Commodity ratio · live
Lead Futures to Milk Ratio
The lead futures to milk ratio is 114.7 — Lead Futures at $1,907.93 per Metric Ton divided by Milk at $16.63 per Hundredweight.
Prices as of Aug 24, 2026, 12:16 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lead Futures to Milk ratio
1.000 T of lead futures = 114.728 Cwt of milk
Inverse (MILK/LEAD-FUT): 0.008716 — one Hundredweight of milk buys that much lead futures.
Below its 1 year average. (16th percentile of the last 1 year)
Lead Futures
$1,907.93
per Metric Ton
Milk
$16.63
per Hundredweight
Unit basis: USD per Metric Ton ÷ USD per Hundredweight. The ratio reads as Hundredweights of milk per Metric Ton of lead futures. Prices as of Mon, 24 Aug 2026 12:16:39 GMT.
1Y average
121.1
median 119.3
1Y low
108.2
Apr 2, 2026
1Y high
142.6
Jan 17, 2026
Normal band
114.0–128.3
mean ± 1 std dev
Deviation from mean
-0.90σ
347 observations
Lead Futures to Milk ratio charts
Pick a range once — it applies to the LEAD-FUT/MILK ratio line, the OHLC candles and the Lead Futures / Milk price chart below.
LEAD-FUT/MILK ratio line
How many Cwt of Milk one T of Lead Futures buys, over 1Y.
LEAD-FUT/MILK ratio candles
Open, high, low and close of the LEAD-FUT/MILK ratio for each period in the last 1Y.
Lead Futures 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 lead futures to milk ratio
Lead Futures to Milk ratio = Lead Futures price per Metric Ton ÷ Milk price per Hundredweight
The two legs use different units, so the result is a rate — Hundredweights of milk per Metric Ton of lead futures — rather than a plain count.
Worked example, live prices: $1,907.93 ÷ $16.63 = 114.7. The inverse is 0.008716.
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 lead futures to milk ratio today?
The lead futures to milk ratio is 114.7 — Lead Futures at $1,907.93 per Metric Ton divided by Milk at $16.63 per Hundredweight, from live mid-market prices.
How do you calculate the lead futures to milk ratio?
Divide the lead futures price per Metric Ton 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 Metric Ton of lead futures.
What is the inverse of the lead futures to milk ratio?
The inverse, milk to lead futures, is 0.008716 — how many Metric Tons of lead futures one Hundredweight of milk buys.