# EU butter output to fall 1.7% in 2027 as cheese takes more milk

> EU butter production is forecast to decline 1.7% to 2.26 million tonnes in 2027 as stronger returns encourage processors to allocate more milk to cheese. High butter stocks, which reached a 10-year high in June 2026, are expected to help cover domestic and export demand; 2026 production is estimated to rise 2.9%.

- Date: 2026-11-10 · published 2026-11-10T03:17:43.396Z
- Category: report · region EU · magnitude low
- Page: https://feedsoft.ai/events/90809-eu-butter-output-to-fall-1-7-in-2027-as-cheese-takes-more-milk
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Milk diverted to cheese and lower deliveries constrain butter production, but large inventories cushion availability and limit upward price pressure. This points to a modestly tighter production balance rather than an immediate shortage.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-01-31 | [Two thirds of EU milk used to make cheese and butter - Products Eurostat News - Eurostat](https://feedsoft.ai/events/55102-two-thirds-of-eu-milk-used-to-make-cheese-and-butter-products-eurostat-news.md) | -0.5% | -0.4% |
| MILK | 2025-01-06 | [USDA Dairy Production Report: Surprising Trends in Cheese, Butter, and Milk Output for November 2024 \| The Bullvine](https://feedsoft.ai/events/26522-usda-dairy-production-report-surprising-trends-in-cheese-butter-and-milk-output.md) | -1.3% | -0.4% |
| MILK | 2017-05-27 | [USDA Expects Higher Milk Output, Higher Cheese, Milk Prices In 2018 – Histórico eDairyNews](https://feedsoft.ai/events/71018-usda-expects-higher-milk-output-higher-cheese-milk-prices-in-2018-historico.md) | +5.3% | +4.7% |
| MILK | 2021-05-07 | [The Farmer's Exchange Online Cheese Output Hits Record High of 13.3 Billion Pounds in 2020](https://feedsoft.ai/events/47110-the-farmer-s-exchange-online-cheese-output-hits-record-high-of-13-3-billion.md) | +0.7% | -8.4% |
| MILK | 2019-12-18 | [More milk, consolidation continues, but still an improved 2020 price outlook - Purdue Ag Econ](https://feedsoft.ai/events/55579-more-milk-consolidation-continues-but-still-an-improved-2020-price-outlook.md) | -0.1% | -12.3% |

## Sources

- thedairysite.com: https://www.thedairysite.com/news/eu-butter-output-to-fall-1-7-in-2027-as-cheese-takes-more-milk

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