Commodity ratio · live
Milk to Iron Ore 62% FE Ratio
The milk to iron ore 62% fe ratio is 0.1745 — Milk at $16.63 per Hundredweight divided by Iron Ore 62% FE at $95.28 per Metric Ton.
Prices as of Aug 24, 2026, 10:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Iron Ore 62% FE ratio
1.000 Cwt of milk = 0.1745 T of iron ore 62% fe
Inverse (TIOC/MILK): 5.729 — one Metric Ton of iron ore 62% fe buys that much milk.
Near the top of its 1 year range — historically stretched. (97th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Iron Ore 62% FE
$95.28
per Metric Ton
Unit basis: USD per Hundredweight ÷ USD per Metric Ton. The ratio reads as Metric Tons of iron ore 62% fe per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:27:39 GMT.
1Y average
0.1575
median 0.1587
1Y low
0.1348
Jan 27, 2026
1Y high
0.1816
Sep 4, 2025
Normal band
0.1483–0.1667
mean ± 1 std dev
Deviation from mean
+1.85σ
203 observations
Milk to Iron Ore 62% FE ratio charts
Pick a range once — it applies to the MILK/TIOC ratio line, the OHLC candles and the Milk / Iron Ore 62% FE price chart below.
MILK/TIOC ratio line
How many T of Iron Ore 62% FE one Cwt of Milk buys, over 1Y.
MILK/TIOC ratio candles
Open, high, low and close of the MILK/TIOC ratio for each period in the last 1Y.
Milk and Iron Ore 62% FE 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 iron ore 62% fe ratio
Milk to Iron Ore 62% FE ratio = Milk price per Hundredweight ÷ Iron Ore 62% FE price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of iron ore 62% fe per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $95.28 = 0.1745. The inverse is 5.729.
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 iron ore 62% fe ratio today?
The milk to iron ore 62% fe ratio is 0.1745 — Milk at $16.63 per Hundredweight divided by Iron Ore 62% FE at $95.28 per Metric Ton, from live mid-market prices.
How do you calculate the milk to iron ore 62% fe ratio?
Divide the milk price per Hundredweight by the iron ore 62% fe 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 iron ore 62% fe per Hundredweight of milk.
What is the inverse of the milk to iron ore 62% fe ratio?
The inverse, iron ore 62% fe to milk, is 5.729 — how many Hundredweights of milk one Metric Ton of iron ore 62% fe buys.