# Milk, Cows, Cheese and Butter Continue to Grow. Is it Being Matched by Domestic Consumption and Exports?

> The article says U.S. cheese and butter production are growing annually by 4.5% and 5.9%, respectively, while the population is growing by 0.5%. It reports that domestic butter disappearance and exports are static, and that October butterfat was priced at $1.38 per pound, its lowest level since April 2020; the article warns that excess dairy inventories could weigh on component prices.

- Date: 2026-11-06 · published 2026-11-07T00:08:45.409Z
- Category: report · region United States · magnitude medium
- Page: https://feedsoft.ai/events/85034-milk-cows-cheese-and-butter-continue-to-grow-is-it-being-matched-by-domestic
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Production growth outpacing domestic use and flat exports can build inventories and pressure dairy-component prices, including milk prices. This may weaken returns for dairy producers and influence feed demand through herd economics.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-06-07 | [Cheese and butter production growing - Brownfield Ag News](https://feedsoft.ai/events/46573-cheese-and-butter-production-growing-brownfield-ag-news.md) | -0.3% | -3.0% |
| MILK | 2025-12-10 | [USDA Lowers 2026 Milk Production, Cheese And Butter Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/21493-usda-lowers-2026-milk-production-cheese-and-butter-price-forecasts-cheese.md) | -0.8% | -6.8% |
| 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 | 2022-11-28 | [Cheese sales drive U.S. dairy consumption growth](https://feedsoft.ai/events/38705-cheese-sales-drive-u-s-dairy-consumption-growth.md) | -3.6% | -2.4% |
| MILK | 2017-11-21 | [Milk production growth continues -  \| Ag Proud](https://feedsoft.ai/events/9917-milk-production-growth-continues-ag-proud.md) | -9.4% | -8.3% |

## Sources

- milkpay.com: https://milkpay.com/resource/milk-cows-cheese-and-butter-continue-to-grow-is-it-being-matched-by-domestic-consumption-and-exports/

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