European powder markets have strengthened considerably, led by a sharp rally in SMP. Despite higher production, expanding exports have helped absorb additional volumes, while prices reached their highest level since 2022. Europe’s narrowing price advantage is also bringing international competitiveness into focus.
Analysis|Published: Sep 7, 2026
The Cheeseburger Menu Index continued its recovery through August, driven by a sharp rebound in dairy prices. Tightening milk availability has pushed raw milk and powder prices considerably higher, while the onion market has emerged as another source of upward pressure.
Analysis|Published: Sep 4, 2026
The balance within the European milkfat complex is shifting. Cream's sharp recovery strengthened its position relative to butter during August, but easing fresh demand and stronger SMP prices are now changing the picture again. At the same time, high butter availability continues to weigh on the market, creating a more complex outlook for milkfat allocation and prices.
Analysis|Published: Sep 3, 2026
The cheese market strengthened further this week, although activity remained relatively subdued. Edam and Gouda recorded notable increases, while Mozzarella remained broadly stable, and the cheddar complex moved higher.
Analysis|Published: Aug 28, 2026
Liquid dairy prices are recovering from the lows seen at the end of last year. Higher milk collections initially kept availability ample, but seasonal declines, recent heatwaves and stronger product-specific demand are now shifting market conditions.
Analysis|Published: Aug 27, 2026
The cheese market continued to strengthen overall. Most benchmarks moved higher, supported by more limited availability and continued demand, while naturally ripened cheese moved against the broader trend and showed particularly wide dispersion.
