# U.S. Dairy Surplus Deepens: Butter Glut Hits 3-Year High as Cheese Inventories Defy Expectations | The Bullvine

> The USDA January 2025 Cold Storage report shows US butter stocks rose 26% month on month to 270.3 million pounds, the highest January level since 2021. Cheese inventories narrowed their annual deficit to 5.7%, while cream multiples fell to decade lows.

- Date: 2025-02-27 · published 2025-02-27T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/26048-u-s-dairy-surplus-deepens-butter-glut-hits-3-year-high-as-cheese-inventories
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A butter glut and collapsing cream prices pressure dairy product values and reduce milk prices paid to producers, lowering the income that supports dairy feed demand.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-06-26 | [Cheese inventory hits record; fluid milk consumption takes another hit \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/10590-cheese-inventory-hits-record-fluid-milk-consumption-takes-another-hit-dairy.md) | -3.9% | -5.2% |
| MILK | 2025-07-22 | [Milk Output Surges Past Expectations as Butter Prices Slide, 2025 Futures Rally on Export Strength - Dairy Herd](https://feedsoft.ai/events/23759-milk-output-surges-past-expectations-as-butter-prices-slide-2025-futures-rally.md) | -0.6% | -0.0% |
| MILK | 2025-11-26 | [US Milk Output Surges 4% As Herd Hits 31-Year High - EDairy News English](https://feedsoft.ai/events/21960-us-milk-output-surges-4-as-herd-hits-31-year-high-edairy-news-english.md) | -8.1% | -8.3% |
| MILK | 2026-10-25 | [U.S. Milk Production Up 2.7% in September 2026: Butterfat Hits Historic 4.32% as Protein Demand Surges](https://feedsoft.ai/events/17115-u-s-milk-production-up-2-7-in-september-2026-butterfat-hits-historic-4-32-as.md) | -0.4% | — |
| MILK | 2022-10-21 | [The Farmer's Exchange Online USDA Raises Forecasts for Milk Production, Butter, Cheese Prices](https://feedsoft.ai/events/39142-the-farmer-s-exchange-online-usda-raises-forecasts-for-milk-production-butter.md) | 0.0% | -3.7% |

## Sources

- thebullvine.com: https://www.thebullvine.com/news/u-s-dairy-surplus-deepens-butter-glut-hits-3-year-high-as-cheese-inventories-defy-expectations/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.