CAN/US $ May30 100.58 May23 101.18 Jun01/07 94.30 BANK RATE % May27 3.25 May20 3.25 May29/07 4.50 CATTLE SLAUGHTER WEEK END May24/08(prel) May17/08(prel) May26/07 CANADA 58,699 62,105 55,301 EAST 11,504 13,698 13,182 WEST 47,195 48,407 42,119 ALBERTA 43,162 43,781 38,223 WEEK END May31/08(est) May24/08(est) Jun02/07 US 625,000 722,000 610,300 CANADIAN CATTLE GRADES WEEK END May24/08 May17/08 May26/07 A 45,968 48,420 43,080 B 640 690 797 D 3,850 4,385 3,774 E 212 284 389 A GRADE MARBLING (%) WEEK END May24/08 May17/08 May26/07 A 3.7% 3.1% 4.3% AA 50.0% 50.2% 50.3% AAA 46.3% 46.7% 45.4% CANADIAN CATTLE CLASSES WEEK END May24/08(prel) May17/08(prel) May26/07 STEERS 30,123 32,457 29,917 HEIFERS 17,185 17,298 14,467 COWS 11,064 11,961 10,239 BULLS 327 389 678 CALVES 4,261 5,333 4,281 CATTLE FUTURES - US $/CWT - CLOSE May30/2008 MTH LIVE CHG MTH FEEDER CHG JUN 96.72 +0.55 AUG 115.80 +0.58 AUG 101.63 +0.33 SEP 116.60 +0.65 OCT 108.08 +0.35 OCT 117.33 +0.42 DEC 108.53 -0.17 NOV 117.45 +0.53 FEB 109.38 -0.38 JAN 115.63 +0.72 APR 110.70 +0.13 MAR 113.20 +1.00 WEEK END May30/08 May23/08 Jun01/07 US FSP - US$/CWT 109.55 107.80 107.82 CATTLE INDICATORS BY PROD VAL May23/08 May16/08 May25/07 EAST-$/HEAD 79.63 79.41 97.69 WEST-$/HEAD 109.50 108.50 100.00 US-US$/CWT 10.70 10.65 10.39 CURRENTNESS May24/08 May17/08 May26/07 ALTA-A1% 68.4% 68.6% 66.9% CAN-A1% 67.8% 67.8% 67.7% FD:STR RATIO May23/08 May16/08 May25/07 ALTA BARLEY 16.6 17.2 24.2 May24/08 May17/08 May26/07 US CORN 16.9 16.7 26.0 AVG CARCASS WT May24/08 May17/08 May26/07 ALTA STR-LBS 812.0 802.0 799.0 CAN STR-LBS 822.0 819.0 800.0 US CATTLE-LBS 762.0 763.0 747.0 LATEST CATTLE PRICES - $/CWT WEEK END May30/08 May23/08 Jun01/07 ALBERTA RAILGRADE SALES STR-LOW 147.50 148.00 155.75 STR-HIGH 150.85 151.85 161.30 HFR-LOW 150.50 148.00 155.75 HFR-HIGH 150.85 151.85 161.30 ALBERTA DIRECT SALES STR-RANGE 87.45-91.50 88.75-91.75 93.00-96.50 AVERAGE N/A 90.43 96.05 VOLUME N/A 14,763 16,440 HFR-RANGE 86.55-91.50 88.40-91.35 93.00-96.00 AVERAGE N/A 90.11 95.81 VOLUME N/A 6,097 6,100 OPEN MARKET - $/CWT May30/08 May23/08 Jun01/07 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 82.40-89.90 96.85-109.25 NEBRASKA* N/A-N/A 93.50-94.00 91.00-93.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 81.40-89.25 96.10-107.60 NEBRASKA* 93.50-94.00 93.50-94.50 91.50-93.00 COWS - D1,2 CLYDE 36.00-46.00 36.00-46.00 38.00-43.50 SIOUX F* 67.50 64.50 61.50 800-900 LB FEEDER STEERS CLYDE 97.00-105.00 94.00-101.25 104.00-110.00 PONOKA 95.00-103.00 94.00-97.00 101.00-105.75 STRATHMOR N/A-N/A 80.00-98.00 95.00-106.00 ONTARIO N/A-N/A 84.00-95.00 102.00-113.00 700-800 LB FEEDER STEERS CLYDE 98.00-110.50 92.00-109.50 110.00-118.50 PONOKA 102.00-110.00 94.00-109.00 106.00-114.35 STRATHMOR N/A-N/A 86.00-103.00 100.00-118.00 C.NEBRAS* N/A-N/A 110.00-113.50 106.00-110.75 600-700 LB FEEDER STEERS CLYDE 105.00-115.00 105.00-114.25 120.00-130.50 PONOKA 110.00-118.00 95.00-110.50 120.00-126.25 STRATHMOR N/A-N/A 90.00-112.00 100.00-129.00 500-600 LB FEEDER STEERS CLYDE 108.00-116.00 108.00-116.00 125.00-140.00 PONOKA 112.00-122.00 108.00-122.00 126.00-135.00 STRATHMOR N/A-N/A 90.00-110.00 110.00-144.00 ONTARIO N/A-N/A 82.00-109.00 98.00-133.00 700-800 LB FEEDER HEIFERS CLYDE 87.00-93.75 87.00-94.00 100.00-113.00 PONOKA 90.00-95.00 84.00-90.50 100.00-106.60 STRATHMOR N/A-N/A 70.00-92.00 93.00-104.00 500-600 LB FEEDER HEIFERS CLYDE 95.00-102.50 95.00-106.00 115.00-123.00 PONOKA 92.00-101.00 88.00-98.00 112.00-119.00 STRATHMOR N/A-N/A 75.00-97.00 100.00-117.00 NOTE: * denotes price in US Dollars PRELIM LIVE ANIMAL TRADE - WEEK ENDING May23/2008 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 10,912 10,834 36,986 EAST 0 4,209 62 13,369 WEST 0 6,703 10,772 23,617 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING May30/08 May23/08 Jun01/07 CALGARY-STRS 153-155 153-155 169-171 CDA CUTOUT AAA N/A 163.70 192.11 CDA CUTOUT AA/A N/A 164.92 181.52 US BOXED BEEF CUTOUT - US $/CWT WEEK END May30/08 May23/08 Jun01/07 CHOICE 6-900 155.98 156.32 156.07 SELECT 6-900 152.41 152.58 146.78 HOG SLAUGHTER WEEK END May24/08(prel) May17/08(prel) May26/07 CANADA 355,382 403,302 342,119 EAST 213,508 249,573 203,230 WEST 141,874 153,729 138,889 ALBERTA 56,748 51,661 50,104 WEEK END May31/08(est) May24/08(est) Jun02/07 US 1,828,000 2,094,000 1,721,800 HOG CASH PRICES - INDEX 100 - $/KG WEEK END May29/08 May22/08 May31/07 ALTA AVG 1.306 1.362 1.363 ONT AVG N/A N/A 1.471 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END May30/08 May23/08 Jun01/07 US $/CWT 72.58 78.00 70.99 CAN EQVT $/KG 1.860 1.987 1.941 US PORK CARCASS CUTOUT US $/CWT 79.74 81.10 75.17 HOG FUTURES - US$/CWT CAN/US$ CLOSE May30/2008 MTH LEAN CHG MTH FUTURES CHG JUN 76.75 -1.10 JUN 1.0098 -0.0018 JUL 76.05 -1.10 SEP 1.0090 -0.0017 AUG 77.40 -0.90 DEC 1.0085 -0.0018 OCT 73.42 -0.58 MAR 1.0084 -0.0018 DEC 74.17 -1.08 JUN 1.0083 -0.0018 FEB 79.30 -1.10 SEP 1.0082 -0.0018 HOG INDICATORS WEEK END May24/08 May17/08 May26/07 AV DRSD WT US-LBS 201.0 202.0 203.0 FD:HOG RATIO May23/08May16/08May25/07 US CORN 14.0 14.6 24.4 May23/08 May16/08 May25/07 ALTA BARLEY 9.1 9.3 12.1 SHEEP AND LAMB PRICES - Most Recent Sale to May29/2008 MARKET LAMBS - FEEDER LAMBS SHEEP (95-115 LBS) (61-80 LBS) (ALL WTS.) ONTARIO 178.46-203.00 176.02-250.00 N/A TEXAS (US$) N/A 114.75 40.25$/CWT CENTRAL ALTA 126.24-136.80 (INNISFAIL)