# EU27 cheese gains at expense of butter, says USDA FAS - Dairy Industries International

> USDA FAS reports that EU27 cow milk output has declined since 2021 and is forecast at 143.9 million tonnes for 2023, down 0.55%. Cheese production is expected to rise to 10.5 million tonnes at the expense of butter, NFDM and whole milk powder.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: report · region EU · magnitude low
- Page: https://feedsoft.ai/events/35963-eu27-cheese-gains-at-expense-of-butter-says-usda-fas-dairy-industries
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Shrinking EU milk supply tightens global dairy availability and supports prices for competing exporters, though the shift toward cheese limits gains in butter and powders.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-04-02 | [Rabobank predicts challenging times in dairy - Dairy Industries International](https://feedsoft.ai/events/8726-rabobank-predicts-challenging-times-in-dairy-dairy-industries-international.md) | +5.3% | +6.0% |
| MILK | 2017-12-20 | [Butter and cheese continue their upward trend as the world demands more dairy fat: USDA](https://feedsoft.ai/events/67494-butter-and-cheese-continue-their-upward-trend-as-the-world-demands-more-dairy.md) | -0.1% | -10.1% |
| MILK | 2025-05-16 | [USDA Hikes 2025 Dairy Price Forecasts, Expects Lower Prices In 2026 - Cheese Reporter](https://feedsoft.ai/events/24833-usda-hikes-2025-dairy-price-forecasts-expects-lower-prices-in-2026-cheese.md) | -0.1% | +0.8% |
| MILK | 2026-02-12 | [USDA Hikes 2026 Milk Production Forecast, Also Boosts Dairy Product, Milk Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/20613-usda-hikes-2026-milk-production-forecast-also-boosts-dairy-product-milk-price.md) | -0.3% | +6.9% |
| MILK | 2026-03-13 | [USDA Raises 2026 Milk Production Forecast, Most Dairy Product Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/20167-usda-raises-2026-milk-production-forecast-most-dairy-product-price-forecasts.md) | -0.2% | +5.4% |

## Sources

- dairyindustries.com: https://www.dairyindustries.com/news/42529/eu27-cheese-gains-at-expense-of-butter-says-usda-fas/

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