# US butterfat is experiencing a resurgence – and trade opportunities await

> CoBank economist Corey Geiger says US butterfat production has outpaced milk growth over the past decade, with butterfat up 27% against 15% for milk. US butterfat exports rose 43% in 2022 to 81,721 mt, led by gains to Canada and Mexico.

- Date: 2023-11-09 · published 2023-11-09T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/33182-us-butterfat-is-experiencing-a-resurgence-and-trade-opportunities-await
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Growing butterfat exports could widen outlets for US dairy solids, supporting milk component prices and dairy feed demand over time.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-07-23 | [Weekly dairy digest: USDA releases its annual dairy market and trade report
						 \| The Cattle Site](https://feedsoft.ai/events/46067-weekly-dairy-digest-usda-releases-its-annual-dairy-market-and-trade-report-the.md) | -0.5% | -3.3% |
| MILK | 2018-10-01 | [Canadian dollar surges after US and Canada strike deal to replace NAFTA](https://feedsoft.ai/events/62777-canadian-dollar-surges-after-us-and-canada-strike-deal-to-replace-nafta.md) | -1.9% | -3.6% |
| MILK | 2020-06-16 | [USDA Trade Mitigation Purchases to Feed People in Need and Aid American Farmers Surpass $2B \| USDA](https://feedsoft.ai/events/52597-usda-trade-mitigation-purchases-to-feed-people-in-need-and-aid-american-farmers.md) | +2.0% | +18.2% |
| MILK | 2025-11-26 | [State of the Dairy Industry: Cheese, butter “rockin’ out” with record exports \| Dairy Foods](https://feedsoft.ai/events/21957-state-of-the-dairy-industry-cheese-butter-rockin-out-with-record-exports-dairy.md) | -8.1% | -8.3% |
| MILK | 2025-01-01 | [US dairy exports are approaching record levels due to consumer demand for dairy products in Mexico](https://feedsoft.ai/events/6085-us-dairy-exports-are-approaching-record-levels-due-to-consumer-demand-for-dairy.md) | +8.9% | +8.8% |

## Sources

- dairyreporter.com: https://www.dairyreporter.com/Article/2023/11/09/US-butterfat-is-experiencing-a-resurgence-and-trade-opportunities-await/

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