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On Tuesday, cash cheese barrels traded lower on the CME while blocks held steady. Butter, nonfat dry milk and Class III futures rose alongside a 9.4% jump in the Global Dairy Trade index, which followed Fonterra reducing its product offerings at the auction.
Reduced Fonterra offerings tighten near-term global dairy supply, supporting powders and butter and firming Class III milk prices, while softer spot cheese reflects ample US production. Feed buyers may see dairy-linked demand for DDGS and whey shift with these moves.
en.edairynews.comDamián MoraisNov 12, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
