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The FAO Dairy Price Index averaged 117.8 points in October, down 1.1% from September and 16.9% year over year. Lower butter and cheese prices, reflecting ample supplies and weak buying interest, outweighed increases in skim milk powder prices; whole milk powder prices were little changed.
Ample butter stocks and cheese availability, alongside competitive U.S. exports, add downward pressure to those dairy prices. Continued import demand and limited near-term supply support skim milk powder prices, while competition for milk solids may constrain powder supplies.
fxbus.comNov 6, 2026After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
