Commodity ratio · live
Milk to Soybean Meal Ratio
The milk to soybean meal ratio is 0.05065 — Milk at $16.63 per Hundredweight divided by Soybean Meal at $328.36 per Bushel.
Prices as of Aug 24, 2026, 10:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Soybean Meal ratio
1.000 Cwt of milk = 0.05065 Bu of soybean meal
Inverse (ZM/MILK): 19.75 — one Bushel of soybean meal buys that much milk.
Below its 1 year average. (27th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Soybean Meal
$328.36
per Bushel
Unit basis: USD per Hundredweight ÷ USD per Bushel. The ratio reads as Bushels of soybean meal per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:28:17 GMT.
1Y average
0.05316
median 0.05218
1Y low
0.04589
Feb 26, 2026
1Y high
0.06439
Oct 1, 2025
Normal band
0.04902–0.05730
mean ± 1 std dev
Deviation from mean
-0.61σ
251 observations
Milk to Soybean Meal ratio charts
Pick a range once — it applies to the MILK/ZM ratio line, the OHLC candles and the Milk / Soybean Meal price chart below.
MILK/ZM ratio line
How many Bu of Soybean Meal one Cwt of Milk buys, over 1Y.
MILK/ZM ratio candles
Open, high, low and close of the MILK/ZM ratio for each period in the last 1Y.
Milk and Soybean Meal 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 meal ratio
Milk to Soybean Meal ratio = Milk price per Hundredweight ÷ Soybean Meal price per Bushel
The two legs use different units, so the result is a rate — Bushels of soybean meal per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $328.36 = 0.05065. The inverse is 19.75.
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 meal ratio today?
The milk to soybean meal ratio is 0.05065 — Milk at $16.63 per Hundredweight divided by Soybean Meal at $328.36 per Bushel, from live mid-market prices.
How do you calculate the milk to soybean meal ratio?
Divide the milk price per Hundredweight by the soybean meal price per Bushel. If the two units differ, the result is a rate rather than a plain count — read it as Bushels of soybean meal per Hundredweight of milk.
What is the inverse of the milk to soybean meal ratio?
The inverse, soybean meal to milk, is 19.75 — how many Hundredweights of milk one Bushel of soybean meal buys.