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The Global Dairy Trade price index rose 3.0% at the 3 November auction, its third consecutive gain. Cheese led the gains, with cheddar up 8.6%, while butter fell 4.7% for a fourth straight auction.
Whole milk powder rose 5.9% and skim milk powder rose 3.1%.
Rising powder and cheese prices support global milk returns, while falling butter weighs on fat-based values. The net effect is a modestly firmer global dairy price outlook.
mejerimedier.dkNov 4, 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.
