# FAO Dairy Price Index Continues Slight Decline in October, Butter and Cheese Weaken

> 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.

- Date: 2026-11-06 · published 2026-11-06T15:18:22.649Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/84248-fao-dairy-price-index-continues-slight-decline-in-october-butter-and-cheese
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-11-02 | [Global food prices dip in October amid declines in dairy and sluggish palm oil demand](https://feedsoft.ai/events/6993-global-food-prices-dip-in-october-amid-declines-in-dairy-and-sluggish-palm-oil.md) | -3.0% | -2.8% |
| MILK | 2024-11-15 | [Price and pooling factors weigh on October FMMO uniform milk prices \| Ag Proud](https://feedsoft.ai/events/27553-price-and-pooling-factors-weigh-on-october-fmmo-uniform-milk-prices-ag-proud.md) | -0.2% | -5.7% |
| MILK | 2025-09-12 | [USDA Lowers Most 2025, 2026 Dairy Price Forecasts; CME Butter Price Falls Below $2.00 - Cheese Reporter](https://feedsoft.ai/events/22853-usda-lowers-most-2025-2026-dairy-price-forecasts-cme-butter-price-falls-below-2.md) | +0.2% | -3.3% |
| MILK | 2026-07-11 | [Cheese production higher, milk prices lower - Dairy Star](https://feedsoft.ai/events/18337-cheese-production-higher-milk-prices-lower-dairy-star.md) | +0.4% | +7.1% |
| MILK | 2022-10-21 | [The Farmer's Exchange Online USDA Raises Forecasts for Milk Production, Butter, Cheese Prices](https://feedsoft.ai/events/39142-the-farmer-s-exchange-online-usda-raises-forecasts-for-milk-production-butter.md) | 0.0% | -3.7% |

## Sources

- fxbus.com: https://www.fxbus.com/en/news/20261106171734465270.html

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