This was true several decades ago, but now about 1/3 of it used to manufacture ethanol due to the US transition to gasoline having 10% ethanol content. It is still very much true that far more of it goes to animal feed than food for humans though.
Ethanol + animal feed chart: https://i.imgur.com/1QqPTje.png
Ethanol production chart: https://i.imgur.com/3wwzkIi.png