CAN/US $ Feb24 100.12 Feb17 100.30 Feb25/11 101.95 BANK RATE % Feb21 1.25 Feb14 1.25 Feb22/11 1.25 CATTLE SLAUGHTER WEEK END Feb18/12(prel) Feb11/12(prel) Feb19/11 CANADA 53,248 54,725 54,906 EAST 13,181 14,642 14,982 WEST 40,067 40,083 39,924 WEEK END Feb25/12(est) Feb18/12(est) Feb26/11 US 592,000 616,000 654,600 CANADIAN CATTLE GRADES WEEK END Feb18/12 Feb11/12 Feb19/11 A 40,802 42,289 41,003 B 611 651 326 D 7,942 7,836 5,775 E 501 335 319 A GRADE MARBLING (%) WEEK END Feb18/12 Feb11/12 Feb19/11 A 1.4% 1.7% 1.7% AA 42.6% 44.5% 38.4% AAA 55.9% 53.8% 59.8% CANADIAN CATTLE CLASSES WEEK END Feb18/12(prel) Feb11/12(prel) Feb19/11 STEERS 24,218 24,249 22,962 HEIFERS 17,160 18,766 19,228 COWS 11,327 11,328 12,327 BULLS 543 382 389 CALVES 4,481 4,357 4,597 CATTLE FUTURES - US $/CWT - CLOSE Feb24/2012 MTH LIVE CHG MTH FEEDER CHG FEB 127.55 -1.05 MAR 157.68 -0.75 APR 129.50 -1.40 APR 160.28 -0.20 JUN 127.75 -0.72 MAY 161.95 +0.15 AUG 130.20 +0.00 AUG 163.38 -0.15 OCT 134.15 +0.50 SEP 162.72 -0.38 DEC 134.63 +0.03 OCT 162.45 -0.15 WEEK END Feb24/12 Feb17/12 Feb25/11 US FSP - US$/CWT 156.50 155.93 128.60 CATTLE INDICATORS BY PROD VAL Feb17/12 Feb10/12 Feb18/11 EAST-$/HEAD N/A N/A 106.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 12.98 12.73 12.90 CURRENTNESS Feb18/12 Feb11/12 Feb19/11 WEST-A1% 49.5% 47.8% 42.5% CAN-A1% 50.5% 48.9% 46.4% FD:STR RATIO Feb17/12 Feb10/12 Feb18/11 ALTA BARLEY 24.2 23.9 24.9 Feb18/12 Feb11/12 Feb19/11 US CORN 19.1 19.2 15.5 AVG CARCASS WT Feb18/12 Feb11/12 Feb19/11 WEST STR-LBS 877.0 885.0 839.0 CAN STR-LBS 879.0 884.0 848.0 US CATTLE-LBS 786.0 783.0 781.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Feb24/12 Feb17/12 Feb25/11 ALBERTA RAILGRADE SALES STR-LOW 192.85 188.85 174.50 STR-HIGH 196.75 189.75 176.85 HFR-LOW 194.00 189.75 175.85 HFR-HIGH 196.75 190.75 176.85 ALBERTA DIRECT SALES STR-RANGE 114.00-117.25 111.00-114.00 103.00-103.00 AVERAGE N/A 112.61 104.27 VOLUME N/A 9,918 6,325 HFR-RANGE 117.25-118.00 112.50-114.00 N/A-N/A AVERAGE N/A 113.16 103.42 VOLUME N/A 6,590 4,801 OPEN MARKET - $/CWT Feb24/12 Feb17/12 Feb25/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 111.27-123.22 96.40-108.90 NEBRASKA* N/A-N/A 126.00-129.50 110.00-112.50 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 110.72-120.72 95.03-106.19 NEBRASKA* N/A-N/A 127.00-129.50 110.00-112.50 COWS - D1,2 CLYDE 65.00-78.00 65.00-78.00 63.00-76.00 SIOUX F* 84.50 83.50 77.00 800-900 LB FEEDER STEERS CLYDE 140.00-147.75 140.00-146.75 117.00-127.50 PONOKA 135.00-148.50 135.00-148.00 115.00-125.50 STRATHMOR 132.00-150.00 132.00-150.00 115.00-129.00 ONTARIO N/A-N/A 133.00-148.00 114.00-127.00 700-800 LB FEEDER STEERS CLYDE 150.00-158.50 150.00-158.50 125.00-135.50 PONOKA 148.00-165.00 148.00-160.00 123.00-135.00 STRATHMOR 140.00-158.00 140.00-158.00 115.00-136.00 C.NEBRAS* N/A-N/A 149.00-173.50 120.00-138.85 600-700 LB FEEDER STEERS CLYDE 160.00-171.00 160.00-170.00 135.00-150.50 PONOKA 162.00-175.00 155.00-177.00 135.00-151.00 STRATHMOR 145.00-182.00 145.00-178.00 130.00-148.00 500-600 LB FEEDER STEERS CLYDE 175.00-198.50 175.00-190.50 155.00-171.00 PONOKA 175.00-205.00 175.00-200.00 150.00-175.00 STRATHMOR 165.00-198.00 165.00-192.00 135.00-164.00 ONTARIO N/A-N/A 149.00-186.00 134.00-161.00 700-800 LB FEEDER HEIFERS CLYDE 135.00-147.00 135.00-145.00 110.00-129.50 PONOKA 138.00-148.00 136.00-146.00 115.00-125.00 STRATHMOR 130.00-148.00 130.00-148.00 110.00-125.00 500-600 LB FEEDER HEIFERS CLYDE 155.00-173.50 155.00-169.50 130.00-154.50 PONOKA 155.00-167.00 155.00-167.00 133.00-148.00 STRATHMOR 135.00-170.00 135.00-170.00 120.00-144.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Feb10/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 10,423 3,399 16,090 EAST 0 2,087 34 7,206 WEST 0 8,336 3,365 8,884 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Feb24/12 Feb17/12 Feb25/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 181.09 166.14 CDA CUTOUT AA/A N/A 178.49 165.60 US BOXED BEEF CUTOUT - US $/CWT WEEK END Feb24/12 Feb17/12 Feb25/11 CHOICE 6-900 N/A 189.04 169.90 SELECT 6-900 N/A 184.05 169.45 HOG SLAUGHTER WEEK END Feb18/12(prel) Feb11/12(prel) Feb19/11 CANADA 414,611 418,807 413,299 EAST 244,014 245,014 244,735 WEST 170,597 173,793 168,564 AB/BC** 57,553 58,648 59,681 WEEK END Feb25/12(est) Feb18/12(est) Feb26/11 US 2,120,000 2,149,000 2,106,700 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Feb23/12 Feb16/12 Feb24/11 ALTA AVG 1.539 1.542 1.438 ONT AVG N/A 1.803 1.732 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Feb24/12 Feb17/12 Feb25/11 US $/CWT 86.86 84.58 81.66 CAN EQVT $/KG 1.655 1.609 1.528 US PORK CARCASS CUTOUT US $/CWT N/A 86.52 91.75 HOG FUTURES - US$/CWT CAN/US$ CLOSE Feb24/2012 MTH LEAN CHG MTH FUTURES CHG APR 89.72 -0.65 MAR .9992 -0.0042 MAY 98.72 -0.18 JUN .9972 -0.0042 JUN 99.17 -0.20 SEP .9953 -0.0041 JUL 99.20 -0.55 DEC .9935 -0.0040 AUG 98.85 -0.88 MAR .9915 -0.0040 OCT 88.90 -1.05 JUN .9897 -0.0040 HOG INDICATORS WEEK END Feb18/12 Feb11/12 Feb19/11 AV DRSD WT US-LBS 208.0 209.0 208.0 FD:HOG RATIO Feb17/12Feb10/12Feb18/11 US CORN 13.1 13.2 11.2 Feb17/12 Feb10/12 Feb18/11 ALTA BARLEY 12.0 12.1 12.6 SHEEP AND LAMB PRICES - Most Recent Sale to Feb23/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 185.17-206.09 184.33-265.90 N/A TEXAS (US$) N/A N/A 93.00$/CWT MARKET LAMB PRICES - Most Recent Sale to Feb16/2012 CENTRAL ALTA 182.40-182.40 (INNISFAIL)