
EU data showed cheddar prices up 0.6% over four weeks, while butter prices fell 3%, skim milk powder rose 4.2%, and whole milk powder rose 1.1%. At the November 3 GDT auction, the overall index gained 3%, including an 8.6% rise in cheese; feed and energy costs in week 44 were up 4.8% and 9.7%, respectively, versus the previous four weeks.
The mixed dairy price movements point to firmer prices for cheese and milk powders but weaker butter, while higher feed and energy costs may squeeze dairy margins. The reported figures provide limited direct direction for feed-commodity prices.
Not 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.