# Where does the milk fat go?

> USDA Economic Research Service data show US milk fat production topped 9.3 billion pounds in 2022, with cheese taking 42.3% of utilization and butter 17.8%. Fluid milk's share has fallen to about half its 2000 level.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32704-where-does-the-milk-fat-go
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The shift in milk fat use toward cheese and butter shows where demand for fat is concentrated, which shapes the outlook for dairy product prices.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-07-01 | [Mailbox milk prices: What do they tell us? - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/4203-mailbox-milk-prices-what-do-they-tell-us-progressive-dairy-ag-proud.md) | +6.5% | +7.4% |
| MILK | 2017-11-09 | [Mielke: Benchmark milk prices climb \| TheFencePost.com](https://feedsoft.ai/events/10553-mielke-benchmark-milk-prices-climb-thefencepost-com.md) | +2.1% | -5.5% |
| MILK | 2018-11-22 | [IFCN report: Higher costs, higher prices and more milk - Dairy Global](https://feedsoft.ai/events/62058-ifcn-report-higher-costs-higher-prices-and-more-milk-dairy-global.md) | -0.1% | -4.5% |
| MILK | 2024-02-02 | [The Federal Milk Marketing Order Pricing Formula Hearing has ended](https://feedsoft.ai/events/31824-the-federal-milk-marketing-order-pricing-formula-hearing-has-ended.md) | -1.2% | +2.8% |
| MILK | 2020-12-18 | [Economic Review of Milk Costs in 2019 and Projections for the Rest of 2020 and 2021 - farmdoc daily](https://feedsoft.ai/events/49654-economic-review-of-milk-costs-in-2019-and-projections-for-the-rest-of-2020-and.md) | +0.5% | +3.8% |

## Sources

- hoards.com: https://hoards.com/article-34547-where-does-the-milk-fat-go.html

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