
International dairy prices fell 1.1% in October from September, mainly as ample supplies and limited international buying interest weighed on butter and cheese prices. Some milk powder prices rose, but the overall dairy decline contributed to a 1.2% drop in the FAO Food Price Index to 133.9 points.
Ample dairy supplies and subdued export demand put downward pressure on dairy prices, particularly butter and cheese. This may reduce dairy ingredient costs for feed and food buyers, though the article gives no specific feed-ingredient price impact.
Not 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.