# Dairy markets: markets in retreat as supply rebounds - 27 October 2017 Premium

> European dairy spot prices fell sharply in late October, with butter down about €1,850/t in weeks to €5,150/t and SMP falling to €1,400/t. Dutch September milk output rose 0.5% year on year, adding to supply recovery in Germany, France and the UK.

- Date: 2017-10-27 · published 2017-10-27T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68463-dairy-markets-markets-in-retreat-as-supply-rebounds-27-october-2017-premium
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rebounding European milk supply and falling powder prices weigh on global dairy ingredient values. Lower skim and whole milk powder prices reduce the cost-competitiveness of dairy feed inputs.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/dairy/markets/dairy-markets-markets-in-retreat-as-supply-rebounds-318768

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