Commodity ratio · live
Butter to Lead Futures Ratio
The butter to lead futures ratio is 2.278 — Butter at $4,350.00 per Metric Ton divided by Lead Futures at $1,909.83 per Metric Ton.
Prices as of Aug 24, 2026, 10:30 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Butter to Lead Futures ratio
1.000 T of butter = 2.278 T of lead futures
Inverse (LEAD-FUT/BUTTER): 0.4390 — one Metric Ton of lead futures buys that much butter.
Close to the middle of its 1 year range. (62th percentile of the last 1 year)
Butter
€4,350.00
per Metric Ton
Lead Futures
$1,909.83
per Metric Ton
Unit basis: EUR per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of lead futures per Metric Ton of butter. Prices as of Mon, 24 Aug 2026 10:30:59 GMT.
These two commodities are quoted in different currencies (EUR and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
2.266
median 2.148
1Y low
1.928
May 29, 2026
1Y high
3.466
Aug 24, 2025
Normal band
1.992–2.539
mean ± 1 std dev
Deviation from mean
+0.04σ
346 observations
Butter to Lead Futures ratio charts
Pick a range once — it applies to the BUTTER/LEAD-FUT ratio line, the OHLC candles and the Butter / Lead Futures price chart below.
BUTTER/LEAD-FUT ratio line
How many T of Lead Futures one T of Butter buys, over 1Y.
BUTTER/LEAD-FUT ratio candles
Open, high, low and close of the BUTTER/LEAD-FUT ratio for each period in the last 1Y.
Butter and Lead Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the butter to lead futures ratio
Butter to Lead Futures ratio = Butter price per Metric Ton ÷ Lead Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of lead futures per Metric Ton of butter — rather than a plain count.
Worked example, live prices: $4,350.00 ÷ $1,909.83 = 2.278. The inverse is 0.4390.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the butter to lead futures ratio today?
The butter to lead futures ratio is 2.278 — Butter at $4,350.00 per Metric Ton divided by Lead Futures at $1,909.83 per Metric Ton, from live mid-market prices.
How do you calculate the butter to lead futures ratio?
Divide the butter price per Metric Ton by the lead futures 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 lead futures per Metric Ton of butter.
What is the inverse of the butter to lead futures ratio?
The inverse, lead futures to butter, is 0.4390 — how many Metric Tons of butter one Metric Ton of lead futures buys.