Commodity ratio · live
Cheese to Natural Gas Futures Ratio
The cheese to natural gas futures ratio is 0.5709 — Cheese at $1.61 per Pound divided by Natural Gas Futures at $2.82 per Million British Thermal Units.
Prices as of Aug 24, 2026, 12:17 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cheese to Natural Gas Futures ratio
1.000 Lb of cheese = 0.5709 MMBtu of natural gas futures
Inverse (NG-FUT/CHE): 1.752 — one Million British Thermal Units of natural gas futures buys that much cheese.
Close to the middle of its 1 year range. (66th percentile of the last 1 year)
Cheese
$1.61
per Pound
Natural Gas Futures
$2.82
per Million British Thermal Units
Unit basis: USD per Pound ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas futures per Pound of cheese. Prices as of Mon, 24 Aug 2026 12:17:47 GMT.
1Y average
0.5070
median 0.5213
1Y low
0.2086
Jan 25, 2026
1Y high
0.6800
Apr 24, 2026
Normal band
0.4115–0.6025
mean ± 1 std dev
Deviation from mean
+0.67σ
352 observations
Cheese to Natural Gas Futures ratio charts
Pick a range once — it applies to the CHE/NG-FUT ratio line, the OHLC candles and the Cheese / Natural Gas Futures price chart below.
CHE/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one Lb of Cheese buys, over 1Y.
CHE/NG-FUT ratio candles
Open, high, low and close of the CHE/NG-FUT ratio for each period in the last 1Y.
Cheese 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 cheese to natural gas futures ratio
Cheese to Natural Gas Futures ratio = Cheese price per Pound ÷ 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 Pound of cheese — rather than a plain count.
Worked example, live prices: $1.61 ÷ $2.82 = 0.5709. The inverse is 1.752.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the cheese to natural gas futures ratio today?
The cheese to natural gas futures ratio is 0.5709 — Cheese at $1.61 per Pound divided by Natural Gas Futures at $2.82 per Million British Thermal Units, from live mid-market prices.
How do you calculate the cheese to natural gas futures ratio?
Divide the cheese price per Pound 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 Pound of cheese.
What is the inverse of the cheese to natural gas futures ratio?
The inverse, natural gas futures to cheese, is 1.752 — how many Pounds of cheese one Million British Thermal Units of natural gas futures buys.