Four cars of renderer grade bleachable fancy tallow (BFT) traded higher today. Yellow grease, choice white grease and poultry fat prices were all higher today as well. Tight supplies and big numbers at the Board of Trade continue to drive the market higher.

Choice white grease (CWG) traded as high as 42.5 cents FOB Missouri River today on continued strong demand and limited availability. Biodiesel, renewable diesel and feed are all buyers at the higher prices. March and May corn prices were up sharply today, settling at $5.6075 and $5.4500 per bushel, respectively. At $5.45 per bushel, fat should start to see some downward pressure above 39 cents per pound or at 400 percent of the price of corn. The prior five-year average for CWG to corn futures out of the Missouri River market for March is 334 percent, which would translate to 32.75 cents per pound today. March values haven’t averaged over 400 percent of the price of corn since 2012. Prices are higher relative to soybean…