Commodity ratio · live
Wheat Futures to Beef Ratio
The wheat futures to beef ratio is 68.81 — Wheat Futures at $25,593.02 per kilogram divided by Beef at $371.94 per kilogram.
Wheat futures is quoted per ounce and beef per kilogram, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Prices as of Sep 22, 2026, 3:23 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Beef ratio
1.000 kg of wheat futures = 68.810 kg of beef
Inverse (BEEF/ZW-FUT): 0.01453 — one kilogram of beef buys that much wheat futures.
Above its 1 year average. (85th percentile of the last 1 year)
Wheat Futures
$25,593.02
per kilogram
Beef
$371.94
per kilogram
Unit basis: USD per kilogram ÷ USD per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number. Prices as of Tue, 22 Sep 2026 03:23:18 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Wheat futures is quoted per ounce and beef per kilogram, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
1Y average
65.45
median 66.34
1Y low
59.61
Aug 18, 2026
1Y high
72.47
Aug 28, 2026
Normal band
62.06–68.84
mean ± 1 std dev
Deviation from mean
+0.99σ
33 observations
Wheat Futures to Beef ratio charts
Pick a range once — it applies to the ZW-FUT/BEEF ratio line, the OHLC candles and the Wheat Futures / Beef price chart below.
ZW-FUT/BEEF ratio line
How many kg of Beef one kg of Wheat Futures buys, over 1Y.
ZW-FUT/BEEF ratio candles
Open, high, low and close of the ZW-FUT/BEEF ratio for each period in the last 1Y.
Wheat Futures and Beef prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the wheat futures to beef ratio
Wheat Futures to Beef ratio = Wheat Futures price in USD per kilogram ÷ Beef price in USD per kilogram
Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
Wheat futures is quoted per ounce and beef per kilogram, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Worked example, live prices: $25,593.02 per kilogram ÷ $371.94 per kilogram = 68.81. The inverse is 0.01453.
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 | 4368.39 |
| 2 | XAG | Silver | 67.48 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 88.95 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 97.62 |
| 5 | NG-FUT | Natural Gas Futures | 3.01 |
| 6 | PL | 1845.80 | |
| 7 | PA | 1319.40 |
Frequently asked questions
What is the wheat futures to beef ratio today?
The wheat futures to beef ratio is 68.81 — Wheat Futures at $25,593.02 per kilogram divided by Beef at $371.94 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the wheat futures to beef ratio?
Divide the wheat futures price per kilogram by the beef price per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
What is the inverse of the wheat futures to beef ratio?
The inverse, beef to wheat futures, is 0.01453 — how many kilograms of wheat futures one kilogram of beef buys.