Analyzing the wheat feed consumption data in North America from 2014 to 2023, we observe significant fluctuations. The consumption peaked in 2016 at 8.9 million metric tons, followed by a sharp decline in 2017, with subsequent years showing gradual decreases. In 2023, the wheat feed consumption stood at 4.42 million metric tons, marking a decline of 2.1% from the previous year. The average decline per year over the last five years (CAGR) is -1.63%.
Future trends to watch for include potential impacts of climate change on crop yields, possible shifts in agricultural policies favoring alternative feed grains, and advancements in feed efficiency technologies. Monitoring these trends is crucial for anticipating further changes in wheat feed demand.
