Platts updates daily market-based US tallow price assessments, Dec 2

Platts, part of S&P Global Commodity Insights, has updated the volume, quality and timing specifications of its daily Chicago tallow assessment, effective Dec. 2.

Platts has noted that the tallow market is evolving, with a higher free fatty acids (FFA) content becoming more typical. In addition, Platts has added standardized volume and delivery timings to better align with current trading and production practices in the biofuels industry.

Platts has updated its Packer Grade Beef Tallow Dlvd Chicago price assessment (ATALA00), to reflect a manifest rail market, with a minimum volume of five rail cars, delivered at place (DAP), 15-30 days forward from the date of publication with a maximum of 4% free fatty acids (FFA) and a maximum of 1% moisture, impurities and unsaponifiables (MIU).

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

The decision to update the assessment was communicated on Oct. 31 in a subscriber note available here.

The assessment considers 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.

This assessment is published as an outright price in cents/lb, at 1:30 pm Houston time market close and follows the Platts US publishing schedule.

The assessment is published in the daily Platts Biofuelscan and Biomass-Based Diesel weekly report.

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.