Commodity ratio · live
Cheese to Butter Ratio
The cheese to butter ratio is 0.0003701 — Cheese at $1.61 per Pound divided by Butter at $4,350.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:19 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cheese to Butter ratio
1.000 Lb of cheese = 0.0003701 T of butter
Inverse (BUTTER/CHE): 2702 — one Metric Ton of butter buys that much cheese.
Close to the middle of its 1 year range. (55th percentile of the last 1 year)
Cheese
$1.61
per Pound
Butter
€4,350.00
per Metric Ton
Unit basis: USD per Pound ÷ EUR per Metric Ton. The ratio reads as Metric Tons of butter per Pound of cheese. Prices as of Mon, 24 Aug 2026 11:19:12 GMT.
These two commodities are quoted in different currencies (USD and EUR). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.0003666
median 0.0003629
1Y low
0.0002545
Aug 24, 2025
1Y high
0.0004405
Jul 17, 2026
Normal band
0.0003269–0.0004064
mean ± 1 std dev
Deviation from mean
+0.09σ
356 observations
Cheese to Butter ratio charts
Pick a range once — it applies to the CHE/BUTTER ratio line, the OHLC candles and the Cheese / Butter price chart below.
CHE/BUTTER ratio line
How many T of Butter one Lb of Cheese buys, over 1Y.
CHE/BUTTER ratio candles
Open, high, low and close of the CHE/BUTTER ratio for each period in the last 1Y.
Cheese and Butter prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the cheese to butter ratio
Cheese to Butter ratio = Cheese price per Pound ÷ Butter price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of butter per Pound of cheese — rather than a plain count.
Worked example, live prices: $1.61 ÷ $4,350.00 = 0.0003701. The inverse is 2702.
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 cheese to butter ratio today?
The cheese to butter ratio is 0.0003701 — Cheese at $1.61 per Pound divided by Butter at $4,350.00 per Metric Ton, from live mid-market prices.
How do you calculate the cheese to butter ratio?
Divide the cheese price per Pound by the butter 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 butter per Pound of cheese.
What is the inverse of the cheese to butter ratio?
The inverse, butter to cheese, is 2702 — how many Pounds of cheese one Metric Ton of butter buys.