
In week 45, ending 8 November 2026, butter in the EU averaged 403 euro/100 kg, up 1.7% from the previous week. Skimmed milk powder rose more strongly, by 3.2%, to 354 euro/100 kg, and whey powder gained 14.5% to 185 euro/100 kg.
Butter remained 27% below the same week a year earlier, according to the European Commission's Milk Market Observatory.
Rising skim milk powder and whey prices tighten the protein-ingredient supply for feed buyers and support dairy co-product values, although butter prices remain well below last year's level.
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.