Commodity ratio · live
Milk to Cobalt Ratio
The milk to cobalt ratio is 0.0002954 — Milk at $16.63 per Hundredweight divided by Cobalt at $56,290.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:00 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Cobalt ratio
1.000 Cwt of milk = 0.0002954 T of cobalt
Inverse (COB/MILK): 3385 — one Metric Ton of cobalt buys that much milk.
Close to the middle of its 1 year range. (45th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Cobalt
$56,290.00
per Metric Ton
Unit basis: USD per Hundredweight ÷ USD per Metric Ton. The ratio reads as Metric Tons of cobalt per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 11:00:10 GMT.
1Y average
0.0003271
median 0.0002992
1Y low
0.0002595
Feb 2, 2026
1Y high
0.0005376
Aug 31, 2025
Normal band
0.0002498–0.0004045
mean ± 1 std dev
Deviation from mean
-0.41σ
362 observations
Milk to Cobalt ratio charts
Pick a range once — it applies to the MILK/COB ratio line, the OHLC candles and the Milk / Cobalt price chart below.
MILK/COB ratio line
How many T of Cobalt one Cwt of Milk buys, over 1Y.
MILK/COB ratio candles
Open, high, low and close of the MILK/COB ratio for each period in the last 1Y.
Milk and Cobalt 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 cobalt ratio
Milk to Cobalt ratio = Milk price per Hundredweight ÷ Cobalt price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of cobalt per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $56,290.00 = 0.0002954. The inverse is 3385.
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 milk to cobalt ratio today?
The milk to cobalt ratio is 0.0002954 — Milk at $16.63 per Hundredweight divided by Cobalt at $56,290.00 per Metric Ton, from live mid-market prices.
How do you calculate the milk to cobalt ratio?
Divide the milk price per Hundredweight by the cobalt 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 cobalt per Hundredweight of milk.
What is the inverse of the milk to cobalt ratio?
The inverse, cobalt to milk, is 3385 — how many Hundredweights of milk one Metric Ton of cobalt buys.