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At the first Global Dairy Trade auction in November, the weighted average price index rose 3.6% to $4,166 per tonne. Powder prices led the gains, with skim milk powder up 3.4% to $4,109 per tonne, its highest level since June 2022; butter and butterfat remained weak, while cheddar strengthened.
Auction volume fell 5.4% to 39,806 tonnes.
Higher powder prices indicate stronger demand or tighter availability in international dairy markets, supporting returns for dairy producers. The lower trading volume and continued weakness in butter temper the strength of the overall signal for feed demand.
schweizerbauer.chNov 9, 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.
