The Colombian Mercantile Exchange has seen a contraction in the national average price at auctions, with fat cattle prices dropping by 2% to $7,736 kilograms. This is due to concerns about pasture shortages impacting cattle food supplies, potential effects of a forthcoming tax reform on demand and wages, and inflation from rising production costs. Unemployment remains high at 10.7%, but prices have inflated by 12.22% over the year ending in October. The most significant price drops were seen in the Puerto López, Santa Clara, and Subasta Ganadera de Caucasía auctions, with the national average price for thin male and female cattle also decreasing. Criollo and Zebu cattle prices in Caldas saw a slight increase.