Commodity ratio · live
Milk to Magnesium Ratio
The milk to magnesium ratio is 0.0009840 — Milk at $16.63 per Hundredweight divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:57 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Magnesium ratio
1.000 Cwt of milk = 0.0009840 T of magnesium
Inverse (MG/MILK): 1016 — one Metric Ton of magnesium buys that much milk.
Above its 1 year average. (79th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Hundredweight ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:57:39 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.0009424
median 0.0009503
1Y low
0.0008223
Jan 12, 2026
1Y high
0.001019
Dec 2, 2025
Normal band
0.0008958–0.0009891
mean ± 1 std dev
Deviation from mean
+0.89σ
357 observations
Milk to Magnesium ratio charts
Pick a range once — it applies to the MILK/MG ratio line, the OHLC candles and the Milk / Magnesium price chart below.
MILK/MG ratio line
How many T of Magnesium one Cwt of Milk buys, over 1Y.
MILK/MG ratio candles
Open, high, low and close of the MILK/MG ratio for each period in the last 1Y.
Milk and Magnesium 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 magnesium ratio
Milk to Magnesium ratio = Milk price per Hundredweight ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $16,900.00 = 0.0009840. The inverse is 1016.
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 magnesium ratio today?
The milk to magnesium ratio is 0.0009840 — Milk at $16.63 per Hundredweight divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the milk to magnesium ratio?
Divide the milk price per Hundredweight by the magnesium 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 magnesium per Hundredweight of milk.
What is the inverse of the milk to magnesium ratio?
The inverse, magnesium to milk, is 1016 — how many Hundredweights of milk one Metric Ton of magnesium buys.