Commodity ratio · live
Milk to Hot-Rolled Coil Steel Ratio
The milk to hot-rolled coil steel ratio is 0.01389 — Milk at $16.63 per Hundredweight divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Hot-Rolled Coil Steel ratio
1.000 Cwt of milk = 0.01389 T of hot-rolled coil steel
Inverse (HRC-STEEL/MILK): 71.98 — one Metric Ton of hot-rolled coil steel buys that much milk.
Below its 1 year average. (21th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Hot-Rolled Coil Steel
$1,197.06
per Metric Ton
Unit basis: USD per Hundredweight ÷ USD per Metric Ton. The ratio reads as Metric Tons of hot-rolled coil steel per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:35:51 GMT.
1Y average
0.01655
median 0.01553
1Y low
0.01299
Jul 29, 2026
1Y high
0.02306
Aug 31, 2025
Normal band
0.01371–0.01939
mean ± 1 std dev
Deviation from mean
-0.94σ
354 observations
Milk to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the MILK/HRC-STEEL ratio line, the OHLC candles and the Milk / Hot-Rolled Coil Steel price chart below.
MILK/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one Cwt of Milk buys, over 1Y.
MILK/HRC-STEEL ratio candles
Open, high, low and close of the MILK/HRC-STEEL ratio for each period in the last 1Y.
Milk and Hot-Rolled Coil Steel 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 hot-rolled coil steel ratio
Milk to Hot-Rolled Coil Steel ratio = Milk price per Hundredweight ÷ Hot-Rolled Coil Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of hot-rolled coil steel per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $1,197.06 = 0.01389. The inverse is 71.98.
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 hot-rolled coil steel ratio today?
The milk to hot-rolled coil steel ratio is 0.01389 — Milk at $16.63 per Hundredweight divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton, from live mid-market prices.
How do you calculate the milk to hot-rolled coil steel ratio?
Divide the milk price per Hundredweight by the hot-rolled coil steel 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 hot-rolled coil steel per Hundredweight of milk.
What is the inverse of the milk to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to milk, is 71.98 — how many Hundredweights of milk one Metric Ton of hot-rolled coil steel buys.