Commodity ratio · live
Nickel Futures to Milk Ratio
The nickel futures to milk ratio is 1023 — Nickel Futures at $17,004.63 per Metric Ton divided by Milk at $16.63 per Hundredweight.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Nickel Futures to Milk ratio
1.000 T of nickel futures = 1,022.5 Cwt of milk
Inverse (MILK/NICKEL-FUT): 0.0009780 — one Hundredweight of milk buys that much nickel futures.
Close to the middle of its 1 year range. (43th percentile of the last 1 year)
Nickel Futures
$17,004.63
per Metric Ton
Milk
$16.63
per Hundredweight
Unit basis: USD per Metric Ton ÷ USD per Hundredweight. The ratio reads as Hundredweights of milk per Metric Ton of nickel futures. Prices as of Mon, 24 Aug 2026 10:35:41 GMT.
1Y average
1028
median 1054
1Y low
833.1
Nov 21, 2025
1Y high
1298
Jan 27, 2026
Normal band
913.8–1142
mean ± 1 std dev
Deviation from mean
-0.05σ
363 observations
Nickel Futures to Milk ratio charts
Pick a range once — it applies to the NICKEL-FUT/MILK ratio line, the OHLC candles and the Nickel Futures / Milk price chart below.
NICKEL-FUT/MILK ratio line
How many Cwt of Milk one T of Nickel Futures buys, over 1Y.
NICKEL-FUT/MILK ratio candles
Open, high, low and close of the NICKEL-FUT/MILK ratio for each period in the last 1Y.
Nickel 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 nickel futures to milk ratio
Nickel Futures to Milk ratio = Nickel Futures price per Metric Ton ÷ Milk price per Hundredweight
The two legs use different units, so the result is a rate — Hundredweights of milk per Metric Ton of nickel futures — rather than a plain count.
Worked example, live prices: $17,004.63 ÷ $16.63 = 1023. The inverse is 0.0009780.
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 nickel futures to milk ratio today?
The nickel futures to milk ratio is 1023 — Nickel Futures at $17,004.63 per Metric Ton divided by Milk at $16.63 per Hundredweight, from live mid-market prices.
How do you calculate the nickel futures to milk ratio?
Divide the nickel futures price per Metric Ton 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 Metric Ton of nickel futures.
What is the inverse of the nickel futures to milk ratio?
The inverse, milk to nickel futures, is 0.0009780 — how many Metric Tons of nickel futures one Hundredweight of milk buys.