CAN/US $ Jan14 100.97 Jan07 100.66 Jan15/10 97.21 BANK RATE % Jan11 1.25 Jan04 1.25 Jan12/10 .50 CATTLE SLAUGHTER WEEK END Jan08/11(prel) Jan01/11(prel) Jan09/10 CANADA 52,682 43,230 61,625 EAST 11,418 9,450 14,017 WEST 41,264 33,780 47,608 ALBERTA 41,264 33,779 47,466 WEEK END Jan15/11(est) Jan08/11(est) Jan16/10 US 628,000 636,000 655,800 CANADIAN CATTLE GRADES WEEK END Jan08/11 Jan01/11 Jan09/10 A 42,683 33,725 48,820 B 338 261 360 D 3,922 4,270 5,389 E 272 291 140 A GRADE MARBLING (%) WEEK END Jan08/11 Jan01/11 Jan09/10 A 2.0% 1.6% 1.4% AA 46.8% 46.1% 42.2% AAA 51.2% 52.3% 56.4% CANADIAN CATTLE CLASSES WEEK END Jan08/11(prel) Jan01/11(prel) Jan09/10 STEERS 27,233 20,332 31,718 HEIFERS 16,216 14,035 18,118 COWS 8,926 8,550 11,597 BULLS 307 313 192 CALVES 4,083 3,778 4,217 CATTLE FUTURES - US $/CWT - CLOSE Jan14/2011 MTH LIVE CHG MTH FEEDER CHG FEB 109.38 +3.00 JAN 125.60 +4.00 APR 113.75 +3.20 MAR 127.30 +4.55 JUN 112.30 +3.90 APR 127.75 +4.55 AUG 112.78 +4.03 MAY 128.13 +4.47 OCT 115.45 +4.53 AUG 128.40 +3.90 DEC 116.60 +4.63 SEP 128.10 +3.88 WEEK END Jan14/11 Jan07/11 Jan15/10 US FSP - US$/CWT 125.34 123.38 96.79 CATTLE INDICATORS BY PROD VAL Jan07/11 Dec31/10 Jan08/10 EAST-$/HEAD 100.00 N/A 86.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 12.42 12.39 9.31 CURRENTNESS Jan08/11 Jan01/11 Jan09/10 ALTA-A1% 46.6% 44.4% 50.4% CAN-A1% 48.7% 45.6% 49.4% FD:STR RATIO Jan07/11 Dec31/10 Jan08/10 ALTA BARLEY 22.9 22.9 23.5 Jan08/11 Jan01/11 Jan09/10 US CORN 18.3 17.8 21.9 AVG CARCASS WT Jan08/11 Jan01/11 Jan09/10 ALTA STR-LBS 856.0 860.0 862.0 CAN STR-LBS 861.0 866.0 874.0 US CATTLE-LBS 783.0 782.0 779.0 LATEST CATTLE PRICES - $/CWT WEEK END Jan14/11 Jan07/11 Jan15/10 ALBERTA RAILGRADE SALES STR-LOW 168.50 161.75 131.50 STR-HIGH 170.85 164.85 132.85 HFR-LOW 169.00 161.75 131.50 HFR-HIGH 170.85 164.85 132.85 ALBERTA DIRECT SALES STR-RANGE 98.50-98.75 95.65-97.50 76.45-78.50 AVERAGE N/A 97.15 78.38 VOLUME N/A 9,649 17,385 HFR-RANGE 98.50-98.70 96.75-97.75 75.70-77.90 AVERAGE N/A 96.97 78.13 VOLUME N/A 6,031 5,727 OPEN MARKET - $/CWT Jan14/11 Jan07/11 Jan15/10 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 92.21-104.74 79.73-88.29 NEBRASKA* N/A-N/A 103.50-106.00 83.00-84.75 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 91.38-102.11 77.27-86.88 NEBRASKA* N/A-N/A 104.00-106.00 84.00-84.50 COWS - D1,2 CLYDE 55.00-65.00 50.00-62.00 38.00-50.00 SIOUX F* 67.75 64.25 62.00 800-900 LB FEEDER STEERS CLYDE 110.00-117.50 108.00-117.25 92.00-97.25 PONOKA 112.00-124.00 105.00-118.00 88.00-96.00 STRATHMOR 105.00-119.00 105.00-119.00 80.00-94.00 ONTARIO N/A-N/A 105.00-117.00 86.00-100.00 700-800 LB FEEDER STEERS CLYDE 115.00-122.75 115.00-122.00 94.00-101.00 PONOKA 114.00-126.00 114.00-125.00 90.00-98.00 STRATHMOR 108.00-122.00 108.00-122.00 85.00-99.00 C.NEBRAS* N/A-N/A 117.75-134.50 91.00-106.00 600-700 LB FEEDER STEERS CLYDE 122.00-132.25 118.00-128.00 100.00-107.75 PONOKA 120.00-134.00 120.00-132.00 93.00-105.00 STRATHMOR 115.00-134.00 115.00-134.00 90.00-105.00 500-600 LB FEEDER STEERS CLYDE 135.00-149.25 135.00-144.25 105.00-115.00 PONOKA 127.00-144.00 125.00-141.00 100.00-114.00 STRATHMOR 125.00-140.00 125.00-140.00 90.00-114.00 ONTARIO N/A-N/A 119.00-143.00 100.00-115.00 700-800 LB FEEDER HEIFERS CLYDE 100.00-112.75 100.00-110.50 85.00-91.50 PONOKA 108.00-114.00 105.00-112.00 83.00-91.00 STRATHMOR 104.00-118.00 104.00-118.00 80.00-93.00 500-600 LB FEEDER HEIFERS CLYDE 120.00-134.00 115.00-125.00 94.00-103.00 PONOKA 112.00-134.00 120.00-130.00 88.00-98.00 STRATHMOR 110.00-130.00 110.00-130.00 84.00-100.00 NOTE: * denotes price in US Dollars PRELIM LIVE ANIMAL TRADE - WEEK ENDING Dec24/2010 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 9,298 540 20,002 EAST 0 3,956 33 9,958 WEST 0 5,342 507 10,044 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Jan14/11 Jan07/11 Jan15/10 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 158.41 142.99 CDA CUTOUT AA/A N/A 155.60 143.16 US BOXED BEEF CUTOUT - US $/CWT WEEK END Jan14/11 Jan07/11 Jan15/10 CHOICE 6-900 168.24 165.81 144.91 SELECT 6-900 163.35 159.58 139.65 HOG SLAUGHTER WEEK END Jan08/11(prel) Jan01/11(prel) Jan09/10 CANADA 401,300 296,442 454,501 EAST 244,219 162,310 275,135 WEST 157,081 134,132 179,366 ALBERTA 54,558 34,102 57,240 WEEK END Jan15/11(est) Jan08/11(est) Jan16/10 US 2,135,000 2,189,000 2,173,600 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Jan13/11 Jan06/11 Jan14/10 ALTA AVG 1.290 1.278 1.235 ONT AVG N/A 1.476 1.238 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Jan14/11 Jan07/11 Jan15/10 US $/CWT 73.42 70.67 68.13 CAN EQVT $/KG 1.387 1.339 1.337 US PORK CARCASS CUTOUT US $/CWT 84.20 77.99 72.69 HOG FUTURES - US$/CWT CAN/US$ CLOSE Jan14/2011 MTH LEAN CHG MTH FUTURES CHG FEB 79.53 +0.10 MAR 1.0094 +0.0031 APR 85.28 +1.23 JUN 1.0069 +0.0031 MAY 92.97 +1.27 SEP 1.0036 +0.0029 JUN 95.47 +1.50 DEC 1.0006 +0.0028 JUL 94.42 +1.13 MAR .9976 +0.0027 AUG 93.58 +1.28 JUN .9946 +0.0026 HOG INDICATORS WEEK END Jan08/11 Jan01/11 Jan09/10 AV DRSD WT US-LBS 207.0 208.0 202.0 FD:HOG RATIO Jan07/11Dec31/10Jan08/10 US CORN 12.4 12.2 17.1 Jan07/11 Dec31/10 Jan08/10 ALTA BARLEY 10.9 10.7 12.9 SHEEP AND LAMB PRICES - Most Recent Sale to Jan13/2011 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 205.15-219.11 229.90-266.45 N/A TEXAS (US$) N/A N/A 89.00$/CWT MARKET LAMB PRICES - Most Recent Sale to Jan06/2011 CENTRAL ALTA 133.44-144.00 (INNISFAIL)