CAN/US $ May09 99.39 May02 98.20 May11/07 89.81 BANK RATE % May06 3.25 Apr29 3.25 May08/07 4.50 CATTLE SLAUGHTER WEEK END May03/08(prel) Apr26/08(prel) May05/07 CANADA 63,199 65,965 61,915 EAST 14,328 14,548 17,432 WEST 48,871 51,417 44,519 ALBERTA 44,350 46,943 39,745 WEEK END May10/08(est) May03/08(est) May12/07 US 698,000 699,000 672,300 CANADIAN CATTLE GRADES WEEK END May03/08 Apr26/08 May05/07 A 50,480 52,313 45,941 B 870 658 1,202 D 3,836 3,817 5,597 E 271 263 643 A GRADE MARBLING (%) WEEK END May03/08 Apr26/08 May05/07 A 2.6% 2.5% 4.8% AA 41.4% 39.6% 46.7% AAA 56.1% 57.9% 48.4% CANADIAN CATTLE CLASSES WEEK END May03/08(prel) Apr26/08(prel) May05/07 STEERS 28,389 32,331 27,264 HEIFERS 23,829 21,888 20,649 COWS 10,573 11,354 12,947 BULLS 408 392 1,055 CALVES 5,001 5,336 5,163 CATTLE FUTURES - US $/CWT - CLOSE May09/2008 MTH LIVE CHG MTH FEEDER CHG JUN 94.53 +3.08 MAY 107.35 +2.40 AUG 100.20 +2.70 AUG 109.93 +2.65 OCT 107.05 +3.52 SEP 111.55 +2.85 DEC 107.58 +4.10 OCT 112.47 +2.82 FEB 108.63 +3.15 NOV 112.70 +3.10 APR 110.05 +4.15 JAN 110.20 +2.50 WEEK END May09/08 May02/08 May11/07 US FSP - US$/CWT 105.42 104.87 106.98 CATTLE INDICATORS BY PROD VAL May02/08 Apr25/08 May04/07 EAST-$/HEAD 79.41 78.82 97.69 WEST-$/HEAD 105.50 105.50 101.50 US-US$/CWT 10.76 10.81 10.08 CURRENTNESS May03/08 Apr26/08 May05/07 ALTA-A1% 67.7% 64.9% 64.1% CAN-A1% 66.1% 63.6% 66.2% FD:STR RATIO May02/08 Apr25/08 May04/07 ALTA BARLEY 17.4 16.9 25.9 May03/08 Apr26/08 May05/07 US CORN 15.2 16.9 26.8 AVG CARCASS WT May03/08 Apr26/08 May05/07 ALTA STR-LBS 807.0 807.0 790.0 CAN STR-LBS 827.0 827.0 811.0 US CATTLE-LBS 768.0 772.0 751.0 LATEST CATTLE PRICES - $/CWT WEEK END May09/08 May02/08 May11/07 ALBERTA RAILGRADE SALES STR-LOW 151.00 150.00 167.00 STR-HIGH 152.85 153.65 171.30 HFR-LOW 151.00 150.00 168.05 HFR-HIGH 152.85 153.00 170.85 ALBERTA DIRECT SALES STR-RANGE 88.50-93.50 89.75-93.00 97.75-102.50 AVERAGE N/A 91.56 102.05 VOLUME N/A 14,491 12,782 HFR-RANGE 89.60-92.00 90.70-92.00 97.75-102.50 AVERAGE N/A 90.69 101.75 VOLUME N/A 6,329 7,327 OPEN MARKET - $/CWT May09/08 May02/08 May11/07 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 83.60-90.70 105.10-113.60 NEBRASKA* N/A-N/A 92.50-93.50 96.00-98.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 81.15-89.35 101.60-110.10 NEBRASKA* 92.50-93.00 91.00-93.50 96.00-97.00 COWS - D1,2 CLYDE 37.00-46.00 45.00-54.00 35.00-47.00 SIOUX F* 63.50 61.00 61.50 800-900 LB FEEDER STEERS CLYDE 88.00-96.00 85.00-91.50 99.00-110.00 PONOKA 85.00-94.00 87.00-92.00 100.00-107.00 STRATHMOR 80.00-94.00 80.00-92.00 N/A-109.25 ONTARIO N/A-N/A 80.00-94.00 98.00-114.00 700-800 LB FEEDER STEERS CLYDE 92.00-100.00 92.00-100.00 110.00-116.00 PONOKA 90.00-95.75 90.00-98.75 104.00-114.50 STRATHMOR 86.00-103.00 86.00-100.00 90.00-118.00 C.NEBRAS* N/A-N/A 100.00-112.00 109.50-122.00 600-700 LB FEEDER STEERS CLYDE 98.00-108.00 95.00-106.00 118.00-128.00 PONOKA 100.00-108.00 97.00-106.50 118.00-121.00 STRATHMOR 90.00-111.00 90.00-109.00 96.00-131.25 500-600 LB FEEDER STEERS CLYDE 105.00-111.50 105.00-113.00 120.00-133.25 PONOKA 100.00-110.00 100.00-110.00 128.00-133.00 STRATHMOR 90.00-113.00 90.00-115.00 90.00-135.25 ONTARIO N/A-N/A 85.00-110.00 106.00-136.00 700-800 LB FEEDER HEIFERS CLYDE 82.00-89.75 82.00-89.75 94.00-110.00 PONOKA 80.00-87.50 87.00-94.00 94.00-100.00 STRATHMOR 70.00-95.00 70.00-87.00 70.00-107.60 500-600 LB FEEDER HEIFERS CLYDE 93.00-103.25 90.00-98.50 105.00-118.00 PONOKA 90.00-96.00 88.00-96.00 108.00-112.00 STRATHMOR 75.00-96.00 75.00-100.00 70.00-114.25 NOTE: * denotes price in US Dollars PRELIM LIVE ANIMAL TRADE - WEEK ENDING May02/2008 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA N/A N/A N/A N/A EAST N/A N/A N/A N/A WEST N/A N/A N/A N/A BEEF WHOLESALE PRICES - $/CWT WEEK ENDING May09/08 May02/08 May11/07 CALGARY-STRS 151-153 151-152 172-174 CDA CUTOUT AAA N/A N/A 186.17 CDA CUTOUT AA/A N/A N/A 181.84 US BOXED BEEF CUTOUT - US $/CWT WEEK END May09/08 May02/08 May11/07 CHOICE 6-900 155.33 154.85 160.08 SELECT 6-900 152.26 152.38 146.80 HOG SLAUGHTER WEEK END May03/08(prel) Apr26/08(prel) May05/07 CANADA 409,727 414,256 415,765 EAST 250,942 256,073 250,652 WEST 158,785 158,183 165,113 ALBERTA 56,326 55,453 58,689 WEEK END May10/08(est) May03/08(est) May12/07 US 2,089,000 2,155,000 1,938,500 HOG CASH PRICES - INDEX 100 - $/KG WEEK END May08/08 May01/08 May10/07 ALTA AVG 1.297 1.255 1.392 ONT AVG N/A N/A 1.472 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END May09/08 May02/08 May11/07 US $/CWT 79.00 73.22 71.57 CAN EQVT $/KG 2.049 1.922 2.054 US PORK CARCASS CUTOUT US $/CWT 78.77 74.21 76.55 HOG FUTURES - US$/CWT CAN/US$ CLOSE May09/2008 MTH LEAN CHG MTH FUTURES CHG MAY 80.22 +7.67 JUN .9932 +0.0120 JUN 76.88 +5.78 SEP .9927 +0.0121 JUL 76.95 +3.17 DEC .9924 +0.0121 AUG 79.10 +3.45 MAR .9923 +0.0124 OCT 75.95 +4.13 JUN .9921 +0.0125 DEC 77.90 +4.15 SEP .9919 +0.0126 HOG INDICATORS WEEK END May03/08 Apr26/08 May05/07 AV DRSD WT US-LBS 203.0 203.0 203.0 FD:HOG RATIO May02/08Apr25/08May04/07 US CORN 12.1 12.9 20.0 May02/08 Apr25/08 May04/07 ALTA BARLEY 8.6 7.9 12.6 SHEEP AND LAMB PRICES - Most Recent Sale to May08/2008 MARKET LAMBS - FEEDER LAMBS SHEEP (95-115 LBS) (61-80 LBS) (ALL WTS.) ONTARIO 160.27-199.00 172.38-245.00 N/A TEXAS (US$) N/A 119.00 39.75$/CWT CENTRAL ALTA 125.76-129.60 (INNISFAIL)