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When I got my first chickens they came with a metal trash can full of feed. The lid of the can was dished in so it would have held water instead of shedding it. I had the can in the corner of the run. It was fine for a couple of months, until the cold weather hit. One frigid morning I went out to feed the chickens and discovered the center part of the feed was soaking wet. When I dug down into it there was a lot of mold. Which was bizarre because it hadn't rained at all. The whole can of feed was ruined. Over 50 pounds of it. It took me a long time to figure out that the problem was condensation forming inside the lid and dripping down into the center of the feed. Yikes...
Now I keep the bulk of my feed in the storage shed, in metal trash cans and 5 gallon buckets with lids. One trash can will hold two bags of feed still in the bag, although it can be tricky getting both bags in there. I prefer not to dump feed directly into the metal can because I don't want a bunch of old, eventually buggy feed accumulating at the bottom, which is what would happen if I kept refilling it. When I get a new batch of feed I split up as much of it as possible into the buckets, which I am going to use first, and anything left goes into the metal cans for longer-term storage. A 50 pound bag of feed usually fills two buckets.
I keep a bucket of feed in each coop/run for daily use. They are easier for me to handle and I don't have to schlep stuff from the storage shed so often. I keep a quart yogurt container in each bucket of feed for a scoop. I haven't had a problem with condensation in the plastic buckets. Been using them for a couple of years now. They get afternoon shade but do get some sun exposure and they are holding up fine.
Everyone has different storage solutions. It's interesting hearing how other people do stuff.