Commodity ratio · live
Hot-Rolled Coil Steel to Lean Hogs Ratio
The hot-rolled coil steel to lean hogs ratio is 14.66 — Hot-Rolled Coil Steel at $1,199.07 per Metric Ton divided by Lean Hogs at $81.80 per Metric Ton.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Hot-Rolled Coil Steel to Lean Hogs ratio
1.000 T of hot-rolled coil steel = 14.659 T of lean hogs
Inverse (LHOGS/HRC-STEEL): 0.06822 — one Metric Ton of lean hogs buys that much hot-rolled coil steel.
Near the top of its 1 year range — historically stretched. (99th percentile of the last 1 year)
Hot-Rolled Coil Steel
$1,199.07
per Metric Ton
Lean Hogs
$81.80
per Metric Ton
Unit basis: USD per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of lean hogs per Metric Ton of hot-rolled coil steel. Prices as of Mon, 24 Aug 2026 11:34:15 GMT.
1Y average
11.08
median 11.17
1Y low
7.000
Aug 29, 2025
1Y high
15.06
Aug 18, 2026
Normal band
9.670–12.48
mean ± 1 std dev
Deviation from mean
+2.54σ
202 observations
Hot-Rolled Coil Steel to Lean Hogs ratio charts
Pick a range once — it applies to the HRC-STEEL/LHOGS ratio line, the OHLC candles and the Hot-Rolled Coil Steel / Lean Hogs price chart below.
HRC-STEEL/LHOGS ratio line
How many T of Lean Hogs one T of Hot-Rolled Coil Steel buys, over 1Y.
HRC-STEEL/LHOGS ratio candles
Open, high, low and close of the HRC-STEEL/LHOGS ratio for each period in the last 1Y.
Hot-Rolled Coil Steel and Lean Hogs prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the hot-rolled coil steel to lean hogs ratio
Hot-Rolled Coil Steel to Lean Hogs ratio = Hot-Rolled Coil Steel price per Metric Ton ÷ Lean Hogs price per Metric Ton
Both legs share the same unit, so the result is a plain unitless number, directly comparable across time.
Worked example, live prices: $1,199.07 ÷ $81.80 = 14.66. The inverse is 0.06822.
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 hot-rolled coil steel to lean hogs ratio today?
The hot-rolled coil steel to lean hogs ratio is 14.66 — Hot-Rolled Coil Steel at $1,199.07 per Metric Ton divided by Lean Hogs at $81.80 per Metric Ton, from live mid-market prices.
How do you calculate the hot-rolled coil steel to lean hogs ratio?
Divide the hot-rolled coil steel price per Metric Ton by the lean hogs 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 lean hogs per Metric Ton of hot-rolled coil steel.
What is the inverse of the hot-rolled coil steel to lean hogs ratio?
The inverse, lean hogs to hot-rolled coil steel, is 0.06822 — how many Metric Tons of hot-rolled coil steel one Metric Ton of lean hogs buys.