Market Activity

The yellow grease market has picked up in recent weeks with feed and biodiesel demand leading the charge higher. Prices have been due for an upward correction after spending 2018 at low ratios to both soybean oil and corn. May Illinois yellow grease closed the month at a relative price to soybean oil of 67.4%, well below last year’s 77.6% for May. The May relative price of yellow grease to soybean oil is the lowest May figure since 2009. Biodiesel demand typically…