# Milk powder pulls away from butter at global dairy auction

> At the November 10 GDT Pulse auction, skim and whole milk powder prices rose, while butter and anhydrous milk fat prices fell. Whole milk powder is nearly 10% more expensive than at the October 13 auction.

- Date: 2026-11-10 · published 2026-11-10T15:11:20.248Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/91921-milk-powder-pulls-away-from-butter-at-global-dairy-auction
- Commodities: [Nonfat Dry Milk](https://feedsoft.ai/c/NFDM.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The diverging auction results point to firmer demand or tighter availability for milk powders but weaker conditions for butterfat products. This supports powder prices and pressures butter and milk-fat prices.

## Read by commodity

- MILK: neutral
- NFDM: bullish ▲

## Sources

- effektivtlandbrug.landbrugnet.dk: https://effektivtlandbrug.landbrugnet.dk/artikler/marked/126099/maelkepulver-traekker-fra-smoer-paa-global-mejeriauktion

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