Commodity ratio · live
Milk to Cheese Ratio
The milk to cheese ratio is 10.33 — Milk at $16.63 per Hundredweight divided by Cheese at $1.61 per Pound.
Prices as of Aug 24, 2026, 10:24 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Cheese ratio
1.000 Cwt of milk = 10.329 Lb of cheese
Inverse (CHE/MILK): 0.09681 — one Pound of cheese buys that much milk.
Above its 1 year average. (73th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Cheese
$1.61
per Pound
Unit basis: USD per Hundredweight ÷ USD per Pound. The ratio reads as Pounds of cheese per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:24:24 GMT.
1Y average
9.996
median 9.923
1Y low
8.776
Feb 28, 2026
1Y high
11.22
Dec 1, 2025
Normal band
9.640–10.35
mean ± 1 std dev
Deviation from mean
+0.94σ
356 observations
Milk to Cheese ratio charts
Pick a range once — it applies to the MILK/CHE ratio line, the OHLC candles and the Milk / Cheese price chart below.
MILK/CHE ratio line
How many Lb of Cheese one Cwt of Milk buys, over 1Y.
MILK/CHE ratio candles
Open, high, low and close of the MILK/CHE ratio for each period in the last 1Y.
Milk and Cheese 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 cheese ratio
Milk to Cheese ratio = Milk price per Hundredweight ÷ Cheese price per Pound
The two legs use different units, so the result is a rate — Pounds of cheese per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $1.61 = 10.33. The inverse is 0.09681.
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 cheese ratio today?
The milk to cheese ratio is 10.33 — Milk at $16.63 per Hundredweight divided by Cheese at $1.61 per Pound, from live mid-market prices.
How do you calculate the milk to cheese ratio?
Divide the milk price per Hundredweight by the cheese price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of cheese per Hundredweight of milk.
What is the inverse of the milk to cheese ratio?
The inverse, cheese to milk, is 0.09681 — how many Hundredweights of milk one Pound of cheese buys.