CAN/US $ Mar16 100.87 Mar09 101.06 Mar18/11 101.58 BANK RATE % Mar13 1.25 Mar06 1.25 Mar15/11 1.25 CATTLE SLAUGHTER WEEK END Mar10/12(prel) Mar03/12(prel) Mar12/11 CANADA 54,917 57,415 50,869 EAST 14,665 14,719 13,517 WEST 40,252 42,696 37,352 WEEK END Mar17/12(est) Mar10/12(est) Mar19/11 US 619,000 631,000 619,200 CANADIAN CATTLE GRADES WEEK END Mar10/12 Mar03/12 Mar12/11 A 43,257 44,694 41,044 B 619 622 351 D 7,469 8,452 3,072 E 332 247 356 A GRADE MARBLING (%) WEEK END Mar10/12 Mar03/12 Mar12/11 A 1.2% 1.1% 2.4% AA 37.7% 38.8% 38.7% AAA 61.1% 60.1% 58.9% CANADIAN CATTLE CLASSES WEEK END Mar10/12(prel) Mar03/12(prel) Mar12/11 STEERS 23,497 23,999 22,149 HEIFERS 20,846 21,778 20,083 COWS 10,202 11,360 8,218 BULLS 372 278 419 CALVES 4,546 4,382 4,657 CATTLE FUTURES - US $/CWT - CLOSE Mar16/2012 MTH LIVE CHG MTH FEEDER CHG APR 125.30 -0.73 MAR 153.40 -0.53 JUN 122.70 -0.90 APR 154.30 -1.55 AUG 124.53 -1.63 MAY 155.90 -1.25 OCT 129.88 -1.32 AUG 157.72 -1.20 DEC 131.40 -1.20 SEP 158.25 -0.68 FEB 132.18 -0.88 OCT 158.20 -1.00 WEEK END Mar16/12 Mar09/12 Mar18/11 US FSP - US$/CWT 155.71 156.36 128.82 CATTLE INDICATORS BY PROD VAL Mar09/12 Mar02/12 Mar11/11 EAST-$/HEAD N/A N/A 108.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 13.52 13.30 13.20 CURRENTNESS Mar10/12 Mar03/12 Mar12/11 WEST-A1% 41.5% 41.4% 47.1% CAN-A1% 43.7% 43.9% 49.9% FD:STR RATIO Mar09/12 Mar02/12 Mar11/11 ALTA BARLEY 23.2 24.2 25.5 Mar10/12 Mar03/12 Mar12/11 US CORN 19.7 19.4 18.3 AVG CARCASS WT Mar10/12 Mar03/12 Mar12/11 WEST STR-LBS 892.0 893.0 835.0 CAN STR-LBS 895.0 889.0 848.0 US CATTLE-LBS 789.0 788.0 775.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Mar16/12 Mar09/12 Mar18/11 ALBERTA RAILGRADE SALES STR-LOW 191.25 189.50 182.00 STR-HIGH 192.75 192.75 182.85 HFR-LOW 190.50 192.00 182.50 HFR-HIGH 192.75 192.00 182.85 ALBERTA DIRECT SALES STR-RANGE 113.50-115.25 115.25-115.75 108.00-108.30 AVERAGE N/A 114.83 107.88 VOLUME N/A 7,051 9,192 HFR-RANGE 113.00-114.50 115.25-115.75 106.30-106.30 AVERAGE N/A 115.07 106.39 VOLUME N/A 5,860 5,952 OPEN MARKET - $/CWT Mar16/12 Mar09/12 Mar18/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 111.71-125.73 99.11-109.86 NEBRASKA* 126.00-127.50 126.00-127.50 114.00-115.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 107.77-123.44 93.37-108.37 NEBRASKA* 124.00-127.50 126.00-127.50 112.50-115.00 COWS - D1,2 CLYDE 65.00-75.00 65.00-80.00 68.00-82.00 SIOUX F* 81.75 84.25 78.00 800-900 LB FEEDER STEERS CLYDE 140.00-147.50 140.00-149.50 120.00-127.00 PONOKA 132.00-138.00 134.00-143.00 118.00-126.50 STRATHMOR 126.00-140.00 132.00-146.00 118.00-127.00 ONTARIO N/A-N/A 127.00-145.00 114.00-130.00 700-800 LB FEEDER STEERS CLYDE 150.00-161.00 150.00-164.00 125.00-135.00 PONOKA 140.00-154.00 143.00-165.00 127.00-137.00 STRATHMOR 140.00-158.00 140.00-164.00 115.00-138.00 C.NEBRAS* N/A-N/A 145.00-165.00 126.75-147.00 600-700 LB FEEDER STEERS CLYDE 160.00-170.00 160.00-174.00 135.00-150.00 PONOKA 157.00-174.00 166.00-180.00 137.00-150.00 STRATHMOR 145.00-182.00 145.00-184.00 130.00-159.00 500-600 LB FEEDER STEERS CLYDE 175.00-192.50 175.00-195.50 153.00-166.00 PONOKA 172.00-200.00 177.50-193.00 150.00-164.00 STRATHMOR 165.00-198.00 165.00-196.00 135.00-160.00 ONTARIO N/A-N/A 144.00-181.00 128.00-163.00 700-800 LB FEEDER HEIFERS CLYDE 135.00-145.50 135.00-145.50 110.00-125.00 PONOKA 129.00-143.00 140.00-145.00 114.00-123.00 STRATHMOR 130.00-154.00 130.00-152.00 110.00-133.00 500-600 LB FEEDER HEIFERS CLYDE 155.00-166.25 155.00-172.25 130.00-151.00 PONOKA 166.00-178.00 165.00-176.00 128.00-137.00 STRATHMOR 135.00-168.00 135.00-170.00 120.00-141.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Mar02/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 13,404 4,464 15,841 EAST 0 2,330 56 6,210 WEST 0 11,074 4,408 9,631 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Mar16/12 Mar09/12 Mar18/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 188.08 176.93 CDA CUTOUT AA/A N/A 185.16 175.91 US BOXED BEEF CUTOUT - US $/CWT WEEK END Mar16/12 Mar09/12 Mar18/11 CHOICE 6-900 191.24 196.65 186.88 SELECT 6-900 189.81 194.27 185.42 HOG SLAUGHTER WEEK END Mar10/12(prel) Mar03/12(prel) Mar12/11 CANADA 410,854 421,144 400,404 EAST 241,535 246,342 234,704 WEST 169,319 174,802 165,700 AB/BC** 57,429 57,928 58,700 WEEK END Mar17/12(est) Mar10/12(est) Mar19/11 US 2,174,000 2,132,000 2,139,800 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Mar15/12 Mar08/12 Mar17/11 ALTA AVG N/A 1.549 1.451 ONT AVG N/A 1.800 1.727 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Mar16/12 Mar09/12 Mar18/11 US $/CWT 86.21 85.59 79.20 CAN EQVT $/KG 1.630 1.616 1.487 US PORK CARCASS CUTOUT US $/CWT 82.70 84.55 91.91 HOG FUTURES - US$/CWT CAN/US$ CLOSE Mar16/2012 MTH LEAN CHG MTH FUTURES CHG APR 85.88 -1.95 MAR 1.0086 -0.0012 MAY 94.40 -1.30 JUN 1.0066 -0.0012 JUN 93.60 -1.73 SEP 1.0047 -0.0009 JUL 93.78 -1.63 DEC 1.0024 -0.0010 AUG 94.80 -1.67 MAR .9999 -0.0012 OCT 85.63 -1.47 JUN .9968 -0.0017 HOG INDICATORS WEEK END Mar10/12 Mar03/12 Mar12/11 AV DRSD WT US-LBS 209.0 209.0 208.0 FD:HOG RATIO Mar09/12Mar02/12Mar11/11 US CORN 13.2 13.2 13.0 Mar09/12 Mar02/12 Mar11/11 ALTA BARLEY 11.4 11.8 12.3 SHEEP AND LAMB PRICES - Most Recent Sale to Mar15/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 188.47-207.69 215.08-299.60 N/A TEXAS (US$) N/A 187.00 94.00$/CWT MARKET LAMB PRICES - Most Recent Sale to Mar08/2012 CENTRAL ALTA 160.80-175.20 (INNISFAIL)