Market Activity

The fat market remained quiet today with little action reported. Lower bids were reported on yellow grease and corn oil, but thus far sellers have not felt the need to acquiesce. Soybean oil finished the day slightly higher with the May contract settling at $0.3178. Packer BFT now sits at a relative price to nearby soybean oil of 75.5%. The five year average for April is 93.6% and the relative price to bean oil hasn’t been below 83% in April since 2009 in the wake…