The cheese market was quiet this week, with lower volumes negotiated. With year-end approaching, trading activity is winding down, and attention is increasingly shifting to Q1 2026, with larger buyers already having secured volumes for the first quarter as well.
News|Published: Dec 2, 2025
The DCA Cheeseburger Menu Index shows weekly movements in European agri-food markets by tracking a fixed basket of ingredients used to produce a cheeseburger, a milkshake and a portion of fries. In week 48, the Index recorded a slight decline as dairy markets weakened further, driven by sharp drops in raw milk and SMP, while sugar showed a modest recovery after earlier losses.
Analysis|Published: Nov 27, 2025
The European cheese market enters the week in a steady and relatively muted state, with overall sentiment largely unchanged and activities remaining calm. Prices show modest adjustments, and the market maintains a stable but cautious tone as the year-end period approaches.
Report|Published: Nov 26, 2025
SMC prices have continued to weaken in recent weeks, reflecting how quickly surplus skim moves through the EU’s integrated processing network. Higher raw-milk availability, increased powder production and limited extra-EU demand have shifted the balance, with most SMC volumes circulating within a small number of processing regions. This report examines how these surplus-driven dynamics are shaping SMC valuations and what they imply for the months ahead.
Report|Published: Nov 11, 2025
Frau Antje prices have eased in line with broader cheese market trends, driven by short-term increases in milk supply. Despite this correction, the market reflects a more balanced and mature phase for Dutch cheese production. The long-term outlook remains steady, supported by a growing share of milk directed to cheese manufacturing and sustained demand from Germany. This report examines the forces behind this adjustment and how they are reshaping Frau Antje’s position within the Dutch cheese landscape.
Report|Published: Oct 23, 2025
Cheddar prices have reached their lowest levels since 2023, as the market faces the combined pressure of abundant milk supplies and subdued demand. Ireland and the UK remain the backbone of the EU’s Cheddar balance, sustaining exports and internal supply, while trade patterns are gradually diversifying with new players. Against this backdrop, the market is undergoing a broader phase of adjustment. This report examines these developments in detail, analysing price trends, trade flows, and the structural forces shaping the Cheddar market in 2025.
