Risk for Lower Prices Builds on Threat of Reformulations

**Please note**There Mo. River yellow grease prices was adjusted to 20 – 22 cents at 3:30 CT on Thursday.**

Yellow grease prices moved higher out of the Missouri River today on limited supply of feed fat in the spot market. A wider spread to choice white grease out of the Mo. River market has allowed sellers to push prices higher. For the month of April, yellow grease has traded at a relative price to nearby corn of 319 percent. When referencing today’s trades with the cash corn market, the relative price is 413 percent. As stated, an overall tight fat market has driven prices higher but there is substantial risk in…