Market Activity

Choice white grease traded at an average of $0.2100 today out of the River market. At that price, the ratio to nearby corn is 322% and to the nearby bean oil market, 72%. The prior three year average relative price to soybean oil for October choice white grease is 68.3%, which could indicate there some room to go on the downside as we head into October. The relative price to corn, however, has a prior three year average of 345.8%. The strong hog kills look to keep…