# EU Dairy Prices: Butter Up 58%, SMP Down 29% YoY — MMO Report

> 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.

- Date: 2026-11-05 · published 2026-11-05T12:14:21.375Z
- Category: report · region EU · magnitude low
- Page: https://feedsoft.ai/events/81708-eu-dairy-prices-butter-up-58-smp-down-29-yoy-mmo-report
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-11-22 | [IFCN report: Higher costs, higher prices and more milk - Dairy Global](https://feedsoft.ai/events/62058-ifcn-report-higher-costs-higher-prices-and-more-milk-dairy-global.md) | -0.1% | -4.5% |
| MILK | 2026-09-03 | [USDA Dairy Products Report July 2026: Cheese, Butter, and Dry Milk Trends - News and Statistics - IndexBox](https://feedsoft.ai/events/17489-usda-dairy-products-report-july-2026-cheese-butter-and-dry-milk-trends-news-and.md) | -0.8% | -7.3% |
| MILK | 2026-03-11 | [FAO Dairy Price Index drops but milk powders and butters up - Dairy Industries International](https://feedsoft.ai/events/20171-fao-dairy-price-index-drops-but-milk-powders-and-butters-up-dairy-industries.md) | -0.3% | +6.1% |
| MILK | 2025-01-06 | [USDA Dairy Production Report: Surprising Trends in Cheese, Butter, and Milk Output for November 2024 \| The Bullvine](https://feedsoft.ai/events/26522-usda-dairy-production-report-surprising-trends-in-cheese-butter-and-milk-output.md) | -1.3% | -0.4% |
| MILK | 2026-08-14 | [Dairy Product, Milk Price Forecasts Mixed In Latest USDA Projections - Cheese Reporter](https://feedsoft.ai/events/17911-dairy-product-milk-price-forecasts-mixed-in-latest-usda-projections-cheese.md) | +0.2% | -2.7% |

## Sources

- indexbox.io: https://www.indexbox.io/blog/eu-dairy-commodity-prices-diverge-butter-up-58-smp-down-29-year-on-year/

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