The average farmgate price of cattle for slaughter in October to December 2019 was PhP117.21 per kilogram, liveweight. This was 19.4 percent higher than the average farmgate price of PhP98.20 per kilogram, liveweight in 2018.
During the reference period, the highest average farmgate price was recorded in December at PhP118.67 per kilogram, liveweight, while the lowest was in October at PhP115.70 per kilogram, liveweight. (Table 3)
Inventory
As of 01 January 2020, the total cattle inventory in the country was estimated at 2.542 million heads. This was higher by 0.3 percent compared with the previous year’s stocks of 2.535 million heads.
In backyard farms, cattle population at 2.392 million heads increased by 0.3 percent from the previous year’s count of 2.385 million heads. Similarly, stocks in commercial farms improved by 0.1 percent, from 150.08 thousand heads in 2019 to 150.24 thousand heads in 2020.
The top three regions in terms of inventory were Ilocos Region, Central Visayas, and CALABARZON with shares of 12.2 percent,11.3 percent, and 10.6 percent, respectively. These regions accounted for 34.1 percent of the country’s total cattle inventory. (Table 2)
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