Commodity ratio · live
Magnesium to Milk Ratio
The magnesium to milk ratio is 1016 — Magnesium at $16,900.00 per Metric Ton divided by Milk at $16.63 per Hundredweight.
Prices as of Aug 24, 2026, 11:19 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Milk ratio
1.000 T of magnesium = 1,016.2 Cwt of milk
Inverse (MILK/MG): 0.0009840 — one Hundredweight of milk buys that much magnesium.
Below its 1 year average. (21th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Milk
$16.63
per Hundredweight
Unit basis: CNY per Metric Ton ÷ USD per Hundredweight. The ratio reads as Hundredweights of milk per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:19:41 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
1064
median 1052
1Y low
981.4
Dec 2, 2025
1Y high
1216
Jan 12, 2026
Normal band
1009–1119
mean ± 1 std dev
Deviation from mean
-0.86σ
357 observations
Magnesium to Milk ratio charts
Pick a range once — it applies to the MG/MILK ratio line, the OHLC candles and the Magnesium / Milk price chart below.
MG/MILK ratio line
How many Cwt of Milk one T of Magnesium buys, over 1Y.
MG/MILK ratio candles
Open, high, low and close of the MG/MILK ratio for each period in the last 1Y.
Magnesium 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 magnesium to milk ratio
Magnesium to Milk ratio = Magnesium 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 magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $16.63 = 1016. The inverse is 0.0009840.
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 magnesium to milk ratio today?
The magnesium to milk ratio is 1016 — Magnesium at $16,900.00 per Metric Ton divided by Milk at $16.63 per Hundredweight, from live mid-market prices.
How do you calculate the magnesium to milk ratio?
Divide the magnesium 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 magnesium.
What is the inverse of the magnesium to milk ratio?
The inverse, milk to magnesium, is 0.0009840 — how many Metric Tons of magnesium one Hundredweight of milk buys.