Milsurp ammunition varies trenedously...someis very good, some is very bad, and some is ok. It depends on who loaded it, what weapon it was meant for, what storage conditions it has been kept in, and for how long. The only way to see how it will perform in your rifle is to buy some and try it. Much milsurp ammunition is stil corrosively primed. Be absolutely certain to clean promptly and properly after using it.
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but I did hear that very soon there will be no more military surplus ammo in the U.S. I am not sure on the specifics though.
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I've heard nothing on this subject. True, some US surplus ammunition dries up from time to time, that is simply market forces at work. As long as there is a market in the US, countries will sell it, importers will import it, and customers will buy it.