Commodity ratio · live
Natural Gas Futures to Butter Ratio
The natural gas futures to butter ratio is 0.0006437 — Natural Gas Futures at $2.80 per Million British Thermal Units divided by Butter at $4,350.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Butter ratio
1.000 MMBtu of natural gas futures = 0.0006437 T of butter
Inverse (BUTTER/NG-FUT): 1554 — one Metric Ton of butter buys that much natural gas futures.
Below its 1 year average. (26th percentile of the last 1 year)
Natural Gas Futures
$2.80
per Million British Thermal Units
Butter
€4,350.00
per Metric Ton
Unit basis: USD per Million British Thermal Units ÷ EUR per Metric Ton. The ratio reads as Metric Tons of butter per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 11:34:36 GMT.
These two commodities are quoted in different currencies (USD and EUR). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.0007543
median 0.0007133
1Y low
0.0003811
Aug 24, 2025
1Y high
0.001671
Jan 25, 2026
Normal band
0.0005845–0.0009242
mean ± 1 std dev
Deviation from mean
-0.65σ
350 observations
Natural Gas Futures to Butter ratio charts
Pick a range once — it applies to the NG-FUT/BUTTER ratio line, the OHLC candles and the Natural Gas Futures / Butter price chart below.
NG-FUT/BUTTER ratio line
How many T of Butter one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/BUTTER ratio candles
Open, high, low and close of the NG-FUT/BUTTER ratio for each period in the last 1Y.
Natural Gas Futures and Butter prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the natural gas futures to butter ratio
Natural Gas Futures to Butter ratio = Natural Gas Futures price per Million British Thermal Units ÷ Butter price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of butter per Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.80 ÷ $4,350.00 = 0.0006437. The inverse is 1554.
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 natural gas futures to butter ratio today?
The natural gas futures to butter ratio is 0.0006437 — Natural Gas Futures at $2.80 per Million British Thermal Units divided by Butter at $4,350.00 per Metric Ton, from live mid-market prices.
How do you calculate the natural gas futures to butter ratio?
Divide the natural gas futures price per Million British Thermal Units by the butter 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 butter per Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to butter ratio?
The inverse, butter to natural gas futures, is 1554 — how many Million British Thermal Unitss of natural gas futures one Metric Ton of butter buys.