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At the 3 November 2026 Global Dairy Trade auction, the price index rose 3.0%, with whole milk powder up 5.9% to $3,971 a tonne and cheddar up 8.6%. Butter fell 4.7% to $4,503 and anhydrous milk fat dropped 3.2% to $5,306.
Powders and butter moved in opposite directions, so a single dairy index hides different cost pressures across ingredient baskets. For feed buyers, the effect on feed commodities is limited, as the move is confined to dairy ingredient markets.
agrilinkage.comAgriLinkage Trade, CommoditiesNov 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.
