Commodity ratio · live
Steel to Boxed Beef Cutout, Choice Ratio
The steel to boxed beef cutout, choice ratio is 7.838 — Steel at $3,066.00 per Metric Ton divided by Boxed Beef Cutout, Choice at $391.15 per Hundredweight.
Prices as of Aug 24, 2026, 11:29 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Boxed Beef Cutout, Choice ratio
1.000 T of steel = 7.838 cwt of boxed beef cutout, choice
Inverse (BEEF-CHOICE/STEEL): 0.1276 — one Hundredweight of boxed beef cutout, choice buys that much steel.
Below its 1 year average. (23th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Boxed Beef Cutout, Choice
$391.15
per Hundredweight
Unit basis: CNY per Metric Ton ÷ USD per Hundredweight. The ratio reads as Hundredweights of boxed beef cutout, choice per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:29:08 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
8.008
median 8.042
1Y low
7.636
Aug 19, 2026
1Y high
8.286
Aug 6, 2026
Normal band
7.820–8.195
mean ± 1 std dev
Deviation from mean
-0.90σ
13 observations
Steel to Boxed Beef Cutout, Choice ratio charts
Pick a range once — it applies to the STEEL/BEEF-CHOICE ratio line, the OHLC candles and the Steel / Boxed Beef Cutout, Choice price chart below.
STEEL/BEEF-CHOICE ratio line
How many cwt of Boxed Beef Cutout, Choice one T of Steel buys, over 1Y.
STEEL/BEEF-CHOICE ratio candles
Open, high, low and close of the STEEL/BEEF-CHOICE ratio for each period in the last 1Y.
Steel and Boxed Beef Cutout, Choice prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the steel to boxed beef cutout, choice ratio
Steel to Boxed Beef Cutout, Choice ratio = Steel price per Metric Ton ÷ Boxed Beef Cutout, Choice price per Hundredweight
The two legs use different units, so the result is a rate — Hundredweights of boxed beef cutout, choice per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $391.15 = 7.838. The inverse is 0.1276.
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 steel to boxed beef cutout, choice ratio today?
The steel to boxed beef cutout, choice ratio is 7.838 — Steel at $3,066.00 per Metric Ton divided by Boxed Beef Cutout, Choice at $391.15 per Hundredweight, from live mid-market prices.
How do you calculate the steel to boxed beef cutout, choice ratio?
Divide the steel price per Metric Ton by the boxed beef cutout, choice price per Hundredweight. If the two units differ, the result is a rate rather than a plain count — read it as Hundredweights of boxed beef cutout, choice per Metric Ton of steel.
What is the inverse of the steel to boxed beef cutout, choice ratio?
The inverse, boxed beef cutout, choice to steel, is 0.1276 — how many Metric Tons of steel one Hundredweight of boxed beef cutout, choice buys.