I know how much APUGers seem to like making concentrates. Potassium ferricyanide is safe to use however if there has been any degradation there may be a problem. As a matter of caution potassium ferricyanide and its solutions are effected by light, heat and even age. Read the MSDS below.
Many photographers who use it for say bleaching prints just make it up by eye. That is to a certain yellow color. The darker the yellow the faster the bleaching. The used bleach solution should be discarded safely. Flush the sink afterwards. Avoid contact with acid solutions. Again its safe to use but be aware of the warnings. Any discolored solutions should not be used as they can cause staining of films and prints.
I include the MSDS which should be read for ALL chemicals before they are used.
http://www.sciencelab.com/msds.php?msdsId=9927405