Commodity ratio · live
Milk to Lead Futures Ratio
The milk to lead futures ratio is 0.008703 — Milk at $16.63 per Hundredweight divided by Lead Futures at $1,910.83 per Metric Ton.
Prices as of Aug 24, 2026, 11:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Lead Futures ratio
1.000 Cwt of milk = 0.008703 T of lead futures
Inverse (LEAD-FUT/MILK): 114.9 — one Metric Ton of lead futures buys that much milk.
Above its 1 year average. (83th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Lead Futures
$1,910.83
per Metric Ton
Unit basis: USD per Hundredweight ÷ USD per Metric Ton. The ratio reads as Metric Tons of lead futures per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 11:31:18 GMT.
1Y average
0.008282
median 0.008380
1Y low
0.007014
Jan 17, 2026
1Y high
0.009243
Apr 2, 2026
Normal band
0.007821–0.008742
mean ± 1 std dev
Deviation from mean
+0.91σ
347 observations
Milk to Lead Futures ratio charts
Pick a range once — it applies to the MILK/LEAD-FUT ratio line, the OHLC candles and the Milk / Lead Futures price chart below.
MILK/LEAD-FUT ratio line
How many T of Lead Futures one Cwt of Milk buys, over 1Y.
MILK/LEAD-FUT ratio candles
Open, high, low and close of the MILK/LEAD-FUT ratio for each period in the last 1Y.
Milk and Lead 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 lead futures ratio
Milk to Lead Futures ratio = Milk price per Hundredweight ÷ Lead Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of lead futures per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $1,910.83 = 0.008703. The inverse is 114.9.
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 lead futures ratio today?
The milk to lead futures ratio is 0.008703 — Milk at $16.63 per Hundredweight divided by Lead Futures at $1,910.83 per Metric Ton, from live mid-market prices.
How do you calculate the milk to lead futures ratio?
Divide the milk price per Hundredweight by the lead futures 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 lead futures per Hundredweight of milk.
What is the inverse of the milk to lead futures ratio?
The inverse, lead futures to milk, is 114.9 — how many Hundredweights of milk one Metric Ton of lead futures buys.