CAN/US $ Jan25 99.56 Jan18 97.13 Jan26/07 84.76 BANK RATE % Jan22 4.50 Jan15 4.50 Jan23/07 4.50 CATTLE SLAUGHTER WEEK END Jan19/08(prel) Jan12/08(prel) Jan20/07 CANADA 62,378 63,338 68,002 EAST 15,924 15,611 18,455 WEST 46,454 47,727 49,548 ALBERTA 41,508 42,848 44,423 WEEK END Jan26/08(est) Jan19/08(est) Jan27/07 US 640,000 651,000 630,800 CANADIAN CATTLE GRADES WEEK END Jan19/08 Jan12/08 Jan20/07 A 42,145 43,701 49,226 B 602 502 916 D 6,366 6,766 6,644 E 263 355 539 A GRADE MARBLING (%) WEEK END Jan19/08 Jan12/08 Jan20/07 A 2.1% 1.9% 2.6% AA 43.3% 45.3% 45.0% AAA 54.6% 52.8% 52.5% CANADIAN CATTLE CLASSES WEEK END Jan19/08(prel) Jan12/08(prel) Jan20/07 STEERS 25,246 26,564 31,286 HEIFERS 18,051 18,132 19,311 COWS 18,656 18,186 16,711 BULLS 425 456 694 CALVES 4,958 5,013 4,887 CATTLE FUTURES - US $/CWT - CLOSE Jan25/2008 MTH LIVE CHG MTH FEEDER CHG FEB 91.40 +0.40 JAN 98.60 +0.92 APR 94.38 +0.13 MAR 102.10 -0.20 JUN 93.00 -0.28 APR 106.05 +0.13 AUG 95.47 -0.58 MAY 108.28 +0.15 OCT 99.90 -0.30 AUG 110.47 +0.57 DEC 101.10 -0.20 SEP 109.90 +0.10 WEEK END Jan25/08 Jan18/08 Jan26/07 US FSP - US$/CWT 98.09 97.31 94.11 CATTLE INDICATORS BY PROD VAL Jan18/08 Jan11/08 Jan19/07 EAST-$/HEAD 77.79 77.79 99.69 WEST-$/HEAD 98.50 98.50 99.50 US-US$/CWT 9.95 9.89 9.59 CURRENTNESS Jan19/08 Jan12/08 Jan20/07 ALTA-A1% 60.9% 61.7% 64.7% CAN-A1% 58.9% 60.2% 63.4% FD:STR RATIO Jan18/08 Jan11/08 Jan19/07 ALTA BARLEY 17.1 17.9 24.2 Jan19/08 Jan12/08 Jan20/07 US CORN 19.1 20.7 23.0 AVG CARCASS WT Jan19/08 Jan12/08 Jan20/07 ALTA STR-LBS 851.0 848.0 844.0 CAN STR-LBS 869.0 862.0 857.0 US CATTLE-LBS 780.0 782.0 788.0 LATEST CATTLE PRICES - $/CWT WEEK END Jan25/08 Jan18/08 Jan26/07 ALBERTA RAILGRADE SALES STR-LOW 135.00 135.00 144.75 STR-HIGH 136.65 136.55 147.25 HFR-LOW 135.50 135.00 144.85 HFR-HIGH 136.25 136.55 146.00 ALBERTA DIRECT SALES STR-RANGE 79.05-82.00 78.00-81.00 84.60-87.55 AVERAGE N/A 79.97 87.13 VOLUME N/A 15,667 13,403 HFR-RANGE 79.75-80.61 78.25-82.35 86.00-87.25 AVERAGE N/A 80.41 87.06 VOLUME N/A 6,059 7,767 OPEN MARKET - $/CWT Jan25/08 Jan18/08 Jan26/07 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 74.20-82.45 85.50-94.15 NEBRASKA* N/A-N/A 87.50-88.00 85.00-86.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 75.85-83.00 83.05-92.45 NEBRASKA* N/A-N/A 87.00-89.00 85.00-86.50 COWS - D1,2 CLYDE 28.00-35.00 28.00-34.00 28.00-36.00 SIOUX F* 53.00 51.50 50.50 800-900 LB FEEDER STEERS CLYDE 80.00-86.75 80.00-85.75 88.00-94.25 PONOKA 84.00-87.75 80.00-86.00 92.00-95.50 STRATHMOR N/A-N/A 75.00-88.00 85.00-99.00 ONTARIO N/A-N/A 79.00-87.00 90.00-103.00 700-800 LB FEEDER STEERS CLYDE 82.00-88.75 82.00-90.25 95.00-102.50 PONOKA 84.00-87.75 82.00-88.00 90.00-98.00 STRATHMOR N/A-N/A 78.00-88.00 88.00-99.00 C.NEBRAS* N/A-N/A 90.00-106.70 84.25-104.00 600-700 LB FEEDER STEERS CLYDE 85.00-98.00 85.00-95.00 95.00-106.50 PONOKA 88.00-92.00 82.00-93.00 94.00-101.50 STRATHMOR N/A-N/A 80.00-98.00 85.00-106.00 500-600 LB FEEDER STEERS CLYDE 93.00-106.00 90.00-106.00 100.00-117.00 PONOKA 93.00-103.50 86.00-101.00 107.00-115.00 STRATHMOR N/A-N/A 85.00-104.00 100.00-113.00 ONTARIO N/A-N/A 83.00-107.00 95.00-122.00 700-800 LB FEEDER HEIFERS CLYDE 72.00-80.50 72.00-80.50 85.00-91.00 PONOKA 74.00-78.00 74.00-80.00 86.00-91.00 STRATHMOR N/A-N/A 70.00-85.00 80.00-91.00 500-600 LB FEEDER HEIFERS CLYDE 80.00-87.25 80.00-86.75 95.00-109.00 PONOKA 76.00-83.00 78.00-90.00 90.00-97.50 STRATHMOR N/A-N/A 75.00-90.00 80.00-101.00 NOTE: * denotes price in US Dollars PRELIM LIVE ANIMAL TRADE - WEEK ENDING Jan18/2008 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 24,080 11,119 95,124 EAST 0 5,387 137 35,911 WEST 0 18,693 10,982 59,213 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Jan25/08 Jan18/08 Jan26/07 CALGARY-STRS 138-140 140-142 145-149 CDA CUTOUT AAA N/A N/A 171.50 CDA CUTOUT AA/A N/A N/A 166.33 US BOXED BEEF CUTOUT - US $/CWT WEEK END Jan25/08 Jan18/08 Jan26/07 CHOICE 6-900 144.00 147.34 149.37 SELECT 6-900 137.30 139.69 138.27 HOG SLAUGHTER WEEK END Jan19/08(prel) Jan12/08(prel) Jan20/07 CANADA 443,310 446,123 447,169 EAST 285,504 284,825 274,586 WEST 157,806 161,298 172,583 ALBERTA 56,217 56,568 59,829 WEEK END Jan26/08(est) Jan19/08(est) Jan27/07 US 2,311,000 2,424,000 2,073,500 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Jan24/08 Jan17/08 Jan25/07 ALTA AVG .928 .879 1.244 ONT AVG N/A N/A 1.283 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Jan25/08 Jan18/08 Jan26/07 US $/CWT N/A 48.83 62.43 CAN EQVT $/KG N/A 1.296 1.899 US PORK CARCASS CUTOUT US $/CWT 56.59 55.38 64.31 HOG FUTURES - US$/CWT CAN/US$ CLOSE Jan25/2008 MTH LEAN CHG MTH FUTURES CHG FEB 56.20 +1.23 MAR .9935 +0.0199 APR 61.95 -0.47 JUN .9919 +0.0194 MAY 71.42 -0.23 SEP .9896 +0.0186 JUN 74.92 -0.53 DEC .9877 +0.0182 JUL 75.63 -0.58 MAR .9867 +0.0187 AUG 75.53 -0.05 JUN .9857 +0.0192 HOG INDICATORS WEEK END Jan19/08 Jan12/08 Jan20/07 AV DRSD WT US-LBS 204.0 204.0 203.0 FD:HOG RATIO Jan18/08Jan11/08Jan19/07 US CORN 10.1 10.4 15.6 Jan18/08 Jan11/08 Jan19/07 ALTA BARLEY 6.8 6.8 11.6 SHEEP AND LAMB PRICES - Most Recent Sale to Jan24/2008 MARKET LAMBS - FEEDER LAMBS SHEEP (95-115 LBS) (61-80 LBS) (ALL WTS.) ONTARIO 133.89-198.00 151.32-250.00 N/A TEXAS (US$) N/A N/A 38.50$/CWT CENTRAL ALTA 76.32-119.04 (INNISFAIL)