Commodity ratio · live
Milk to Soybean Oil Ratio
The milk to soybean oil ratio is 24.44 — Milk at $16.63 per Hundredweight divided by Soybean Oil at $0.6804 per Pound.
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 Soybean Oil ratio
1.000 Cwt of milk = 24.442 Lb of soybean oil
Inverse (ZL/MILK): 0.04091 — one Pound of soybean oil buys that much milk.
Close to the middle of its 1 year range. (38th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Soybean Oil
¢0.6804
per Pound
Unit basis: USD per Hundredweight ÷ US Cent per Pound. The ratio reads as Pounds of soybean oil per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:27:47 GMT.
1Y average
27.67
median 25.74
1Y low
20.91
Jun 3, 2026
1Y high
36.06
Sep 23, 2025
Normal band
23.10–32.24
mean ± 1 std dev
Deviation from mean
-0.71σ
251 observations
Milk to Soybean Oil ratio charts
Pick a range once — it applies to the MILK/ZL ratio line, the OHLC candles and the Milk / Soybean Oil price chart below.
MILK/ZL ratio line
How many Lb of Soybean Oil one Cwt of Milk buys, over 1Y.
MILK/ZL ratio candles
Open, high, low and close of the MILK/ZL ratio for each period in the last 1Y.
Milk and Soybean Oil 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 soybean oil ratio
Milk to Soybean Oil ratio = Milk price per Hundredweight ÷ Soybean Oil price per Pound
The two legs use different units, so the result is a rate — Pounds of soybean oil per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $0.6804 = 24.44. The inverse is 0.04091.
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 soybean oil ratio today?
The milk to soybean oil ratio is 24.44 — Milk at $16.63 per Hundredweight divided by Soybean Oil at $0.6804 per Pound, from live mid-market prices.
How do you calculate the milk to soybean oil ratio?
Divide the milk price per Hundredweight by the soybean oil price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of soybean oil per Hundredweight of milk.
What is the inverse of the milk to soybean oil ratio?
The inverse, soybean oil to milk, is 0.04091 — how many Hundredweights of milk one Pound of soybean oil buys.