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The European Commission's Milk Market Observatory reported EU dairy benchmarks with butter at 406 EUR/100kg and skimmed milk powder at 341 EUR/100kg. Year on year, butter is up 58 percent while skimmed milk powder is down 29 percent, with whole milk powder up 54 percent and whey powder up 8 percent.
The divergence between weak skimmed milk powder and strong butter and whole milk powder shows uneven dairy demand, which affects the relative value of protein and fat ingredients in feed formulation.
indexbox.ioNov 5, 2026After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
