
European dairy powder markets diverged in week 46 (November 12, 2026). Milk powders extended their gains despite easing momentum and subdued trading, while whey powder prices fell after recent declines in whey protein ingredients.
Lactose and FFMP also recorded moderate losses.
Firm milk powder prices alongside weaker whey and lactose point to a split in dairy ingredient values, which matters for buyers of whey-based and milk-based feed ingredients. Softer whey pricing could make dry whey a cheaper protein option for feed formulators.
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.