Commodity ratio · live
Milk to Natural Gas Futures Ratio
The milk to natural gas futures ratio is 6.004 — Milk at $16.63 per Hundredweight divided by Natural Gas Futures at $2.77 per Million British Thermal Units.
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 Natural Gas Futures ratio
1.000 Cwt of milk = 6.004 MMBtu of natural gas futures
Inverse (NG-FUT/MILK): 0.1666 — one Million British Thermal Units of natural gas futures buys that much milk.
Above its 1 year average. (82th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Natural Gas Futures
$2.77
per Million British Thermal Units
Unit basis: USD per Hundredweight ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas futures per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:57:10 GMT.
1Y average
5.053
median 5.133
1Y low
2.176
Jan 25, 2026
1Y high
6.744
Apr 24, 2026
Normal band
4.146–5.960
mean ± 1 std dev
Deviation from mean
+1.05σ
350 observations
Milk to Natural Gas Futures ratio charts
Pick a range once — it applies to the MILK/NG-FUT ratio line, the OHLC candles and the Milk / Natural Gas Futures price chart below.
MILK/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one Cwt of Milk buys, over 1Y.
MILK/NG-FUT ratio candles
Open, high, low and close of the MILK/NG-FUT ratio for each period in the last 1Y.
Milk and Natural Gas 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 natural gas futures ratio
Milk to Natural Gas Futures ratio = Milk price per Hundredweight ÷ Natural Gas Futures price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas futures per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $2.77 = 6.004. The inverse is 0.1666.
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 natural gas futures ratio today?
The milk to natural gas futures ratio is 6.004 — Milk at $16.63 per Hundredweight divided by Natural Gas Futures at $2.77 per Million British Thermal Units, from live mid-market prices.
How do you calculate the milk to natural gas futures ratio?
Divide the milk price per Hundredweight by the natural gas futures price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas futures per Hundredweight of milk.
What is the inverse of the milk to natural gas futures ratio?
The inverse, natural gas futures to milk, is 0.1666 — how many Hundredweights of milk one Million British Thermal Units of natural gas futures buys.