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USDA Agricultural Marketing Service reported Global Dairy Trade event 415 results, covering contracts from December 2026 to May 2027. Whole milk powder averaged $3,971/t, up 5.9%, and skim milk powder averaged $4,109/t, up 3.1%, while cheddar rose 8.6% and butter declined.
Higher milk powder and cheese contract prices signal firmer forward dairy demand, a mild support for dairy-based feed ingredients. Butter weakness limits the upside for fat-related products.
indexbox.ioNov 3, 2026Not enough comparable past events yet for a historical read.
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.
