Platts to update US tallow assessment volume, specifications and timing from Dec 2

Platts, part of S&P Global Commodity Insights, will update volume, specifications and timing of the daily Chicago tallow assessment, effective Dec. 2, 2024.

Feedback received indicates that the US tallow market is evolving and Platts is therefore reflecting a higher free fatty acids (FFA) content for its Chicago tallow assessment [ ATALA00]. In addition, Platts will standardize volume and delivery timing reflected to better align with current trading and production practices in the biofuels industry.

The assessments will reflect a manifest rail market, with a minimum volume of five rail cars, delivered at place (DAP), 15-30 days forward from date of publication.

The assessment will reflect maximum of 4% free fatty acids (FFA), and max 1% MIU (moisture, impurities, and unsaponifiable).

The update was first proposed in a subscriber note published October 7, available here .

The assessments will consider market information reported to Platts and published as heards throughout the day, including firm bids and offers, trades, and indicative values, as well as any other data deemed relevant to the assessment process.

These assessments will be published as an outright price in US cents/lb, with a timestamp of 1330 Houston time and follow the Platts US publishing schedule.

The assessment is published in the Platts Biofuelscan daily report, the weekly Biomass-based Diesel report and on the Platts Biofuels Alert Service Fixed Page 1500.

Please submit any feedback, comments, or questions about this proposal to mrts_biofuelsandfeedstocks@spglobal.com , and pricegroup@spglobal.com .

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.