systems and methods according to the present invention yield milk products having reduced cholesterol . a method according to the present invention includes the steps of adding an edible oil to skim that was separated from whole milk ; standardizing the particle size of the skim - and - oil mixture ; combining the skim - and - oil mixture with homogenized cream that was separated from whole milk ; and separating the oil from the reduced cholesterol cream and skim . a method according to the present invention may further include the steps of separating the reduced cholesterol cream and skim and then recombining them to form a reduced cholesterol milk product having desired properties .