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The FAO dairy price index averaged 117.8 points in October, down 1.1% from September and 16.9% below October 2025. Skim milk powder quotations were 45.8% higher than a year earlier, while butter and cheese prices fell 31.1% and 29.3% year on year.
Tight US skim milk powder supply and strong demand from major exporters are lifting SMP prices, while ample EU butter stocks and US competition keep dairy fats and cheese weak. Feed buyers using milk powders face higher costs even as the broader dairy index eases.
pressa.net.uaNov 12, 2026Not enough comparable past events yet for a historical read.
After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
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.
