Commodity ratio · live
Lean Hogs to Steel Ratio
The lean hogs to steel ratio is 0.02668 — Lean Hogs at $81.80 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lean Hogs to Steel ratio
1.000 T of lean hogs = 0.02668 T of steel
Inverse (STEEL/LHOGS): 37.48 — one Metric Ton of steel buys that much lean hogs.
Below its 1 year average. (13th percentile of the last 1 year)
Lean Hogs
$81.80
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of lean hogs. Prices as of Mon, 24 Aug 2026 11:27:37 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.02933
median 0.02955
1Y low
0.02441
Jan 7, 2026
1Y high
0.03664
Oct 1, 2025
Normal band
0.02717–0.03149
mean ± 1 std dev
Deviation from mean
-1.23σ
202 observations
Lean Hogs to Steel ratio charts
Pick a range once — it applies to the LHOGS/STEEL ratio line, the OHLC candles and the Lean Hogs / Steel price chart below.
LHOGS/STEEL ratio line
How many T of Steel one T of Lean Hogs buys, over 1Y.
LHOGS/STEEL ratio candles
Open, high, low and close of the LHOGS/STEEL ratio for each period in the last 1Y.
Lean Hogs and Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the lean hogs to steel ratio
Lean Hogs to Steel ratio = Lean Hogs price per Metric Ton ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Metric Ton of lean hogs — rather than a plain count.
Worked example, live prices: $81.80 ÷ $3,066.00 = 0.02668. The inverse is 37.48.
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 lean hogs to steel ratio today?
The lean hogs to steel ratio is 0.02668 — Lean Hogs at $81.80 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the lean hogs to steel ratio?
Divide the lean hogs price per Metric Ton by the steel 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 steel per Metric Ton of lean hogs.
What is the inverse of the lean hogs to steel ratio?
The inverse, steel to lean hogs, is 37.48 — how many Metric Tons of lean hogs one Metric Ton of steel buys.