North American demand for animal feed remains despite COVID-19

Published Mar 17, 2021

Tridge summary

The Institute for Feed Education and Research (IFEEDER) report reveals that in 2019, around 284 million tons of feed were consumed by farm and pet animals in the United States, with cattle meat, pork, and chicken being the main consumers. According to Decision Innovation Solutions (DIS), which conducted the study, 5836 factories were involved in the production of at least 283.8 million tons of animal feed. The coronavirus pandemic is predicted to negatively impact production growth, with a possible decrease in animal feed production by 4.5% in 2025 in a worst-case scenario, or a 2.5% increase in a best-case scenario, depending on the effects on processing and slaughter.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The latest report by the Institute for Feed Education and Research (IFEEDER) indicates that farm animals and pet animals in the United States consumed nearly 284 million tons of feed in 2019. The report also provides an expert economic analysis on how the coronavirus pandemic could affect production growth over the next five years. Decision Innovation Solutions (DIS), the economics and analysis company that conducted the study, points out that 5836 factories produced at least 283.8 million tons of animal feed in 2019. The three main feed consumers were: cattle meat with 64.5 million t, pork with 61.8 million t and chickens for fattening with 60.8 million t. Of the 61.8 million tonnes of pig feed in 2019, about 60% was corn. Soy flour, DDGs and corn accounted for almost 80% of total pig feed in 2019. Other basic products comprising at least 1% include wheat and wheat bran, wheat, corn gluten, sub-flour. animal products, other processed vegetable by-products, fats and oils, sorghum ...

Source: 3tres3