Commodity ratio · live
Cotton to Milk Ratio
The cotton to milk ratio is 0.05352 — Cotton at $0.8900 per Pound divided by Milk at $16.63 per Hundredweight.
Prices as of Aug 24, 2026, 10:24 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cotton to Milk ratio
1.000 Lb of cotton = 0.05352 Cwt of milk
Inverse (MILK/CT): 18.69 — one Hundredweight of milk buys that much cotton.
Near the top of its 1 year range — historically stretched. (100th percentile of the last 1 year)
Cotton
$0.8900
per Pound
Milk
$16.63
per Hundredweight
Unit basis: USD per Pound ÷ USD per Hundredweight. The ratio reads as Hundredweights of milk per Pound of cotton. Prices as of Mon, 24 Aug 2026 10:24:39 GMT.
1Y average
0.04375
median 0.04313
1Y low
0.03663
Nov 21, 2025
1Y high
0.05415
Aug 21, 2026
Normal band
0.03891–0.04860
mean ± 1 std dev
Deviation from mean
+2.02σ
251 observations
Cotton to Milk ratio charts
Pick a range once — it applies to the CT/MILK ratio line, the OHLC candles and the Cotton / Milk price chart below.
CT/MILK ratio line
How many Cwt of Milk one Lb of Cotton buys, over 1Y.
CT/MILK ratio candles
Open, high, low and close of the CT/MILK ratio for each period in the last 1Y.
Cotton and Milk prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the cotton to milk ratio
Cotton to Milk ratio = Cotton price per Pound ÷ Milk price per Hundredweight
The two legs use different units, so the result is a rate — Hundredweights of milk per Pound of cotton — rather than a plain count.
Worked example, live prices: $0.8900 ÷ $16.63 = 0.05352. The inverse is 18.69.
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 cotton to milk ratio today?
The cotton to milk ratio is 0.05352 — Cotton at $0.8900 per Pound divided by Milk at $16.63 per Hundredweight, from live mid-market prices.
How do you calculate the cotton to milk ratio?
Divide the cotton price per Pound by the milk price per Hundredweight. If the two units differ, the result is a rate rather than a plain count — read it as Hundredweights of milk per Pound of cotton.
What is the inverse of the cotton to milk ratio?
The inverse, milk to cotton, is 18.69 — how many Pounds of cotton one Hundredweight of milk buys.