Commodity ratio · live
Lead Futures to Butter Ratio
The lead futures to butter ratio is 0.4390 — Lead Futures at $1,909.83 per Metric Ton divided by Butter at $4,350.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:30 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lead Futures to Butter ratio
1.000 T of lead futures = 0.4390 T of butter
Inverse (BUTTER/LEAD-FUT): 2.278 — one Metric Ton of butter buys that much lead futures.
Close to the middle of its 1 year range. (38th percentile of the last 1 year)
Lead Futures
$1,909.83
per Metric Ton
Butter
€4,350.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ EUR per Metric Ton. The ratio reads as Metric Tons of butter per Metric Ton of lead futures. Prices as of Mon, 24 Aug 2026 10:30:59 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
0.4474
median 0.4655
1Y low
0.2885
Aug 24, 2025
1Y high
0.5186
May 29, 2026
Normal band
0.3978–0.4969
mean ± 1 std dev
Deviation from mean
-0.17σ
346 observations
Lead Futures to Butter ratio charts
Pick a range once — it applies to the LEAD-FUT/BUTTER ratio line, the OHLC candles and the Lead Futures / Butter price chart below.
LEAD-FUT/BUTTER ratio line
How many T of Butter one T of Lead Futures buys, over 1Y.
LEAD-FUT/BUTTER ratio candles
Open, high, low and close of the LEAD-FUT/BUTTER ratio for each period in the last 1Y.
Lead Futures 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 lead futures to butter ratio
Lead Futures to Butter ratio = Lead Futures price per Metric Ton ÷ Butter price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of butter per Metric Ton of lead futures — rather than a plain count.
Worked example, live prices: $1,909.83 ÷ $4,350.00 = 0.4390. The inverse is 2.278.
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 lead futures to butter ratio today?
The lead futures to butter ratio is 0.4390 — Lead Futures at $1,909.83 per Metric Ton divided by Butter at $4,350.00 per Metric Ton, from live mid-market prices.
How do you calculate the lead futures to butter ratio?
Divide the lead futures price per Metric Ton 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 Metric Ton of lead futures.
What is the inverse of the lead futures to butter ratio?
The inverse, butter to lead futures, is 2.278 — how many Metric Tons of lead futures one Metric Ton of butter buys.