CAN/US $ Jan06 97.73 Dec30 98.33 Jan07/11 100.66 BANK RATE % Jan03 1.25 Dec27 1.25 Jan04/11 1.25 CATTLE SLAUGHTER WEEK END Dec31/11(prel) Dec24/11(prel) Jan01/11 CANADA 39,855 53,859 43,230 EAST 8,651 14,380 9,450 WEST 31,204 39,479 33,780 ALBERTA N/A N/A 33,779 WEEK END Jan07/12(est) Dec31/11(est) Jan08/11 US 560,000 539,000 639,500 CANADIAN CATTLE GRADES WEEK END Dec31/11 Dec24/11 Jan01/11 A 30,846 40,462 33,725 B 378 703 261 D 6,598 9,066 4,270 E 211 396 291 A GRADE MARBLING (%) WEEK END Dec31/11 Dec24/11 Jan01/11 A 1.3% 1.4% 1.6% AA 48.7% 45.7% 46.1% AAA 50.0% 52.9% 52.3% CANADIAN CATTLE CLASSES WEEK END Dec31/11(prel) Dec24/11(prel) Jan01/11 STEERS 20,313 26,166 20,332 HEIFERS 11,135 15,093 14,035 COWS 8,194 12,092 8,550 BULLS 213 508 313 CALVES 3,841 4,880 3,778 CATTLE FUTURES - US $/CWT - CLOSE Jan06/2012 MTH LIVE CHG MTH FEEDER CHG FEB 120.33 -1.13 JAN 147.30 +0.95 APR 124.60 -0.85 MAR 149.88 +1.07 JUN 124.00 -0.58 APR 151.20 +1.02 AUG 126.05 +0.15 MAY 152.30 +1.18 OCT 128.88 +0.47 AUG 153.60 +0.80 DEC 129.40 -0.10 SEP 153.75 +1.15 WEEK END Jan06/12 Dec30/11 Jan07/11 US FSP - US$/CWT 147.65 143.02 123.38 CATTLE INDICATORS BY PROD VAL Dec30/11 Dec23/11 Dec31/10 EAST-$/HEAD N/A N/A N/A WEST-$/HEAD N/A N/A N/A US-US$/CWT 12.35 12.30 12.39 CURRENTNESS Dec31/11 Dec24/11 Jan01/11 WEST-A1% 50.3% 48.7% 44.4% CAN-A1% 51.4% 49.1% 45.6% FD:STR RATIO Dec30/11 Dec23/11 Dec31/10 ALTA BARLEY 24.9 24.9 22.9 Dec31/11 Dec24/11 Jan01/11 US CORN 20.2 19.3 17.8 AVG CARCASS WT Dec31/11 Dec24/11 Jan01/11 WEST STR-LBS 880.0 880.0 860.0 CAN STR-LBS 883.0 888.0 866.0 US CATTLE-LBS 777.0 780.0 782.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Jan06/12 Dec30/11 Jan07/11 ALBERTA RAILGRADE SALES STR-LOW 192.75 194.50 161.75 STR-HIGH 194.00 194.85 164.85 HFR-LOW 193.75 194.85 161.75 HFR-HIGH 194.00 194.85 164.85 ALBERTA DIRECT SALES STR-RANGE 114.25-115.00 115.00-115.00 95.65-97.50 AVERAGE N/A 115.55 97.15 VOLUME N/A 8,659 9,649 HFR-RANGE 115.40-116.00 N/A-N/A 96.75-97.75 AVERAGE N/A 114.96 96.97 VOLUME N/A 3,963 6,031 OPEN MARKET - $/CWT Jan06/12 Dec30/11 Jan07/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A N/A-N/A 92.21-104.74 NEBRASKA* 121.00-121.00 120.00-123.00 103.50-106.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A N/A-N/A 91.38-102.11 NEBRASKA* 121.00-122.00 121.00-123.00 104.00-106.00 COWS - D1,2 CLYDE 65.00-75.00 N/A-N/A 50.00-62.00 SIOUX F* 71.75 68.00 64.25 800-900 LB FEEDER STEERS CLYDE 130.00-143.00 N/A-N/A 108.00-117.25 PONOKA 130.00-141.00 N/A-N/A 105.00-118.00 STRATHMOR N/A-N/A N/A-N/A 105.00-119.00 ONTARIO N/A-N/A N/A-N/A 105.00-117.00 700-800 LB FEEDER STEERS CLYDE 133.00-148.50 N/A-N/A 115.00-122.00 PONOKA 135.50-146.00 N/A-N/A 114.00-125.00 STRATHMOR N/A-N/A N/A-N/A 108.00-122.00 C.NEBRAS* N/A-N/A 139.00-153.75 117.75-134.50 600-700 LB FEEDER STEERS CLYDE 145.00-155.25 N/A-N/A 118.00-128.00 PONOKA 147.00-155.00 N/A-N/A 120.00-132.00 STRATHMOR N/A-N/A N/A-N/A 115.00-134.00 500-600 LB FEEDER STEERS CLYDE 155.00-176.00 N/A-N/A 135.00-144.25 PONOKA 154.00-166.00 N/A-N/A 125.00-141.00 STRATHMOR N/A-N/A N/A-N/A 125.00-140.00 ONTARIO N/A-N/A N/A-N/A 119.00-143.00 700-800 LB FEEDER HEIFERS CLYDE 122.00-131.00 N/A-N/A 100.00-110.50 PONOKA 125.00-133.00 N/A-N/A 105.00-112.00 STRATHMOR N/A-N/A N/A-N/A 104.00-118.00 500-600 LB FEEDER HEIFERS CLYDE 135.00-151.00 N/A-N/A 115.00-125.00 PONOKA 140.00-152.00 N/A-N/A 120.00-130.00 STRATHMOR N/A-N/A N/A-N/A 110.00-130.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Dec23/2011 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 7,737 1,000 19,387 EAST 0 2,778 35 8,820 WEST 0 4,959 965 10,567 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Jan06/12 Dec30/11 Jan07/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 184.09 158.41 CDA CUTOUT AA/A N/A 177.06 155.60 US BOXED BEEF CUTOUT - US $/CWT WEEK END Jan06/12 Dec30/11 Jan07/11 CHOICE 6-900 192.34 193.79 165.81 SELECT 6-900 179.82 178.97 159.58 HOG SLAUGHTER WEEK END Dec31/11(prel) Dec24/11(prel) Jan01/11 CANADA 291,574 382,178 295,958 EAST 159,379 230,597 161,903 WEST 132,195 151,581 134,055 AB/BC** 39,587 60,563 42,599 WEEK END Jan07/12(est) Dec31/11(est) Jan08/11 US 2,063,000 1,967,000 2,174,500 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Jan05/12 Dec29/11 Jan06/11 ALTA AVG 1.458 1.458 1.278 ONT AVG N/A 1.779 1.476 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Jan06/12 Dec30/11 Jan07/11 US $/CWT 82.49 78.72 70.67 CAN EQVT $/KG 1.610 1.527 1.339 US PORK CARCASS CUTOUT US $/CWT 84.06 85.88 77.99 HOG FUTURES - US$/CWT CAN/US$ CLOSE Jan06/2012 MTH LEAN CHG MTH FUTURES CHG FEB 83.90 -0.40 MAR .9724 -0.0097 APR 87.75 +0.05 JUN .9706 -0.0098 MAY 94.50 -0.33 SEP .9692 -0.0100 JUN 94.90 -0.60 DEC .9681 -0.0099 JUL 95.10 +0.27 MAR .9672 -0.0100 AUG 94.75 +0.40 JUN .9663 -0.0100 HOG INDICATORS WEEK END Dec31/11 Dec24/11 Jan01/11 AV DRSD WT US-LBS 208.0 209.0 208.0 FD:HOG RATIO Dec30/11Dec23/11Dec31/10 US CORN 12.6 12.8 12.2 Dec30/11 Dec23/11 Dec31/10 ALTA BARLEY 11.4 11.7 10.7 SHEEP AND LAMB PRICES - Most Recent Sale to Jan05/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 205.73-223.34 210.97-279.38 N/A TEXAS (US$) N/A 182.00 76.50$/CWT MARKET LAMB PRICES - Most Recent Sale to Dec29/2011 CENTRAL ALTA N/A- N/A (INNISFAIL)