Commodity ratio · live
Steel to Lean Hogs Ratio
The steel to lean hogs ratio is 37.48 — Steel at $3,066.00 per Metric Ton divided by Lean Hogs at $81.80 per Metric Ton.
Prices as of Aug 24, 2026, 11:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Lean Hogs ratio
1.000 T of steel = 37.482 T of lean hogs
Inverse (LHOGS/STEEL): 0.02668 — one Metric Ton of lean hogs buys that much steel.
Above its 1 year average. (87th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Lean Hogs
$81.80
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of lean hogs per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:27:38 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
34.28
median 33.84
1Y low
27.29
Oct 1, 2025
1Y high
40.97
Jan 7, 2026
Normal band
31.74–36.83
mean ± 1 std dev
Deviation from mean
+1.26σ
202 observations
Steel to Lean Hogs ratio charts
Pick a range once — it applies to the STEEL/LHOGS ratio line, the OHLC candles and the Steel / Lean Hogs price chart below.
STEEL/LHOGS ratio line
How many T of Lean Hogs one T of Steel buys, over 1Y.
STEEL/LHOGS ratio candles
Open, high, low and close of the STEEL/LHOGS ratio for each period in the last 1Y.
Steel and Lean Hogs 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 lean hogs ratio
Steel to Lean Hogs ratio = Steel price per Metric Ton ÷ Lean Hogs price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of lean hogs per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $81.80 = 37.48. The inverse is 0.02668.
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 lean hogs ratio today?
The steel to lean hogs ratio is 37.48 — Steel at $3,066.00 per Metric Ton divided by Lean Hogs at $81.80 per Metric Ton, from live mid-market prices.
How do you calculate the steel to lean hogs ratio?
Divide the steel price per Metric Ton by the lean hogs 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 lean hogs per Metric Ton of steel.
What is the inverse of the steel to lean hogs ratio?
The inverse, lean hogs to steel, is 0.02668 — how many Metric Tons of steel one Metric Ton of lean hogs buys.