Commodity ratio · live
Milk to Copper Futures Ratio
The milk to copper futures ratio is 2.524 — Milk at $16.63 per Hundredweight divided by Copper Futures at $6.59 per Pound.
Prices as of Aug 24, 2026, 11:36 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Copper Futures ratio
1.000 Cwt of milk = 2.524 Lb of copper futures
Inverse (HG-FUT/MILK): 0.3963 — one Pound of copper futures buys that much milk.
Below its 1 year average. (19th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Copper Futures
$6.59
per Pound
Unit basis: USD per Hundredweight ÷ USD per Pound. The ratio reads as Pounds of copper futures per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 11:36:01 GMT.
1Y average
2.868
median 2.744
1Y low
2.292
Jan 28, 2026
1Y high
4.073
Aug 31, 2025
Normal band
2.468–3.267
mean ± 1 std dev
Deviation from mean
-0.86σ
332 observations
Milk to Copper Futures ratio charts
Pick a range once — it applies to the MILK/HG-FUT ratio line, the OHLC candles and the Milk / Copper Futures price chart below.
MILK/HG-FUT ratio line
How many Lb of Copper Futures one Cwt of Milk buys, over 1Y.
MILK/HG-FUT ratio candles
Open, high, low and close of the MILK/HG-FUT ratio for each period in the last 1Y.
Milk and Copper Futures 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 copper futures ratio
Milk to Copper Futures ratio = Milk price per Hundredweight ÷ Copper Futures price per Pound
The two legs use different units, so the result is a rate — Pounds of copper futures per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $6.59 = 2.524. The inverse is 0.3963.
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 milk to copper futures ratio today?
The milk to copper futures ratio is 2.524 — Milk at $16.63 per Hundredweight divided by Copper Futures at $6.59 per Pound, from live mid-market prices.
How do you calculate the milk to copper futures ratio?
Divide the milk price per Hundredweight by the copper futures price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of copper futures per Hundredweight of milk.
What is the inverse of the milk to copper futures ratio?
The inverse, copper futures to milk, is 0.3963 — how many Hundredweights of milk one Pound of copper futures buys.