CAN/US $ May18 97.94 May11 100.32 May20/11 102.72 BANK RATE % May15 1.25 May08 1.25 May17/11 1.25 CATTLE SLAUGHTER WEEK END May12/12(prel) May05/12(prel) May14/11 CANADA 56,001 60,517 55,921 EAST 14,174 14,250 14,183 WEST 41,827 46,267 41,738 WEEK END May19/12(est) May12/12(est) May21/11 US 641,000 639,000 661,700 CANADIAN CATTLE GRADES WEEK END May12/12 May05/12 May14/11 A 46,149 50,849 47,277 B 742 587 392 D 5,653 5,420 3,052 E 335 273 261 A GRADE MARBLING (%) WEEK END May12/12 May05/12 May14/11 A 1.8% 1.7% 2.7% AA 36.2% 35.6% 44.8% AAA 62.0% 62.7% 52.5% CANADIAN CATTLE CLASSES WEEK END May12/12(prel) May05/12(prel) May14/11 STEERS 27,765 29,470 29,882 HEIFERS 19,804 22,789 18,724 COWS 8,060 7,928 6,975 BULLS 372 330 340 CALVES 4,551 4,777 4,485 CATTLE FUTURES - US $/CWT - CLOSE May18/2012 MTH LIVE CHG MTH FEEDER CHG JUN 119.53 +4.38 MAY 151.30 +1.60 AUG 121.93 +4.22 AUG 160.70 +3.22 OCT 126.30 +3.70 SEP 161.72 +3.10 DEC 128.60 +3.10 OCT 162.88 +2.88 FEB 130.03 +2.93 NOV 163.47 +2.90 APR 131.60 +2.80 JAN 163.35 +2.15 WEEK END May18/12 May11/12 May20/11 US FSP - US$/CWT 148.38 148.71 128.02 CATTLE INDICATORS BY PROD VAL May11/12 May04/12 May13/11 EAST-$/HEAD N/A N/A 110.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 13.78 13.78 13.56 CURRENTNESS May12/12 May05/12 May14/11 WEST-A1% 45.1% 48.5% 58.9% CAN-A1% 47.7% 50.8% 59.9% FD:STR RATIO May11/12 May04/12 May13/11 ALTA BARLEY 20.1 19.2 22.8 May12/12 May05/12 May14/11 US CORN 20.6 18.9 16.8 AVG CARCASS WT May12/12 May05/12 May14/11 WEST STR-LBS 857.0 852.0 812.0 CAN STR-LBS 867.0 865.0 830.0 US CATTLE-LBS 777.0 780.0 758.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END May18/12 May11/12 May20/11 ALBERTA RAILGRADE SALES STR-LOW 186.50 185.00 170.00 STR-HIGH 187.85 188.00 172.85 HFR-LOW 187.00 185.00 170.00 HFR-HIGH 187.85 186.75 172.75 ALBERTA DIRECT SALES STR-RANGE 111.85-113.00 110.50-113.25 101.50-102.50 AVERAGE N/A 111.59 101.59 VOLUME N/A 16,985 15,607 HFR-RANGE 112.00-112.00 111.00-113.25 102.50-102.75 AVERAGE N/A 110.85 100.90 VOLUME N/A 8,774 6,453 OPEN MARKET - $/CWT May18/12 May11/12 May20/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 108.79-121.79 96.50-111.65 NEBRASKA* N/A-N/A 120.50-122.00 106.75-109.50 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 104.29-115.47 100.85-112.15 NEBRASKA* N/A-N/A 120.50-122.00 108.00-112.00 COWS - D1,2 CLYDE 70.00-81.00 65.00-79.00 70.00-81.00 SIOUX F* N/A 84.00 79.00 800-900 LB FEEDER STEERS CLYDE 130.00-144.25 130.00-142.75 114.00-122.50 PONOKA 128.00-141.50 131.00-139.00 110.00-122.25 STRATHMOR 122.00-138.00 N/A-N/A 110.00-124.00 ONTARIO N/A-N/A 123.00-140.00 111.00-128.00 700-800 LB FEEDER STEERS CLYDE 142.00-156.75 142.00-152.50 125.00-133.00 PONOKA 142.00-157.00 138.00-152.50 118.00-130.00 STRATHMOR 126.00-152.00 N/A-N/A 120.00-135.00 C.NEBRAS* N/A-N/A 146.00-159.50 120.25-135.00 600-700 LB FEEDER STEERS CLYDE 155.00-164.75 160.00-169.75 145.00-151.50 PONOKA 150.00-167.00 161.00-171.00 145.00-156.00 STRATHMOR 135.00-178.00 N/A-N/A 130.00-150.00 500-600 LB FEEDER STEERS CLYDE 165.00-174.50 165.00-175.50 153.00-165.00 PONOKA 165.00-180.00 170.00-176.50 150.00-158.00 STRATHMOR 150.00-176.00 N/A-N/A 130.00-158.00 ONTARIO N/A-N/A 141.00-181.00 121.00-149.00 700-800 LB FEEDER HEIFERS CLYDE 120.00-136.00 120.00-133.00 115.00-130.00 PONOKA 131.00-136.00 133.00-141.00 108.00-123.00 STRATHMOR 124.00-142.00 N/A-N/A 110.00-128.00 500-600 LB FEEDER HEIFERS CLYDE 150.00-157.00 150.00-157.00 130.00-139.00 PONOKA 148.00-162.50 154.00-167.00 128.00-135.00 STRATHMOR 140.00-162.00 N/A-N/A 115.00-140.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING May04/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 10,508 4,503 14,893 EAST 0 2,407 34 5,628 WEST 0 8,101 4,469 9,265 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING May18/12 May11/12 May20/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A 187.54 168.70 CDA CUTOUT AA/A N/A 188.14 165.20 US BOXED BEEF CUTOUT - US $/CWT WEEK END May18/12 May11/12 May20/11 CHOICE 6-900 191.45 190.37 176.83 SELECT 6-900 186.05 184.71 172.12 HOG SLAUGHTER WEEK END May12/12(prel) May05/12(prel) May14/11 CANADA 403,488 394,960 385,539 EAST 237,158 232,810 223,533 WEST 166,330 162,149 162,006 AB/BC** 56,558 55,764 57,347 WEEK END May19/12(est) May12/12(est) May21/11 US 2,116,000 2,089,000 2,031,500 HOG CASH PRICES - INDEX 100 - $/KG WEEK END May17/12 May10/12 May19/11 ALTA AVG 1.436 1.392 1.575 ONT AVG N/A 1.665 1.864 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END May18/12 May11/12 May20/11 US $/CWT 84.52 78.26 96.70 CAN EQVT $/KG 1.646 1.488 1.796 US PORK CARCASS CUTOUT US $/CWT 81.48 79.23 97.01 HOG FUTURES - US$/CWT CAN/US$ CLOSE May18/2012 MTH LEAN CHG MTH FUTURES CHG JUN 87.42 +2.13 JUN .9784 -0.0206 JUL 88.58 +3.42 SEP .9764 -0.0205 AUG 88.90 +3.25 DEC .9745 -0.0202 OCT 81.40 +2.25 MAR .9724 -0.0198 DEC 79.17 +2.60 JUN .9704 -0.0194 FEB 80.90 +2.83 SEP .9684 -0.0184 HOG INDICATORS WEEK END May12/12 May05/12 May14/11 AV DRSD WT US-LBS 209.0 209.0 208.0 FD:HOG RATIO May11/12May04/12May13/11 US CORN 12.8 12.1 13.4 May11/12 May04/12 May13/11 ALTA BARLEY 9.1 9.0 12.2 SHEEP AND LAMB PRICES - Most Recent Sale to May17/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 219.11-237.70 224.70-284.48 N/A TEXAS (US$) N/A 150.00 58.50$/CWT MARKET LAMB PRICES - Most Recent Sale to May10/2012 CENTRAL ALTA 168.48-168.48 (INNISFAIL)