Commodity ratio · live
Milk to Cotton Ratio
The milk to cotton ratio is 18.69 — Milk at $16.63 per Hundredweight divided by Cotton at $0.8900 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 Cotton ratio
1.000 Cwt of milk = 18.685 Lb of cotton
Inverse (CT/MILK): 0.05352 — one Pound of cotton buys that much milk.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Cotton
$0.8900
per Pound
Unit basis: USD per Hundredweight ÷ USD per Pound. The ratio reads as Pounds of cotton per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:24:44 GMT.
1Y average
23.13
median 23.18
1Y low
18.47
Aug 21, 2026
1Y high
27.30
Nov 21, 2025
Normal band
20.64–25.63
mean ± 1 std dev
Deviation from mean
-1.78σ
251 observations
Milk to Cotton ratio charts
Pick a range once — it applies to the MILK/CT ratio line, the OHLC candles and the Milk / Cotton price chart below.
MILK/CT ratio line
How many Lb of Cotton one Cwt of Milk buys, over 1Y.
MILK/CT ratio candles
Open, high, low and close of the MILK/CT ratio for each period in the last 1Y.
Milk and Cotton 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 cotton ratio
Milk to Cotton ratio = Milk price per Hundredweight ÷ Cotton price per Pound
The two legs use different units, so the result is a rate — Pounds of cotton per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $0.8900 = 18.69. The inverse is 0.05352.
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 cotton ratio today?
The milk to cotton ratio is 18.69 — Milk at $16.63 per Hundredweight divided by Cotton at $0.8900 per Pound, from live mid-market prices.
How do you calculate the milk to cotton ratio?
Divide the milk price per Hundredweight by the cotton price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of cotton per Hundredweight of milk.
What is the inverse of the milk to cotton ratio?
The inverse, cotton to milk, is 0.05352 — how many Hundredweights of milk one Pound of cotton buys.