Colombia: Average cattle price loses 2 points

Published 2022년 11월 15일

Tridge summary

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.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After several weeks of price stability in all categories, except Creole and zebu cattle on the Colombian Mercantile Exchange, the national average at auctions contracted 2 percentage points. The average price of fat cattle for the week November 3-10 was $7,736 kilograms, $156 below the average of the previous week. The winter wave that hits the country is showing its effects in the agricultural production sectors. In the case of cattle, many farmers from various regions of the country already express their concern about the lack of pasture, that is, food for the animals. Hence the urgency that is made to the government to primarily safeguard the lives of many peasants who have their properties completely flooded but not their business, since the emergency translates into the transfer of animals, loss of weight of the animals and higher feed costs. On the other hand, once the tax reform is approved, what economic analysts expect is a contraction in demand, and workers a fair ...
Source: MXContexto

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.