Commodity ratio · live
Natural Gas Futures to Milk Ratio
The natural gas futures to milk ratio is 0.1684 — Natural Gas Futures at $2.80 per Million British Thermal Units divided by Milk at $16.63 per Hundredweight.
Prices as of Aug 24, 2026, 11:33 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Milk ratio
1.000 MMBtu of natural gas futures = 0.1684 Cwt of milk
Inverse (MILK/NG-FUT): 5.939 — one Hundredweight of milk buys that much natural gas futures.
Below its 1 year average. (20th percentile of the last 1 year)
Natural Gas Futures
$2.80
per Million British Thermal Units
Milk
$16.63
per Hundredweight
Unit basis: USD per Million British Thermal Units ÷ USD per Hundredweight. The ratio reads as Hundredweights of milk per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 11:33:27 GMT.
1Y average
0.2055
median 0.1948
1Y low
0.1483
Apr 24, 2026
1Y high
0.4596
Jan 25, 2026
Normal band
0.1617–0.2494
mean ± 1 std dev
Deviation from mean
-0.85σ
350 observations
Natural Gas Futures to Milk ratio charts
Pick a range once — it applies to the NG-FUT/MILK ratio line, the OHLC candles and the Natural Gas Futures / Milk price chart below.
NG-FUT/MILK ratio line
How many Cwt of Milk one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/MILK ratio candles
Open, high, low and close of the NG-FUT/MILK ratio for each period in the last 1Y.
Natural Gas Futures and Milk 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 milk ratio
Natural Gas Futures to Milk ratio = Natural Gas Futures price per Million British Thermal Units ÷ Milk price per Hundredweight
The two legs use different units, so the result is a rate — Hundredweights of milk per Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.80 ÷ $16.63 = 0.1684. The inverse is 5.939.
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 milk ratio today?
The natural gas futures to milk ratio is 0.1684 — Natural Gas Futures at $2.80 per Million British Thermal Units divided by Milk at $16.63 per Hundredweight, from live mid-market prices.
How do you calculate the natural gas futures to milk ratio?
Divide the natural gas futures price per Million British Thermal Units by the milk price per Hundredweight. If the two units differ, the result is a rate rather than a plain count — read it as Hundredweights of milk per Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to milk ratio?
The inverse, milk to natural gas futures, is 5.939 — how many Million British Thermal Unitss of natural gas futures one Hundredweight of milk buys.