Market Activity

The fat market was very quiet today with little trading reported. Illinois yellow grease was steady at $0.1800. Biodiesel buyers in the NY market refuted reports of higher bids, suggesting that at an average price of $0.1850 FOB, the producers are still losing money.

Assuming a $0.04 freight price, the delivered per gallon cost would be $1.6875. Applying further assumptions of an 85% yield from 10/2 product and a…