Commodity ratio · live
Milk to Lumber Futures Ratio
The milk to lumber futures ratio is 0.02897 — Milk at $16.63 per Hundredweight divided by Lumber Futures at $574.00 per Thousand Board Feet.
Prices as of Aug 24, 2026, 10:49 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Lumber Futures ratio
1.000 Cwt of milk = 0.02897 Mbf of lumber futures
Inverse (LB-FUT/MILK): 34.52 — one Thousand Board Feet of lumber futures buys that much milk.
Close to the middle of its 1 year range. (62th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Lumber Futures
$574.00
per Thousand Board Feet
Unit basis: USD per Hundredweight ÷ USD per Thousand Board Feet. The ratio reads as Thousand Board Feets of lumber futures per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:49:24 GMT.
1Y average
0.02812
median 0.02865
1Y low
0.02373
Jul 23, 2026
1Y high
0.03491
Sep 7, 2025
Normal band
0.02578–0.03046
mean ± 1 std dev
Deviation from mean
+0.36σ
338 observations
Milk to Lumber Futures ratio charts
Pick a range once — it applies to the MILK/LB-FUT ratio line, the OHLC candles and the Milk / Lumber Futures price chart below.
MILK/LB-FUT ratio line
How many Mbf of Lumber Futures one Cwt of Milk buys, over 1Y.
MILK/LB-FUT ratio candles
Open, high, low and close of the MILK/LB-FUT ratio for each period in the last 1Y.
Milk and Lumber 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 lumber futures ratio
Milk to Lumber Futures ratio = Milk price per Hundredweight ÷ Lumber Futures price per Thousand Board Feet
The two legs use different units, so the result is a rate — Thousand Board Feets of lumber futures per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $574.00 = 0.02897. The inverse is 34.52.
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 lumber futures ratio today?
The milk to lumber futures ratio is 0.02897 — Milk at $16.63 per Hundredweight divided by Lumber Futures at $574.00 per Thousand Board Feet, from live mid-market prices.
How do you calculate the milk to lumber futures ratio?
Divide the milk price per Hundredweight by the lumber futures price per Thousand Board Feet. If the two units differ, the result is a rate rather than a plain count — read it as Thousand Board Feets of lumber futures per Hundredweight of milk.
What is the inverse of the milk to lumber futures ratio?
The inverse, lumber futures to milk, is 34.52 — how many Hundredweights of milk one Thousand Board Feet of lumber futures buys.