CAN/US $ Mar09 101.06 Mar02 101.13 Mar11/11 102.73 BANK RATE % Mar06 1.25 Feb28 1.25 Mar08/11 1.25 CATTLE SLAUGHTER WEEK END Mar03/12(prel) Feb25/12(prel) Mar05/11 CANADA 57,294 50,475 49,991 EAST 14,598 12,387 15,215 WEST 42,696 38,088 34,776 WEEK END Mar10/12(est) Mar03/12(est) Mar12/11 US 631,000 621,000 637,900 CANADIAN CATTLE GRADES WEEK END Mar03/12 Feb25/12 Mar05/11 A 44,694 39,363 40,179 B 622 505 300 D 8,452 6,996 2,544 E 247 352 470 A GRADE MARBLING (%) WEEK END Mar03/12 Feb25/12 Mar05/11 A 1.1% 1.1% 2.2% AA 38.8% 37.4% 37.8% AAA 60.1% 61.5% 60.1% CANADIAN CATTLE CLASSES WEEK END Mar03/12(prel) Feb25/12(prel) Mar05/11 STEERS 23,999 22,002 19,309 HEIFERS 21,778 18,006 21,816 COWS 11,239 10,077 8,339 BULLS 278 390 527 CALVES 2,823 4,384 4,763 CATTLE FUTURES - US $/CWT - CLOSE Mar09/2012 MTH LIVE CHG MTH FEEDER CHG APR 126.03 -3.92 MAR 153.93 -4.17 JUN 123.60 -3.68 APR 155.85 -5.47 AUG 126.15 -3.50 MAY 157.15 -5.70 OCT 131.20 -3.13 AUG 158.93 -5.10 DEC 132.60 -2.50 SEP 158.93 -4.57 FEB 133.05 -2.15 OCT 159.20 -4.30 WEEK END Mar09/12 Mar02/12 Mar11/11 US FSP - US$/CWT 156.36 156.42 129.25 CATTLE INDICATORS BY PROD VAL Mar02/12 Feb24/12 Mar04/11 EAST-$/HEAD N/A N/A 107.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 13.30 13.15 13.01 CURRENTNESS Mar03/12 Feb25/12 Mar05/11 WEST-A1% 41.4% 42.1% 46.1% CAN-A1% 43.9% 43.7% 49.3% FD:STR RATIO Mar02/12 Feb24/12 Mar04/11 ALTA BARLEY 24.2 24.6 24.3 Mar03/12 Feb25/12 Mar05/11 US CORN 19.4 20.1 16.0 AVG CARCASS WT Mar03/12 Feb25/12 Mar05/11 WEST STR-LBS 893.0 891.0 844.0 CAN STR-LBS 889.0 892.0 859.0 US CATTLE-LBS 788.0 788.0 778.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Mar09/12 Mar02/12 Mar11/11 ALBERTA RAILGRADE SALES STR-LOW 189.50 192.50 181.00 STR-HIGH 192.75 192.50 184.10 HFR-LOW 192.00 195.50 181.00 HFR-HIGH 192.00 195.50 183.85 ALBERTA DIRECT SALES STR-RANGE 115.25-115.75 115.00-116.75 108.00-109.00 AVERAGE N/A 115.77 108.95 VOLUME N/A 8,849 5,977 HFR-RANGE 115.25-115.75 112.75-116.75 108.00-108.00 AVERAGE N/A 115.33 108.39 VOLUME N/A 7,441 5,322 OPEN MARKET - $/CWT Mar09/12 Mar02/12 Mar11/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 111.71-127.22 95.57-108.43 NEBRASKA* N/A-N/A 128.00-130.00 117.00-119.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 111.91-124.01 93.06-107.64 NEBRASKA* N/A-N/A 128.00-130.50 117.00-119.00 COWS - D1,2 CLYDE 65.00-80.00 65.00-80.00 67.00-78.00 SIOUX F* 84.25 83.75 73.50 800-900 LB FEEDER STEERS CLYDE 140.00-149.50 140.00-150.00 117.00-126.25 PONOKA 134.00-143.00 138.00-146.50 110.00-126.00 STRATHMOR 132.00-146.00 N/A-N/A 118.00-129.00 ONTARIO N/A-N/A 130.00-149.00 108.00-126.00 700-800 LB FEEDER STEERS CLYDE 150.00-164.00 150.00-162.50 125.00-135.00 PONOKA 143.00-165.00 148.00-161.00 118.00-136.75 STRATHMOR 140.00-164.00 N/A-N/A 115.00-138.00 C.NEBRAS* N/A-N/A 147.00-172.35 126.50-137.50 600-700 LB FEEDER STEERS CLYDE 160.00-174.00 160.00-172.75 135.00-150.50 PONOKA 166.00-180.00 160.00-169.00 135.00-156.00 STRATHMOR 145.00-184.00 N/A-N/A 130.00-148.00 500-600 LB FEEDER STEERS CLYDE 175.00-195.50 175.00-190.50 153.00-169.00 PONOKA 177.50-193.00 175.00-193.00 145.00-169.00 STRATHMOR 165.00-196.00 N/A-N/A 135.00-160.00 ONTARIO N/A-N/A 146.00-188.00 125.00-162.00 700-800 LB FEEDER HEIFERS CLYDE 135.00-145.50 135.00-145.50 110.00-125.00 PONOKA 140.00-145.00 138.00-146.00 110.00-128.00 STRATHMOR 130.00-152.00 N/A-N/A 110.00-129.00 500-600 LB FEEDER HEIFERS CLYDE 155.00-172.25 155.00-172.00 130.00-148.00 PONOKA 165.00-176.00 165.00-177.00 140.00-155.00 STRATHMOR 135.00-170.00 N/A-N/A 120.00-141.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Feb24/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 12,598 4,880 15,593 EAST 0 2,528 32 5,604 WEST 0 10,070 4,848 9,989 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Mar09/12 Mar02/12 Mar11/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 189.40 175.10 CDA CUTOUT AA/A N/A 185.60 173.61 US BOXED BEEF CUTOUT - US $/CWT WEEK END Mar09/12 Mar02/12 Mar11/11 CHOICE 6-900 196.65 198.51 177.34 SELECT 6-900 194.27 194.56 176.21 HOG SLAUGHTER WEEK END Mar03/12(prel) Feb25/12(prel) Mar05/11 CANADA 413,252 395,732 413,442 EAST 238,450 241,904 246,040 WEST 174,802 153,828 167,402 AB/BC** 57,928 57,696 58,490 WEEK END Mar10/12(est) Mar03/12(est) Mar12/11 US 2,132,000 2,150,000 2,147,800 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Mar08/12 Mar01/12 Mar10/11 ALTA AVG N/A 1.551 1.444 ONT AVG N/A 1.802 1.715 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Mar09/12 Mar02/12 Mar11/11 US $/CWT 85.59 85.90 79.95 CAN EQVT $/KG 1.616 1.620 1.485 US PORK CARCASS CUTOUT US $/CWT 83.53 85.23 91.06 HOG FUTURES - US$/CWT CAN/US$ CLOSE Mar09/2012 MTH LEAN CHG MTH FUTURES CHG APR 87.83 -2.60 MAR 1.0098 -0.0018 MAY 95.70 -2.85 JUN 1.0078 -0.0017 JUN 95.33 -4.17 SEP 1.0056 -0.0016 JUL 95.40 -4.35 DEC 1.0034 -0.0017 AUG 96.47 -3.50 MAR 1.0011 -0.0018 OCT 87.10 -2.53 JUN .9985 -0.0020 HOG INDICATORS WEEK END Mar03/12 Feb25/12 Mar05/11 AV DRSD WT US-LBS 209.0 208.0 208.0 FD:HOG RATIO Mar02/12Feb24/12Mar04/11 US CORN 13.2 13.5 11.7 Mar02/12 Feb24/12 Mar04/11 ALTA BARLEY 11.8 11.9 12.1 SHEEP AND LAMB PRICES - Most Recent Sale to Mar08/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 184.08-201.05 222.78-274.03 N/A TEXAS (US$) N/A N/A 96.00$/CWT MARKET LAMB PRICES - Most Recent Sale to Mar01/2012 CENTRAL ALTA 176.16-180.48 (INNISFAIL)