CAN/US $ Jan27 99.87 Jan20 98.59 Jan28/11 100.10 BANK RATE % Jan24 1.25 Jan17 1.25 Jan25/11 1.25 CATTLE SLAUGHTER WEEK END Jan21/12(prel) Jan14/12(prel) Jan22/11 CANADA 54,325 55,597 61,302 EAST 14,940 15,122 15,027 WEST 39,385 40,475 46,275 WEEK END Jan28/12(est) Jan21/12(est) Jan29/11 US 608,000 628,000 653,600 CANADIAN CATTLE GRADES WEEK END Jan21/12 Jan14/12 Jan22/11 A 42,371 43,761 49,023 B 558 667 398 D 7,700 7,091 4,172 E 166 194 317 A GRADE MARBLING (%) WEEK END Jan21/12 Jan14/12 Jan22/11 A 1.5% 1.6% 1.6% AA 51.3% 52.3% 40.4% AAA 47.2% 46.1% 57.9% CANADIAN CATTLE CLASSES WEEK END Jan21/12(prel) Jan14/12(prel) Jan22/11 STEERS 29,727 28,265 27,849 HEIFERS 13,200 16,197 22,300 COWS 11,160 10,860 10,741 BULLS 238 275 412 CALVES 4,442 4,733 4,812 CATTLE FUTURES - US $/CWT - CLOSE Jan27/2012 MTH LIVE CHG MTH FEEDER CHG FEB 124.70 +0.15 MAR 154.60 +0.75 APR 128.45 +0.72 APR 156.82 +1.63 JUN 127.18 +0.85 MAY 157.65 +1.60 AUG 128.95 +1.35 AUG 158.95 +1.60 OCT 131.72 +1.65 SEP 158.90 +1.60 DEC 132.55 +1.63 OCT 158.85 +1.55 WEEK END Jan27/12 Jan20/12 Jan28/11 US FSP - US$/CWT 153.07 150.39 125.65 CATTLE INDICATORS BY PROD VAL Jan20/12 Jan13/12 Jan21/11 EAST-$/HEAD N/A N/A 101.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 12.48 12.40 12.76 CURRENTNESS Jan21/12 Jan14/12 Jan22/11 WEST-A1% 49.2% 50.8% 44.9% CAN-A1% 49.9% 51.4% 46.6% FD:STR RATIO Jan20/12 Jan13/12 Jan21/11 ALTA BARLEY 25.0 24.7 24.4 Jan21/12 Jan14/12 Jan22/11 US CORN 20.2 20.0 17.0 AVG CARCASS WT Jan21/12 Jan14/12 Jan22/11 WEST STR-LBS 882.0 883.0 846.0 CAN STR-LBS 883.0 884.0 858.0 US CATTLE-LBS 780.0 777.0 787.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Jan27/12 Jan20/12 Jan28/11 ALBERTA RAILGRADE SALES STR-LOW 190.50 189.75 172.75 STR-HIGH 191.50 191.75 175.85 HFR-LOW 190.75 189.75 174.50 HFR-HIGH 191.50 191.75 175.85 ALBERTA DIRECT SALES STR-RANGE 114.00-114.00 115.00-115.50 102.20-105.00 AVERAGE N/A 114.16 103.60 VOLUME N/A 12,445 10,903 HFR-RANGE N/A-N/A 115.00-115.00 103.40-103.75 AVERAGE N/A 114.15 103.05 VOLUME N/A 7,493 6,987 OPEN MARKET - $/CWT Jan27/12 Jan20/12 Jan28/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 117.49-128.75 96.20-107.51 NEBRASKA* N/A-N/A 125.00-126.00 100.00-105.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 114.94-125.89 95.38-104.19 NEBRASKA* N/A-N/A 126.00-128.00 102.00-106.00 COWS - D1,2 CLYDE N/A-N/A 65.00-75.00 55.00-65.00 SIOUX F* N/A 72.00 77.00 800-900 LB FEEDER STEERS CLYDE N/A-N/A 130.00-145.50 115.00-125.00 PONOKA 140.00-152.00 130.00-147.00 118.00-123.00 STRATHMOR 135.00-153.00 125.00-147.00 110.00-125.00 ONTARIO N/A-N/A N/A-N/A 105.00-124.00 700-800 LB FEEDER STEERS CLYDE N/A-N/A 140.00-156.25 120.00-132.75 PONOKA 150.00-162.75 140.00-153.00 116.00-132.00 STRATHMOR 140.00-164.00 130.00-153.00 115.00-134.00 C.NEBRAS* N/A-N/A 144.00-161.50 120.25-136.25 600-700 LB FEEDER STEERS CLYDE N/A-N/A 152.00-167.00 135.00-146.25 PONOKA 165.00-181.50 148.00-162.00 120.00-145.00 STRATHMOR 145.00-178.00 135.00-167.00 130.00-147.00 500-600 LB FEEDER STEERS CLYDE N/A-N/A 175.00-197.00 148.00-164.50 PONOKA 175.00-198.00 160.00-185.00 145.00-162.00 STRATHMOR 155.00-195.00 155.00-189.00 135.00-166.00 ONTARIO N/A-N/A N/A-N/A 128.00-151.00 700-800 LB FEEDER HEIFERS CLYDE N/A-N/A 125.00-137.00 110.00-124.00 PONOKA 132.00-145.00 130.00-145.00 110.00-123.00 STRATHMOR 130.00-146.00 124.00-146.00 110.00-124.00 500-600 LB FEEDER HEIFERS CLYDE N/A-N/A 140.00-156.75 130.00-142.50 PONOKA 155.00-172.75 145.00-164.00 125.00-142.00 STRATHMOR 135.00-168.00 135.00-166.00 120.00-144.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Jan13/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 9,929 2,024 21,399 EAST 0 3,136 31 9,027 WEST 0 6,793 1,993 12,372 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Jan27/12 Jan20/12 Jan28/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 178.94 N/A CDA CUTOUT AA/A N/A 173.53 N/A US BOXED BEEF CUTOUT - US $/CWT WEEK END Jan27/12 Jan20/12 Jan28/11 CHOICE 6-900 184.26 182.54 173.25 SELECT 6-900 179.01 174.89 171.17 HOG SLAUGHTER WEEK END Jan21/12(prel) Jan14/12(prel) Jan22/11 CANADA 436,811 446,553 430,837 EAST 261,239 265,903 265,034 WEST 175,572 180,650 165,803 AB/BC** 58,492 66,241 59,450 WEEK END Jan28/12(est) Jan21/12(est) Jan29/11 US 2,167,000 2,221,000 2,184,600 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Jan26/12 Jan19/12 Jan27/11 ALTA AVG 1.550 1.528 1.361 ONT AVG N/A 1.799 1.539 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Jan27/12 Jan20/12 Jan28/11 US $/CWT 85.20 84.28 79.29 CAN EQVT $/KG 1.627 1.631 1.511 US PORK CARCASS CUTOUT US $/CWT N/A 85.02 87.31 HOG FUTURES - US$/CWT CAN/US$ CLOSE Jan27/2012 MTH LEAN CHG MTH FUTURES CHG FEB 86.67 +1.35 MAR .9976 +0.0126 APR 87.38 +0.33 JUN .9956 +0.0126 MAY 96.17 +0.72 SEP .9936 +0.0124 JUN 97.35 +0.82 DEC .9916 +0.0122 JUL 97.63 +1.05 MAR .9897 +0.0121 AUG 97.20 +1.25 JUN .9878 +0.0119 HOG INDICATORS WEEK END Jan21/12 Jan14/12 Jan22/11 AV DRSD WT US-LBS 209.0 208.0 208.0 FD:HOG RATIO Jan20/12Jan13/12Jan21/11 US CORN 13.8 13.8 12.0 Jan20/12 Jan13/12 Jan21/11 ALTA BARLEY 12.1 12.0 11.5 SHEEP AND LAMB PRICES - Most Recent Sale to Jan26/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 214.53-224.04 223.74-278.81 N/A TEXAS (US$) N/A N/A 83.00$/CWT MARKET LAMB PRICES - Most Recent Sale to Jan19/2012 CENTRAL ALTA 189.12-189.12 (INNISFAIL)