# Butter and cheese continue their upward trend as the world demands more dairy fat: USDA

> USDA's world dairy review says butter prices rose 40% over 2017 and peaked at US$8,140 per ton in the EU amid shortages in some countries. Whole milk powder and skim milk powder prices fell 12% and 28%, and New Zealand exports dropped 19%.

- Date: 2017-12-20 · published 2017-12-20T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/67494-butter-and-cheese-continue-their-upward-trend-as-the-world-demands-more-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Strong demand for milk fat and weak powder prices widen the butter-to-SMP spread, encouraging fat-focused output over skim solids. This keeps skim-based dairy feed inputs relatively cheap.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-05-25 | [EU27 cheese gains at expense of butter, says USDA FAS - Dairy Industries International](https://feedsoft.ai/events/35963-eu27-cheese-gains-at-expense-of-butter-says-usda-fas-dairy-industries.md) | -3.5% | -7.8% |
| MILK | 2024-02-09 | [Cheese, butter, nonfat dry milk and whey price forecasts were raised](https://feedsoft.ai/events/31683-cheese-butter-nonfat-dry-milk-and-whey-price-forecasts-were-raised.md) | +0.4% | +2.8% |
| MILK | 2022-06-24 | [The Farmer's Exchange Online Cheese, Butter Prices for 2023 Reflect Stronger Demand for Milk](https://feedsoft.ai/events/40945-the-farmer-s-exchange-online-cheese-butter-prices-for-2023-reflect-stronger.md) | -7.2% | -7.3% |
| MILK | 2018-06-13 | [USDA projects milk prices are set for an upward trend](https://feedsoft.ai/events/64545-usda-projects-milk-prices-are-set-for-an-upward-trend.md) | -0.5% | -7.7% |
| MILK | 2024-07-13 | [Milk continues to go up - Dairy Star](https://feedsoft.ai/events/29261-milk-continues-to-go-up-dairy-star.md) | +0.5% | +3.6% |

## Sources

- dairyreporter.com: https://www.dairyreporter.com/Article/2017/12/20/Butter-and-cheese-continue-their-upward-trend-as-the-world-demands-more-dairy-fat-USDA/

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