Dairy powder prices continued to recover in October, with skim milk powder gains supported by tighter European milk availability and resilient international demand. Whole milk powder and whey powder faced stronger competition from global suppliers, while elevated prices and signs of correction in whey protein added uncertainty about whether the rally can continue.
Tighter European milk supply and steady export demand support skim milk powder prices, while competition weighs on European whole milk and whey powder. These diverging conditions may affect dairy ingredient costs and the returns available to milk producers.
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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.