CAN/US $ May11 100.32 May04 100.44 May13/11 103.00 BANK RATE % May08 1.25 May01 1.25 May10/11 1.25 CATTLE SLAUGHTER WEEK END May05/12(prel) Apr28/12(prel) May07/11 CANADA 60,517 55,999 62,161 EAST 14,250 14,264 14,551 WEST 46,267 41,735 47,610 WEEK END May12/12(est) May05/12(est) May14/11 US 639,000 623,000 650,200 CANADIAN CATTLE GRADES WEEK END May05/12 Apr28/12 May07/11 A 50,849 46,675 51,701 B 587 803 465 D 5,420 4,885 4,069 E 273 263 419 A GRADE MARBLING (%) WEEK END May05/12 Apr28/12 May07/11 A 1.7% 1.7% 2.8% AA 35.6% 34.0% 43.6% AAA 62.7% 64.2% 53.6% CANADIAN CATTLE CLASSES WEEK END May05/12(prel) Apr28/12(prel) May07/11 STEERS 29,470 24,933 32,867 HEIFERS 22,789 23,293 20,415 COWS 7,928 7,427 8,360 BULLS 330 346 519 CALVES 4,777 4,704 4,825 CATTLE FUTURES - US $/CWT - CLOSE May11/2012 MTH LIVE CHG MTH FEEDER CHG JUN 115.15 -0.22 MAY 149.70 -2.85 AUG 117.70 -0.80 AUG 157.47 -0.63 OCT 122.60 -1.20 SEP 158.63 -0.60 DEC 125.50 -1.65 OCT 160.00 -0.18 FEB 127.10 -1.63 NOV 160.57 -0.43 APR 128.80 -1.32 JAN 161.20 +0.50 WEEK END May11/12 May04/12 May13/11 US FSP - US$/CWT 148.71 147.85 129.35 CATTLE INDICATORS BY PROD VAL May04/12 Apr27/12 May06/11 EAST-$/HEAD N/A N/A 110.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 13.78 13.63 13.59 CURRENTNESS May05/12 Apr28/12 May07/11 WEST-A1% 48.5% 47.8% 56.1% CAN-A1% 50.8% 50.1% 57.6% FD:STR RATIO May04/12 Apr27/12 May06/11 ALTA BARLEY 19.2 20.0 22.9 May05/12 Apr28/12 May07/11 US CORN 18.9 19.0 16.4 AVG CARCASS WT May05/12 Apr28/12 May07/11 WEST STR-LBS 852.0 849.0 807.0 CAN STR-LBS 865.0 865.0 827.0 US CATTLE-LBS 780.0 781.0 760.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END May11/12 May04/12 May13/11 ALBERTA RAILGRADE SALES STR-LOW 185.00 180.00 172.50 STR-HIGH 188.00 182.50 176.75 HFR-LOW 185.00 181.75 172.50 HFR-HIGH 186.75 181.75 177.50 ALBERTA DIRECT SALES STR-RANGE 110.50-113.25 107.25-110.25 102.50-104.00 AVERAGE N/A 109.29 103.69 VOLUME N/A 10,166 11,348 HFR-RANGE 111.00-113.25 109.00-110.25 103.25-103.25 AVERAGE N/A 109.55 103.26 VOLUME N/A 3,924 5,715 OPEN MARKET - $/CWT May11/12 May04/12 May13/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 103.21-116.25 100.82-111.46 NEBRASKA* N/A-N/A 120.00-123.00 113.00-115.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 100.42-114.18 101.31-112.89 NEBRASKA* N/A-N/A 120.00-123.00 112.00-114.50 COWS - D1,2 CLYDE 65.00-79.00 65.00-77.00 70.00-78.00 SIOUX F* 84.00 83.38 87.00 800-900 LB FEEDER STEERS CLYDE 130.00-142.75 130.00-143.75 110.00-118.00 PONOKA 131.00-139.00 128.00-139.00 110.00-125.00 STRATHMOR N/A-N/A N/A-N/A 110.00-124.00 ONTARIO N/A-N/A 133.00-147.00 106.00-122.00 700-800 LB FEEDER STEERS CLYDE 142.00-152.50 142.00-155.25 125.00-136.00 PONOKA 138.00-152.50 140.00-158.00 125.00-140.00 STRATHMOR N/A-N/A N/A-N/A 120.00-135.00 C.NEBRAS* N/A-N/A 148.50-160.25 132.75-138.00 600-700 LB FEEDER STEERS CLYDE 160.00-169.75 160.00-173.25 145.00-154.50 PONOKA 161.00-171.00 155.00-170.00 135.00-155.00 STRATHMOR N/A-N/A N/A-N/A 130.00-152.00 500-600 LB FEEDER STEERS CLYDE 165.00-175.50 170.00-180.50 153.00-165.00 PONOKA 170.00-176.50 165.00-180.00 145.00-160.00 STRATHMOR N/A-N/A N/A-N/A 135.00-158.00 ONTARIO N/A-N/A 130.00-184.00 125.00-156.00 700-800 LB FEEDER HEIFERS CLYDE 120.00-133.00 130.00-140.00 110.00-130.50 PONOKA 133.00-141.00 127.00-140.00 112.00-120.00 STRATHMOR N/A-N/A N/A-N/A 110.00-128.00 500-600 LB FEEDER HEIFERS CLYDE 150.00-157.00 150.00-159.00 130.00-140.00 PONOKA 154.00-167.00 145.00-160.00 130.00-140.00 STRATHMOR N/A-N/A N/A-N/A 120.00-142.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Apr27/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 12,742 3,699 16,740 EAST 0 2,477 33 6,723 WEST 0 10,265 3,666 10,017 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING May11/12 May04/12 May13/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 185.61 169.23 CDA CUTOUT AA/A N/A 184.41 167.71 US BOXED BEEF CUTOUT - US $/CWT WEEK END May11/12 May04/12 May13/11 CHOICE 6-900 190.37 190.66 176.54 SELECT 6-900 184.71 186.37 170.80 HOG SLAUGHTER WEEK END May05/12(prel) Apr28/12(prel) May07/11 CANADA 394,054 402,658 404,952 EAST 231,905 239,100 238,177 WEST 162,149 163,558 166,775 AB/BC** 55,764 53,531 59,341 WEEK END May12/12(est) May05/12(est) May14/11 US 2,089,000 2,069,000 1,980,500 HOG CASH PRICES - INDEX 100 - $/KG WEEK END May10/12 May03/12 May12/11 ALTA AVG 1.387 1.407 1.531 ONT AVG N/A 1.685 1.828 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END May11/12 May04/12 May13/11 US $/CWT 78.26 76.59 92.29 CAN EQVT $/KG 1.488 1.455 1.709 US PORK CARCASS CUTOUT US $/CWT 80.55 78.22 93.08 HOG FUTURES - US$/CWT CAN/US$ CLOSE May11/2012 MTH LEAN CHG MTH FUTURES CHG MAY 79.53 -0.27 JUN .9990 -0.0048 JUN 85.30 +1.58 SEP .9969 -0.0046 JUL 85.15 -0.20 DEC .9947 -0.0042 AUG 85.65 -0.45 MAR .9922 -0.0040 OCT 79.15 -0.63 JUN .9898 -0.0035 DEC 76.58 -1.52 SEP .9868 -0.0043 HOG INDICATORS WEEK END May05/12 Apr28/12 May07/11 AV DRSD WT US-LBS 209.0 209.0 208.0 FD:HOG RATIO May04/12Apr27/12May06/11 US CORN 12.1 12.6 12.8 May04/12 Apr27/12 May06/11 ALTA BARLEY 9.0 9.5 12.1 SHEEP AND LAMB PRICES - Most Recent Sale to May10/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO N/A- N/A N/A- N/A N/A TEXAS (US$) N/A N/A 56.50$/CWT MARKET LAMB PRICES - Most Recent Sale to May03/2012 CENTRAL ALTA 175.68-176.16 (INNISFAIL)