Powder markets weakened further in week 24 (June 11), with negative sentiment and lower trading activity weighing on prices across most categories. SMP Feed recorded the sharpest decline in the milk powder segment, while WMP remained comparatively resilient and largely stable. The whey powder segment experienced even steeper losses, particularly in feed-grade products.
Analysis|Published: Jun 11, 2026
DCA cheese benchmarks moved broadly lower in week 24 (June 11), with declines across most cheese categories. Foiled cheeses led the downturn, with Edamer and Gouda posting weekly losses of more than 3%, while Mozzarella proved relatively resilient and remained one of the least volatile products. Weak sentiment and ample inventories continued to weigh on prices, although some renewed buying interest emerged in the naturally ripened cheese segment toward the end of the week. Maasdam was the only exception to the broader trend, recording a slight price increase.
Analysis|Published: Jun 9, 2026
Milk production across Germany, France, Italy, and Poland remained above year-earlier levels in April, although growth momentum slowed in most countries compared to March. Organic milk production showed a more mixed trend, with continued growth in Germany but declines in France, Italy, and Poland. Meanwhile, stronger milk solids production and ample milk availability continued to weigh on farmgate milk prices, keeping them below 2025 levels.
Analysis|Published: May 28, 2026
The dairy powder market weakened in week 22 (May 28), with most benchmarks posting declines amid softer demand and slower trade activity. SMP Food recorded the sharpest weekly drop, while WMP and SWP Food also moved lower. In contrast, SWP Feed was the only benchmark to increase week-over-week. Contributors pointed to weaker futures markets and limited export activity, although higher US SMP prices may continue to support the competitiveness of EU-origin product globally.
Analysis|Published: May 28, 2026
DCA cheese benchmarks showed mixed results in week 22 (May 28), with slight declines in foil cheeses and Emmentaler, while the Cheddar complex, Maasdam, naturally ripened Gouda, and Mozzarella all moved higher. Market sentiment remained relatively quiet, with weaker Gouda demand reported in Italy, while firmer interest for Maasdam emerged from southern Europe. Contributors also noted that naturally ripened cheese remains widely available despite rising prices.
Analysis|Published: May 27, 2026
US milk production continued its strong expansion in April, supported by growing dairy herds and improving yields in key producing states. At the same time, milk prices remain under pressure, although recent months have shown the first signs of recovery. Projections indicate stronger dairy demand and continued production growth, indicating a more optimistic outlook for producers.
