Commodity ratio · live
Butter to Natural Gas Futures Ratio
The butter to natural gas futures ratio is 1554 — Butter at $4,350.00 per Metric Ton divided by Natural Gas Futures at $2.80 per Million British Thermal Units.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Butter to Natural Gas Futures ratio
1.000 T of butter = 1,553.6 MMBtu of natural gas futures
Inverse (NG-FUT/BUTTER): 0.0006437 — one Million British Thermal Units of natural gas futures buys that much butter.
Above its 1 year average. (74th percentile of the last 1 year)
Butter
€4,350.00
per Metric Ton
Natural Gas Futures
$2.80
per Million British Thermal Units
Unit basis: EUR per Metric Ton ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas futures per Metric Ton of butter. Prices as of Mon, 24 Aug 2026 11:34:35 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
1384
median 1402
1Y low
598.5
Jan 25, 2026
1Y high
2624
Aug 24, 2025
Normal band
1111–1657
mean ± 1 std dev
Deviation from mean
+0.62σ
350 observations
Butter to Natural Gas Futures ratio charts
Pick a range once — it applies to the BUTTER/NG-FUT ratio line, the OHLC candles and the Butter / Natural Gas Futures price chart below.
BUTTER/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one T of Butter buys, over 1Y.
BUTTER/NG-FUT ratio candles
Open, high, low and close of the BUTTER/NG-FUT ratio for each period in the last 1Y.
Butter and Natural Gas 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 natural gas futures ratio
Butter to Natural Gas Futures ratio = Butter price per Metric Ton ÷ Natural Gas Futures price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas futures per Metric Ton of butter — rather than a plain count.
Worked example, live prices: $4,350.00 ÷ $2.80 = 1554. The inverse is 0.0006437.
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 butter to natural gas futures ratio today?
The butter to natural gas futures ratio is 1554 — Butter at $4,350.00 per Metric Ton divided by Natural Gas Futures at $2.80 per Million British Thermal Units, from live mid-market prices.
How do you calculate the butter to natural gas futures ratio?
Divide the butter price per Metric Ton by the natural gas futures price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas futures per Metric Ton of butter.
What is the inverse of the butter to natural gas futures ratio?
The inverse, natural gas futures to butter, is 0.0006437 — how many Metric Tons of butter one Million British Thermal Units of natural gas futures buys.