts a 14.17% reduction in wheat feed volume over the next five years.
Future trends to watch for include:
- Shifts in agricultural policies and subsidies that could affect wheat production.
- Climate change impacts, such as droughts or floods, influencing wheat yields.
- Evolution of consumer preferences towards alternative feed grains or protein sources.
- Global trade dynamics and potential constraints from international trade agreements.
- Technological advancements in feed efficiency and crop yield optimization.
