Commodity ratio · live
Beef to Magnesium Ratio
The beef to magnesium ratio is 0.02314 — Beef at $391.15 per Kilogram divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:14 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Beef to Magnesium ratio
1.000 kg of beef = 0.02314 T of magnesium
Inverse (MG/BEEF): 43.21 — one Metric Ton of magnesium buys that much beef.
Near the top of its 1 year range — historically stretched. (92th percentile of the last 1 year)
Beef
$391.15
per Kilogram
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Kilogram ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Kilogram of beef. Prices as of Mon, 24 Aug 2026 11:14:09 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.02232
median 0.02221
1Y low
0.02140
Aug 6, 2026
1Y high
0.02351
Aug 19, 2026
Normal band
0.02173–0.02291
mean ± 1 std dev
Deviation from mean
+1.41σ
13 observations
Beef to Magnesium ratio charts
Pick a range once — it applies to the BEEF/MG ratio line, the OHLC candles and the Beef / Magnesium price chart below.
BEEF/MG ratio line
How many T of Magnesium one kg of Beef buys, over 1Y.
BEEF/MG ratio candles
Open, high, low and close of the BEEF/MG ratio for each period in the last 1Y.
Beef and Magnesium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the beef to magnesium ratio
Beef to Magnesium ratio = Beef price per Kilogram ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Kilogram of beef — rather than a plain count.
Worked example, live prices: $391.15 ÷ $16,900.00 = 0.02314. The inverse is 43.21.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the beef to magnesium ratio today?
The beef to magnesium ratio is 0.02314 — Beef at $391.15 per Kilogram divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the beef to magnesium ratio?
Divide the beef price per Kilogram by the magnesium price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of magnesium per Kilogram of beef.
What is the inverse of the beef to magnesium ratio?
The inverse, magnesium to beef, is 43.21 — how many Kilograms of beef one Metric Ton of magnesium buys.