Commodity ratio · live
Soybean Meal to Milk Ratio
The soybean meal to milk ratio is 19.75 — Soybean Meal at $328.36 per Bushel divided by Milk at $16.63 per Hundredweight.
Prices as of Aug 24, 2026, 10:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybean Meal to Milk ratio
1.000 Bu of soybean meal = 19.745 Cwt of milk
Inverse (MILK/ZM): 0.05065 — one Hundredweight of milk buys that much soybean meal.
Above its 1 year average. (73th percentile of the last 1 year)
Soybean Meal
$328.36
per Bushel
Milk
$16.63
per Hundredweight
Unit basis: USD per Bushel ÷ USD per Hundredweight. The ratio reads as Hundredweights of milk per Bushel of soybean meal. Prices as of Mon, 24 Aug 2026 10:28:16 GMT.
1Y average
18.92
median 19.16
1Y low
15.53
Oct 1, 2025
1Y high
21.79
Feb 26, 2026
Normal band
17.55–20.29
mean ± 1 std dev
Deviation from mean
+0.60σ
251 observations
Soybean Meal to Milk ratio charts
Pick a range once — it applies to the ZM/MILK ratio line, the OHLC candles and the Soybean Meal / Milk price chart below.
ZM/MILK ratio line
How many Cwt of Milk one Bu of Soybean Meal buys, over 1Y.
ZM/MILK ratio candles
Open, high, low and close of the ZM/MILK ratio for each period in the last 1Y.
Soybean Meal 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 soybean meal to milk ratio
Soybean Meal to Milk ratio = Soybean Meal price per Bushel ÷ Milk price per Hundredweight
The two legs use different units, so the result is a rate — Hundredweights of milk per Bushel of soybean meal — rather than a plain count.
Worked example, live prices: $328.36 ÷ $16.63 = 19.75. The inverse is 0.05065.
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 soybean meal to milk ratio today?
The soybean meal to milk ratio is 19.75 — Soybean Meal at $328.36 per Bushel divided by Milk at $16.63 per Hundredweight, from live mid-market prices.
How do you calculate the soybean meal to milk ratio?
Divide the soybean meal price per Bushel 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 Bushel of soybean meal.
What is the inverse of the soybean meal to milk ratio?
The inverse, milk to soybean meal, is 0.05065 — how many Bushels of soybean meal one Hundredweight of milk buys.