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German raw milk deliveries are at their seasonal low, though they rose 0.4% in week 44. Butter demand from retail is picking up ahead of Christmas, and cheese demand remains strong.
Ex-dairy butter prices have eased since the start of November.
Seasonal milk supply tightness combined with firm butter and cheese demand supports dairy prices into the holiday season, although easing butter prices show the rally is limited.
topagrar.comJan HagenNov 12, 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.
