Commodity ratio · live
Milk to Butter Ratio
The milk to butter ratio is 0.003823 — Milk at $16.63 per Hundredweight 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.
Milk to Butter ratio
1.000 Cwt of milk = 0.003823 T of butter
Inverse (BUTTER/MILK): 261.6 — one Metric Ton of butter buys that much milk.
Close to the middle of its 1 year range. (56th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Butter
€4,350.00
per Metric Ton
Unit basis: USD per Hundredweight ÷ EUR per Metric Ton. The ratio reads as Metric Tons of butter per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:30:09 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
0.003661
median 0.003711
1Y low
0.002509
Aug 24, 2025
1Y high
0.004427
Apr 30, 2026
Normal band
0.003234–0.004088
mean ± 1 std dev
Deviation from mean
+0.38σ
362 observations
Milk to Butter ratio charts
Pick a range once — it applies to the MILK/BUTTER ratio line, the OHLC candles and the Milk / Butter price chart below.
MILK/BUTTER ratio line
How many T of Butter one Cwt of Milk buys, over 1Y.
MILK/BUTTER ratio candles
Open, high, low and close of the MILK/BUTTER ratio for each period in the last 1Y.
Milk 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 milk to butter ratio
Milk to Butter ratio = Milk price per Hundredweight ÷ Butter price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of butter per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $4,350.00 = 0.003823. The inverse is 261.6.
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 milk to butter ratio today?
The milk to butter ratio is 0.003823 — Milk at $16.63 per Hundredweight divided by Butter at $4,350.00 per Metric Ton, from live mid-market prices.
How do you calculate the milk to butter ratio?
Divide the milk price per Hundredweight 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 Hundredweight of milk.
What is the inverse of the milk to butter ratio?
The inverse, butter to milk, is 261.6 — how many Hundredweights of milk one Metric Ton of butter buys.