CAN/US $ Mar30 100.09 Mar23 100.18 Apr01/11 103.85 BANK RATE % Mar27 1.25 Mar20 1.25 Mar29/11 1.25 CATTLE SLAUGHTER WEEK END Mar24/12(prel) Mar17/12(prel) Mar26/11 CANADA 58,531 51,615 51,839 EAST 15,075 14,749 14,894 WEST 43,456 36,866 36,945 WEEK END Mar31/12(est) Mar24/12(est) Apr02/11 US 602,000 602,000 639,700 CANADIAN CATTLE GRADES WEEK END Mar24/12 Mar17/12 Mar26/11 A 46,280 41,079 41,084 B 715 662 296 D 7,210 5,981 2,652 E 391 296 501 A GRADE MARBLING (%) WEEK END Mar24/12 Mar17/12 Mar26/11 A 1.2% 1.3% 2.6% AA 32.1% 34.7% 37.1% AAA 66.7% 64.0% 60.3% CANADIAN CATTLE CLASSES WEEK END Mar24/12(prel) Mar17/12(prel) Mar26/11 STEERS 23,187 21,495 22,234 HEIFERS 24,757 20,745 20,158 COWS 10,138 9,008 8,893 BULLS 449 367 554 CALVES 4,466 4,402 4,702 CATTLE FUTURES - US $/CWT - CLOSE Mar30/2012 MTH LIVE CHG MTH FEEDER CHG APR 120.45 -4.05 APR 148.82 -3.60 JUN 116.15 -4.95 MAY 149.13 -4.35 AUG 119.68 -3.53 AUG 152.70 -3.45 OCT 125.60 -2.78 SEP 154.00 -2.80 DEC 127.10 -2.78 OCT 154.03 -2.78 FEB 127.85 -2.88 NOV 154.75 -2.22 WEEK END Mar30/12 Mar23/12 Apr01/11 US FSP - US$/CWT 153.93 154.05 134.43 CATTLE INDICATORS BY PROD VAL Mar23/12 Mar16/12 Mar25/11 EAST-$/HEAD N/A N/A 108.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 13.71 13.65 13.53 CURRENTNESS Mar24/12 Mar17/12 Mar26/11 WEST-A1% 42.2% 40.6% 50.6% CAN-A1% 44.4% 44.2% 53.2% FD:STR RATIO Mar23/12 Mar16/12 Mar25/11 ALTA BARLEY 22.7 22.6 25.4 Mar24/12 Mar17/12 Mar26/11 US CORN 19.6 18.8 16.9 AVG CARCASS WT Mar24/12 Mar17/12 Mar26/11 WEST STR-LBS 887.0 873.0 836.0 CAN STR-LBS 888.0 879.0 857.0 US CATTLE-LBS 792.0 791.0 772.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Mar30/12 Mar23/12 Apr01/11 ALBERTA RAILGRADE SALES STR-LOW 188.00 193.75 194.00 STR-HIGH 190.25 193.75 196.75 HFR-LOW 188.00 193.75 192.00 HFR-HIGH 189.00 193.75 196.75 ALBERTA DIRECT SALES STR-RANGE 115.25-116.00 114.70-117.00 114.50-116.00 AVERAGE N/A 116.54 115.56 VOLUME N/A 6,306 8,111 HFR-RANGE 112.00-116.00 116.00-116.50 112.60-115.60 AVERAGE N/A 116.19 114.16 VOLUME N/A 7,983 6,056 OPEN MARKET - $/CWT Mar30/12 Mar23/12 Apr01/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 112.67-130.02 102.21-114.02 NEBRASKA* N/A-N/A 127.00-128.00 120.00-125.50 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 109.12-122.32 95.48-110.06 NEBRASKA* 126.00-127.00 127.00-128.00 121.00-125.50 COWS - D1,2 CLYDE N/A-N/A 65.00-75.00 75.00-84.00 SIOUX F* 83.25 82.50 82.50 800-900 LB FEEDER STEERS CLYDE N/A-N/A 135.00-142.50 120.00-127.50 PONOKA 126.00-136.00 127.00-135.50 115.00-126.00 STRATHMOR N/A-N/A 126.00-140.00 118.00-129.00 ONTARIO N/A-N/A 139.00-146.00 118.00-127.00 700-800 LB FEEDER STEERS CLYDE N/A-N/A 145.00-155.00 125.00-138.00 PONOKA 138.00-155.00 138.00-153.00 120.00-135.00 STRATHMOR N/A-N/A 140.00-155.00 115.00-141.00 C.NEBRAS* N/A-N/A 145.50-165.00 124.00-148.75 600-700 LB FEEDER STEERS CLYDE N/A-N/A 160.00-171.00 140.00-149.50 PONOKA 155.00-172.00 155.00-176.00 135.00-155.00 STRATHMOR N/A-N/A 145.00-182.00 130.00-158.00 500-600 LB FEEDER STEERS CLYDE N/A-N/A 175.00-188.50 153.00-166.50 PONOKA 173.00-185.00 175.00-212.00 145.00-165.00 STRATHMOR N/A-N/A 165.00-198.00 135.00-164.00 ONTARIO N/A-N/A 135.00-179.00 122.00-157.00 700-800 LB FEEDER HEIFERS CLYDE N/A-N/A 135.00-143.00 110.00-125.00 PONOKA 129.00-142.00 129.00-137.00 118.00-125.00 STRATHMOR N/A-N/A 130.00-152.00 110.00-134.00 500-600 LB FEEDER HEIFERS CLYDE N/A-N/A 155.00-167.25 130.00-144.00 PONOKA 150.00-163.00 150.00-166.00 132.00-142.00 STRATHMOR N/A-N/A 140.00-170.00 120.00-145.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Mar16/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 15,074 6,833 15,686 EAST 0 2,815 33 6,007 WEST 0 12,259 6,800 9,679 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Mar30/12 Mar23/12 Apr01/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 190.49 181.27 CDA CUTOUT AA/A N/A 187.43 179.92 US BOXED BEEF CUTOUT - US $/CWT WEEK END Mar30/12 Mar23/12 Apr01/11 CHOICE 6-900 184.65 189.62 188.06 SELECT 6-900 184.35 188.11 185.14 HOG SLAUGHTER WEEK END Mar24/12(prel) Mar17/12(prel) Mar26/11 CANADA 410,107 412,524 407,524 EAST 239,801 242,756 242,336 WEST 170,306 169,768 165,188 AB/BC** 57,587 55,202 57,914 WEEK END Mar31/12(est) Mar24/12(est) Apr02/11 US 2,113,000 2,132,000 2,117,400 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Mar29/12 Mar22/12 Mar31/11 ALTA AVG 1.486 1.536 1.477 ONT AVG N/A 1.805 1.756 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Mar30/12 Mar23/12 Apr01/11 US $/CWT 80.75 82.73 89.06 CAN EQVT $/KG 1.539 1.575 1.636 US PORK CARCASS CUTOUT US $/CWT 79.97 80.50 94.35 HOG FUTURES - US$/CWT CAN/US$ CLOSE Mar30/2012 MTH LEAN CHG MTH FUTURES CHG APR 83.42 -1.60 JUN 1.0010 +0.0013 MAY 91.92 -1.83 SEP .9990 +0.0013 JUN 90.40 -1.82 DEC .9969 +0.0014 JUL 91.65 -0.85 MAR .9946 +0.0013 AUG 91.85 -1.65 JUN .9921 +0.0010 OCT 82.90 -2.05 SEP .9898 +0.0009 HOG INDICATORS WEEK END Mar24/12 Mar17/12 Mar26/11 AV DRSD WT US-LBS 209.0 209.0 209.0 FD:HOG RATIO Mar23/12Mar16/12Mar25/11 US CORN 12.8 12.8 12.1 Mar23/12 Mar16/12 Mar25/11 ALTA BARLEY 10.9 11.0 12.1 SHEEP AND LAMB PRICES - Most Recent Sale to Mar29/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 201.57-219.08 237.23-328.85 N/A TEXAS (US$) N/A N/A 89.00$/CWT MARKET LAMB PRICES - Most Recent Sale to Mar22/2012 CENTRAL ALTA 178.08-183.84 (INNISFAIL)