Loading…
At the Global Dairy Trade auction on Tuesday, SMP prices rose 3.1% to their highest level since June 2022, and whole milk powder jumped 5.9%. Butter fell another 4.7% and AMF lost 3.2%, both below futures pricing, with butter stocks high in every main exporting region.
Lower skim output for SMP as milk goes into fresh products and other uses tightens powder supply, supporting dairy protein prices for feed-ingredient buyers. High butter stocks and cheap US butter keep fat-side prices under pressure.
vespertool.comJasper EndlichNov 5, 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.
