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The IFCN World Milk Price Index fell 1.5% month on month in September to 47.7 USD per 100 kg. Butter and skim milk powder prices declined on higher supply, while cheese prices rose.
Production growth in North and South America and Oceania drove the decline.
Global milk supply growth outpacing demand keeps pressure on dairy commodity prices, which can weigh on milk prices and the cost of dairy feed ingredients.
ifcndairy.orgMatOct 15, 2025After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
