CAN/US $ Mar23 100.18 Mar16 100.87 Mar25/11 102.27 BANK RATE % Mar20 1.25 Mar13 1.25 Mar22/11 1.25 CATTLE SLAUGHTER WEEK END Mar17/12(prel) Mar10/12(prel) Mar19/11 CANADA 51,615 54,917 53,591 EAST 14,749 14,665 15,099 WEST 36,866 40,252 38,492 WEEK END Mar24/12(est) Mar17/12(est) Mar26/11 US 605,000 619,000 632,900 CANADIAN CATTLE GRADES WEEK END Mar17/12 Mar10/12 Mar19/11 A 41,079 43,257 41,265 B 662 619 430 D 5,981 7,469 4,868 E 296 332 595 A GRADE MARBLING (%) WEEK END Mar17/12 Mar10/12 Mar19/11 A 1.3% 1.2% 2.7% AA 34.7% 37.7% 40.5% AAA 64.0% 61.1% 56.7% CANADIAN CATTLE CLASSES WEEK END Mar17/12(prel) Mar10/12(prel) Mar19/11 STEERS 21,495 23,497 19,066 HEIFERS 20,745 20,846 23,560 COWS 9,008 10,202 10,295 BULLS 367 372 670 CALVES 4,402 4,546 5,177 CATTLE FUTURES - US $/CWT - CLOSE Mar23/2012 MTH LIVE CHG MTH FEEDER CHG APR 124.50 -0.80 MAR 153.30 -0.10 JUN 121.10 -1.60 APR 152.43 -1.88 AUG 123.20 -1.33 MAY 153.47 -2.43 OCT 128.38 -1.50 AUG 156.15 -1.57 DEC 129.88 -1.53 SEP 156.80 -1.45 FEB 130.72 -1.45 OCT 156.80 -1.40 WEEK END Mar23/12 Mar16/12 Mar25/11 US FSP - US$/CWT 154.05 155.71 131.25 CATTLE INDICATORS BY PROD VAL Mar16/12 Mar09/12 Mar18/11 EAST-$/HEAD N/A N/A 108.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 13.65 13.52 13.47 CURRENTNESS Mar17/12 Mar10/12 Mar19/11 WEST-A1% 40.6% 41.5% 48.7% CAN-A1% 44.2% 43.7% 52.1% FD:STR RATIO Mar16/12 Mar09/12 Mar18/11 ALTA BARLEY 22.6 23.2 24.9 Mar17/12 Mar10/12 Mar19/11 US CORN 18.8 19.7 19.4 AVG CARCASS WT Mar17/12 Mar10/12 Mar19/11 WEST STR-LBS 873.0 892.0 834.0 CAN STR-LBS 879.0 895.0 850.0 US CATTLE-LBS 791.0 789.0 772.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Mar23/12 Mar16/12 Mar25/11 ALBERTA RAILGRADE SALES STR-LOW 193.75 191.25 183.00 STR-HIGH 193.75 192.75 186.85 HFR-LOW 193.75 190.50 183.00 HFR-HIGH 193.75 192.75 186.85 ALBERTA DIRECT SALES STR-RANGE 114.70-117.00 113.50-115.25 109.00-109.00 AVERAGE N/A 114.62 110.04 VOLUME N/A 8,150 5,948 HFR-RANGE 116.00-116.50 113.00-114.50 N/A-N/A AVERAGE N/A 113.91 108.57 VOLUME N/A 7,961 6,276 OPEN MARKET - $/CWT Mar23/12 Mar16/12 Mar25/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 109.67-122.89 98.99-108.43 NEBRASKA* N/A-N/A 126.00-128.00 115.00-116.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 111.11-121.93 97.34-108.41 NEBRASKA* N/A-N/A 124.00-127.50 114.50-117.00 COWS - D1,2 CLYDE 65.00-75.00 65.00-75.00 68.00-82.00 SIOUX F* 82.50 81.75 82.25 800-900 LB FEEDER STEERS CLYDE 135.00-142.50 140.00-147.50 120.00-128.25 PONOKA 127.00-135.50 132.00-138.00 115.00-126.00 STRATHMOR 126.00-140.00 126.00-140.00 118.00-127.00 ONTARIO N/A-N/A 130.00-150.00 105.00-127.00 700-800 LB FEEDER STEERS CLYDE 145.00-155.00 150.00-161.00 125.00-136.00 PONOKA 138.00-153.00 140.00-154.00 120.00-134.00 STRATHMOR 140.00-155.00 140.00-158.00 115.00-138.00 C.NEBRAS* N/A-N/A 149.25-174.00 126.00-140.50 600-700 LB FEEDER STEERS CLYDE 160.00-171.00 160.00-170.00 135.00-147.00 PONOKA 155.00-176.00 157.00-174.00 135.00-155.00 STRATHMOR 145.00-182.00 145.00-182.00 130.00-156.00 500-600 LB FEEDER STEERS CLYDE 175.00-188.50 175.00-192.50 153.00-166.50 PONOKA 175.00-212.00 172.00-200.00 145.00-165.00 STRATHMOR 165.00-198.00 165.00-198.00 135.00-160.00 ONTARIO N/A-N/A 141.00-176.00 118.00-159.00 700-800 LB FEEDER HEIFERS CLYDE 135.00-143.00 135.00-145.50 110.00-125.00 PONOKA 129.00-137.00 129.00-143.00 118.00-124.00 STRATHMOR 130.00-152.00 130.00-154.00 110.00-133.00 500-600 LB FEEDER HEIFERS CLYDE 155.00-167.25 155.00-166.25 130.00-146.00 PONOKA 150.00-166.00 166.00-178.00 132.00-142.00 STRATHMOR 140.00-170.00 135.00-168.00 120.00-145.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Mar09/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 14,124 5,972 15,263 EAST 0 2,477 56 5,824 WEST 0 11,647 5,916 9,439 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Mar23/12 Mar16/12 Mar25/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 192.15 179.09 CDA CUTOUT AA/A N/A 185.51 176.47 US BOXED BEEF CUTOUT - US $/CWT WEEK END Mar23/12 Mar16/12 Mar25/11 CHOICE 6-900 189.62 191.24 187.66 SELECT 6-900 188.11 189.81 185.58 HOG SLAUGHTER WEEK END Mar17/12(prel) Mar10/12(prel) Mar19/11 CANADA 396,953 410,855 414,509 EAST 242,756 241,535 246,795 WEST 154,197 169,320 167,714 AB/BC** 55,202 57,430 57,612 WEEK END Mar24/12(est) Mar17/12(est) Mar26/11 US 2,132,000 2,174,000 2,114,000 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Mar22/12 Mar15/12 Mar24/11 ALTA AVG 1.536 1.535 1.450 ONT AVG N/A 1.803 1.726 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Mar23/12 Mar16/12 Mar25/11 US $/CWT 82.73 86.21 83.64 CAN EQVT $/KG 1.575 1.630 1.560 US PORK CARCASS CUTOUT US $/CWT 79.67 83.53 93.06 HOG FUTURES - US$/CWT CAN/US$ CLOSE Mar23/2012 MTH LEAN CHG MTH FUTURES CHG APR 85.03 -0.85 JUN .9997 -0.0069 MAY 93.75 -0.65 SEP .9977 -0.0070 JUN 92.22 -1.38 DEC .9955 -0.0069 JUL 92.50 -1.28 MAR .9933 -0.0066 AUG 93.50 -1.30 JUN .9911 -0.0057 OCT 84.95 -0.67 SEP .9889 N/A HOG INDICATORS WEEK END Mar17/12 Mar10/12 Mar19/11 AV DRSD WT US-LBS 209.0 209.0 209.0 FD:HOG RATIO Mar16/12Mar09/12Mar18/11 US CORN 12.8 13.2 13.0 Mar16/12 Mar09/12 Mar18/11 ALTA BARLEY 11.0 11.4 12.2 SHEEP AND LAMB PRICES - Most Recent Sale to Mar22/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 198.80-216.71 226.80-323.64 N/A TEXAS (US$) N/A N/A N/A MARKET LAMB PRICES - Most Recent Sale to Mar15/2012 CENTRAL ALTA 182.40-182.40 (INNISFAIL)