# Butter sets a new record high - Dairy Star

> The September Class III milk price was announced at $18.39/cwt, up $1.20 from August and the highest since April. Butter output fell 12.1% from July to 140 million pounds, and butter prices reached a record high.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33631-butter-sets-a-new-record-high-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower butter output and a rising Class III price support milk values, which improves dairy margins and feed buying capacity.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-08-02 | [Global food prices near 3-year high driven by record butter prices](https://feedsoft.ai/events/5484-global-food-prices-near-3-year-high-driven-by-record-butter-prices.md) | +4.8% | +6.7% |
| MILK | 2025-06-14 | [Cheese exports reach all-time high - Dairy Star](https://feedsoft.ai/events/24379-cheese-exports-reach-all-time-high-dairy-star.md) | -0.4% | -7.5% |
| MILK | 2022-07-10 | [Record-high Dairy Prices But Milk Collection Marginally Down In EU - EDairy News English](https://feedsoft.ai/events/40494-record-high-dairy-prices-but-milk-collection-marginally-down-in-eu-edairy-news.md) | -1.2% | -12.2% |
| MILK | 2019-10-25 | [Dairy Recovery Set to Continue Into Next Year - ProAg](https://feedsoft.ai/events/56558-dairy-recovery-set-to-continue-into-next-year-proag.md) | +7.7% | +9.1% |
| MILK | 2025-08-01 | [Butter Leads Dairy Market Gains After Bullish Cold Storage Report](https://feedsoft.ai/events/23899-butter-leads-dairy-market-gains-after-bullish-cold-storage-report.md) | +1.3% | +0.9% |

## Sources

- dairystar.com: https://dairystar.com/stories/butter-sets-a-new-record-high,20191

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.