CAN/US $ Jan20 98.59 Jan13 97.61 Jan21/11 100.55 BANK RATE % Jan17 1.25 Jan10 1.25 Jan18/11 1.25 CATTLE SLAUGHTER WEEK END Jan14/12(prel) Jan07/12(prel) Jan15/11 CANADA 55,597 42,880 59,273 EAST 15,122 11,442 15,492 WEST 40,475 31,438 43,781 WEEK END Jan21/12(est) Jan14/12(est) Jan22/11 US 628,000 653,000 638,700 CANADIAN CATTLE GRADES WEEK END Jan14/12 Jan07/12 Jan15/11 A 43,761 33,523 47,172 B 667 444 274 D 7,091 6,109 4,231 E 194 85 237 A GRADE MARBLING (%) WEEK END Jan14/12 Jan07/12 Jan15/11 A 1.6% 1.5% 2.5% AA 52.3% 48.0% 46.9% AAA 46.1% 50.5% 50.7% CANADIAN CATTLE CLASSES WEEK END Jan14/12(prel) Jan07/12(prel) Jan15/11 STEERS 28,265 21,080 27,194 HEIFERS 16,197 13,129 20,933 COWS 10,860 8,540 10,824 BULLS 275 131 322 CALVES 4,733 3,119 4,824 CATTLE FUTURES - US $/CWT - CLOSE Jan20/2012 MTH LIVE CHG MTH FEEDER CHG FEB 124.55 +2.08 JAN 151.63 +1.05 APR 127.72 +1.32 MAR 153.85 +1.47 JUN 126.33 +1.08 APR 155.20 +1.20 AUG 127.60 +0.75 MAY 156.05 +1.28 OCT 130.07 +0.42 AUG 157.35 +1.45 DEC 130.93 +0.88 SEP 157.30 +1.05 WEEK END Jan20/12 Jan13/12 Jan21/11 US FSP - US$/CWT 150.39 150.51 127.27 CATTLE INDICATORS BY PROD VAL Jan13/12 Jan06/12 Jan14/11 EAST-$/HEAD N/A N/A 100.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 12.40 12.32 12.58 CURRENTNESS Jan14/12 Jan07/12 Jan15/11 WEST-A1% 50.8% 48.3% 45.5% CAN-A1% 51.4% 50.3% 47.5% FD:STR RATIO Jan13/12 Jan06/12 Jan14/11 ALTA BARLEY 24.7 24.9 24.2 Jan14/12 Jan07/12 Jan15/11 US CORN 20.0 19.2 17.2 AVG CARCASS WT Jan14/12 Jan07/12 Jan15/11 WEST STR-LBS 883.0 880.0 855.0 CAN STR-LBS 884.0 881.0 861.0 US CATTLE-LBS 777.0 776.0 786.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Jan20/12 Jan13/12 Jan21/11 ALBERTA RAILGRADE SALES STR-LOW 189.75 190.75 169.50 STR-HIGH 191.75 192.85 173.85 HFR-LOW 189.75 192.85 172.85 HFR-HIGH 191.75 192.85 173.85 ALBERTA DIRECT SALES STR-RANGE 115.00-115.50 113.75-113.75 100.25-103.65 AVERAGE N/A 113.91 101.92 VOLUME N/A 9,133 10,134 HFR-RANGE 115.00-115.00 115.00-115.00 101.25-103.15 AVERAGE N/A 114.26 101.42 VOLUME N/A 4,531 7,194 OPEN MARKET - $/CWT Jan20/12 Jan13/12 Jan21/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 115.77-124.74 93.29-104.98 NEBRASKA* 125.00-126.00 120.00-124.50 104.00-106.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 114.03-125.90 93.46-101.80 NEBRASKA* 126.00-128.00 122.00-124.50 104.00-106.00 COWS - D1,2 CLYDE 65.00-75.00 65.00-75.00 58.00-70.00 SIOUX F* 72.00 72.00 72.00 800-900 LB FEEDER STEERS CLYDE 130.00-145.50 130.00-145.25 115.00-119.75 PONOKA 130.00-147.00 130.00-147.00 112.00-124.00 STRATHMOR 125.00-147.00 125.00-147.00 110.00-121.00 ONTARIO N/A-N/A 123.00-143.00 109.00-121.00 700-800 LB FEEDER STEERS CLYDE 140.00-156.25 140.00-153.25 118.00-126.75 PONOKA 140.00-153.00 140.00-153.00 118.00-133.00 STRATHMOR 130.00-153.00 130.00-153.00 108.00-128.00 C.NEBRAS* N/A-N/A 140.00-168.75 120.00-134.10 600-700 LB FEEDER STEERS CLYDE 152.00-167.00 150.00-163.75 130.00-145.25 PONOKA 148.00-162.00 148.00-162.00 125.00-140.00 STRATHMOR 135.00-167.00 135.00-167.00 125.00-141.00 500-600 LB FEEDER STEERS CLYDE 175.00-197.00 165.00-188.00 145.00-161.00 PONOKA 160.00-185.00 160.00-185.00 140.00-160.00 STRATHMOR 155.00-189.00 155.00-189.00 125.00-148.00 ONTARIO N/A-N/A 131.00-175.00 125.00-151.00 700-800 LB FEEDER HEIFERS CLYDE 125.00-137.00 125.00-135.00 105.00-118.75 PONOKA 130.00-145.00 130.00-145.00 114.00-122.00 STRATHMOR 124.00-146.00 124.00-146.00 104.00-122.00 500-600 LB FEEDER HEIFERS CLYDE 140.00-156.75 140.00-152.75 125.00-137.00 PONOKA 145.00-164.00 145.00-164.00 125.00-140.00 STRATHMOR 135.00-166.00 135.00-166.00 110.00-132.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Jan06/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 5,257 1,997 19,098 EAST 0 1,770 31 6,237 WEST 0 3,487 1,966 12,861 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Jan20/12 Jan13/12 Jan21/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 180.56 164.75 CDA CUTOUT AA/A N/A 174.83 160.65 US BOXED BEEF CUTOUT - US $/CWT WEEK END Jan20/12 Jan13/12 Jan21/11 CHOICE 6-900 182.54 187.92 172.52 SELECT 6-900 174.89 178.00 169.56 HOG SLAUGHTER WEEK END Jan14/12(prel) Jan07/12(prel) Jan15/11 CANADA 446,553 372,629 450,194 EAST 265,903 210,429 272,876 WEST 180,650 162,200 177,318 AB/BC** 66,241 54,754 64,535 WEEK END Jan21/12(est) Jan14/12(est) Jan22/11 US 2,221,000 2,212,000 2,167,700 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Jan19/12 Jan12/12 Jan20/11 ALTA AVG 1.531 1.521 1.321 ONT AVG N/A 1.771 1.495 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Jan20/12 Jan13/12 Jan21/11 US $/CWT 84.28 82.09 74.59 CAN EQVT $/KG 1.631 1.604 1.415 US PORK CARCASS CUTOUT US $/CWT 85.64 83.92 85.52 HOG FUTURES - US$/CWT CAN/US$ CLOSE Jan20/2012 MTH LEAN CHG MTH FUTURES CHG FEB 85.33 -0.27 MAR .9850 +0.0095 APR 87.05 +0.00 JUN .9830 +0.0094 MAY 95.45 +0.60 SEP .9812 +0.0094 JUN 96.53 +0.43 DEC .9794 +0.0090 JUL 96.58 +1.08 MAR .9776 +0.0087 AUG 95.95 +0.05 JUN .9759 +0.0084 HOG INDICATORS WEEK END Jan14/12 Jan07/12 Jan15/11 AV DRSD WT US-LBS 208.0 207.0 207.0 FD:HOG RATIO Jan13/12Jan06/12Jan14/11 US CORN 13.8 12.8 11.9 Jan13/12 Jan06/12 Jan14/11 ALTA BARLEY 12.0 11.5 11.3 SHEEP AND LAMB PRICES - Most Recent Sale to Jan19/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 206.61-220.98 222.47-295.95 N/A TEXAS (US$) N/A N/A 80.00$/CWT MARKET LAMB PRICES - Most Recent Sale to Jan12/2012 CENTRAL ALTA N/A- N/A (INNISFAIL)