Commodity ratio · live
Natural Gas Futures to Cheese Ratio
The natural gas futures to cheese ratio is 1.752 — Natural Gas Futures at $2.82 per Million British Thermal Units divided by Cheese at $1.61 per Pound.
Prices as of Aug 24, 2026, 12:17 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Cheese ratio
1.000 MMBtu of natural gas futures = 1.752 Lb of cheese
Inverse (CHE/NG-FUT): 0.5709 — one Pound of cheese buys that much natural gas futures.
Close to the middle of its 1 year range. (34th percentile of the last 1 year)
Natural Gas Futures
$2.82
per Million British Thermal Units
Cheese
$1.61
per Pound
Unit basis: USD per Million British Thermal Units ÷ USD per Pound. The ratio reads as Pounds of cheese per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 12:17:47 GMT.
1Y average
2.059
median 1.918
1Y low
1.471
Apr 24, 2026
1Y high
4.794
Jan 25, 2026
Normal band
1.584–2.534
mean ± 1 std dev
Deviation from mean
-0.65σ
352 observations
Natural Gas Futures to Cheese ratio charts
Pick a range once — it applies to the NG-FUT/CHE ratio line, the OHLC candles and the Natural Gas Futures / Cheese price chart below.
NG-FUT/CHE ratio line
How many Lb of Cheese one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/CHE ratio candles
Open, high, low and close of the NG-FUT/CHE ratio for each period in the last 1Y.
Natural Gas Futures and Cheese 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 cheese ratio
Natural Gas Futures to Cheese ratio = Natural Gas Futures price per Million British Thermal Units ÷ Cheese price per Pound
The two legs use different units, so the result is a rate — Pounds of cheese per Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.82 ÷ $1.61 = 1.752. The inverse is 0.5709.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the natural gas futures to cheese ratio today?
The natural gas futures to cheese ratio is 1.752 — Natural Gas Futures at $2.82 per Million British Thermal Units divided by Cheese at $1.61 per Pound, from live mid-market prices.
How do you calculate the natural gas futures to cheese ratio?
Divide the natural gas futures price per Million British Thermal Units by the cheese price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of cheese per Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to cheese ratio?
The inverse, cheese to natural gas futures, is 0.5709 — how many Million British Thermal Unitss of natural gas futures one Pound of cheese buys.