Colombia: Bovine profits rebound and buffalo profits fall in February 2024

Published Apr 9, 2024

Tridge summary

The February 2024 Livestock Slaughter Survey by DANE reveals a modest 1.8% increase in cattle slaughter, totaling 247,343 carcasses, compared to the same month in 2023, though still below the numbers from 2020 and 2021. Domestic cattle consumption has risen by 4.4% year-over-year, but the preparation for export has plummeted by 65.1% in the initial two months of 2024, extending the decline observed in 2023. In contrast, buffalo slaughter slightly decreased by 0.9%, marking a change from its previous growth trajectory.

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

Original content

The Livestock Slaughter Survey (ESG) of the National Administrative Department of Statistics (DANE) revealed that in February 2024, 247,343 carcasses of cattle were registered in the slaughterhouses formalized at the national level. This represents an increase of 1.8% compared to the same month in 2023, when 242,970 were obtained, and contrasts with the result of January, which presented a decline of 1.1%. Consequently, the variation in the first two months was 0.3%, showing stability compared to the previous year. On the contrary, the slaughter of buffalo cattle fell in the same period analyzed, going from a total of 6,313 heads in the first 2 months of 2023 to 6,256, a slight decline of 0.9%. This decline is not significant but surprising because the species has had an increasing performance. As has been usual in recent reports, the slaughter of animals for export has been the hardest hit, falling 65.1% when adding up the first two months. Cattle profit in February 2024 Although ...

Source: Agromeat