CAN/US $ Jun01 96.34 May25 97.23 Jun03/11 102.35 BANK RATE % May29 1.25 May22 1.25 May31/11 1.25 CATTLE SLAUGHTER WEEK END May26/12(prel) May19/12(prel) May28/11 CANADA 52,368 55,245 48,859 EAST 11,554 13,866 11,875 WEST 40,814 41,379 36,984 WEEK END Jun02/12(est) May26/12(est) Jun04/11 US 596,000 636,000 611,300 CANADIAN CATTLE GRADES WEEK END May26/12 May19/12 May28/11 A 43,540 46,236 41,654 B 492 692 395 D 5,296 5,194 2,378 E 303 298 308 A GRADE MARBLING (%) WEEK END May26/12 May19/12 May28/11 A 2.3% 1.9% 3.6% AA 42.9% 38.7% 45.0% AAA 54.8% 59.3% 51.4% CANADIAN CATTLE CLASSES WEEK END May26/12(prel) May19/12(prel) May28/11 STEERS 28,943 26,240 28,017 HEIFERS 15,765 21,344 14,609 COWS 7,324 7,313 5,867 BULLS 336 348 366 CALVES 3,908 4,675 4,191 CATTLE FUTURES - US $/CWT - CLOSE Jun01/2012 MTH LIVE CHG MTH FEEDER CHG JUN 117.70 +0.05 AUG 157.38 -1.13 AUG 119.60 +0.50 SEP 158.68 -0.80 OCT 123.95 +0.45 OCT 159.75 -1.00 DEC 127.30 +0.50 NOV 160.97 -0.58 FEB 129.30 +0.73 JAN 160.80 -0.65 APR 130.90 +0.50 MAR 161.00 -2.00 WEEK END Jun01/12 May25/12 Jun03/11 US FSP - US$/CWT 152.30 152.33 124.33 CATTLE INDICATORS BY PROD VAL May25/12 May18/12 May27/11 EAST-$/HEAD N/A N/A 111.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 13.26 13.61 13.61 CURRENTNESS May26/12 May19/12 May28/11 WEST-A1% 51.2% 47.1% 56.7% CAN-A1% 53.4% 49.8% 58.1% FD:STR RATIO May25/12 May18/12 May27/11 ALTA BARLEY 20.7 20.5 21.8 May26/12 May19/12 May28/11 US CORN 20.1 18.3 14.2 AVG CARCASS WT May26/12 May19/12 May28/11 WEST STR-LBS 841.0 841.0 818.0 CAN STR-LBS 850.0 853.0 827.0 US CATTLE-LBS 776.0 776.0 759.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Jun01/12 May25/12 Jun03/11 ALBERTA RAILGRADE SALES STR-LOW 189.50 188.00 166.50 STR-HIGH 190.85 190.85 166.85 HFR-LOW 190.75 188.00 166.75 HFR-HIGH 190.75 190.85 166.75 ALBERTA DIRECT SALES STR-RANGE 111.85-113.50 112.35-114.00 96.70-99.50 AVERAGE N/A 113.09 98.13 VOLUME N/A 14,029 14,619 HFR-RANGE 113.00-113.25 114.00-114.00 97.05-97.05 AVERAGE N/A 112.46 97.44 VOLUME N/A 6,618 6,524 OPEN MARKET - $/CWT Jun01/12 May25/12 Jun03/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 110.52-124.39 94.78-107.73 NEBRASKA* 121.00-122.00 121.00-123.00 104.00-107.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 109.12-121.62 94.33-107.86 NEBRASKA* 121.00-122.00 121.00-123.00 104.00-107.00 COWS - D1,2 CLYDE 70.00-88.00 70.00-80.00 70.00-76.00 SIOUX F* 85.25 88.13 80.00 800-900 LB FEEDER STEERS CLYDE 130.00-148.25 130.00-146.25 114.00-118.50 PONOKA 130.00-144.00 128.00-141.75 106.00-120.00 STRATHMOR 122.00-144.00 N/A-N/A 110.00-122.00 ONTARIO N/A-N/A 131.00-151.00 115.00-127.00 700-800 LB FEEDER STEERS CLYDE 155.00-169.75 142.00-155.75 125.00-136.50 PONOKA 145.00-160.00 142.00-164.00 120.00-128.00 STRATHMOR 126.00-154.00 N/A-N/A 110.00-128.00 C.NEBRAS* N/A-N/A 152.35-163.00 122.85-128.50 600-700 LB FEEDER STEERS CLYDE 160.00-179.75 155.00-170.75 142.00-151.50 PONOKA 155.00-175.00 164.00-176.00 140.00-151.00 STRATHMOR 135.00-178.00 N/A-N/A 130.00-144.00 500-600 LB FEEDER STEERS CLYDE 170.00-184.50 165.00-180.50 147.00-156.75 PONOKA 165.00-180.00 170.00-183.00 148.00-156.00 STRATHMOR 150.00-203.00 N/A-N/A 130.00-155.00 ONTARIO N/A-N/A 147.00-184.00 120.00-146.00 700-800 LB FEEDER HEIFERS CLYDE 120.00-145.75 120.00-140.00 115.00-120.00 PONOKA 135.00-148.00 130.00-140.00 110.00-122.00 STRATHMOR 124.00-142.00 N/A-N/A 110.00-123.00 500-600 LB FEEDER HEIFERS CLYDE 160.00-187.50 150.00-160.00 130.00-140.00 PONOKA 145.00-168.00 145.00-159.00 131.00-145.00 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 May18/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 11,285 5,747 16,191 EAST 0 2,239 35 7,620 WEST 0 9,046 5,712 8,571 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Jun01/12 May25/12 Jun03/11 CALGARY-STRS N/A-N/A N/A-N/A N/A-N/A CDA CUTOUT AAA N/A N/A 166.16 CDA CUTOUT AA/A N/A N/A 162.44 US BOXED BEEF CUTOUT - US $/CWT WEEK END Jun01/12 May25/12 Jun03/11 CHOICE 6-900 196.83 194.88 177.74 SELECT 6-900 186.93 186.69 172.41 HOG SLAUGHTER WEEK END May26/12(prel) May19/12(prel) May28/11 CANADA 340,623 404,992 344,289 EAST 196,954 239,154 201,304 WEST 143,669 165,838 142,985 AB/BC** 47,887 58,090 51,569 WEEK END Jun02/12(est) May26/12(est) Jun04/11 US 1,822,000 2,069,000 1,744,200 HOG CASH PRICES - INDEX 100 - $/KG WEEK END May31/12 May24/12 Jun02/11 ALTA AVG 1.524 1.540 1.557 ONT AVG N/A 1.766 1.882 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Jun01/12 May25/12 Jun03/11 US $/CWT 85.98 82.68 88.31 CAN EQVT $/KG 1.703 1.622 1.646 US PORK CARCASS CUTOUT US $/CWT 82.39 79.22 89.07 HOG FUTURES - US$/CWT CAN/US$ CLOSE Jun01/2012 MTH LEAN CHG MTH FUTURES CHG JUN 90.72 +5.52 JUN .9613 -0.0096 JUL 91.58 +5.00 SEP .9596 -0.0094 AUG 91.30 +4.67 DEC .9586 -0.0086 OCT 82.95 +3.08 MAR .9577 -0.0080 DEC 80.00 +2.13 JUN .9567 -0.0070 FEB 81.60 +1.57 SEP .9552 -0.0069 HOG INDICATORS WEEK END May26/12 May19/12 May28/11 AV DRSD WT US-LBS 209.0 209.0 207.0 FD:HOG RATIO May25/12May18/12May27/11 US CORN 13.4 12.9 12.2 May25/12 May18/12 May27/11 ALTA BARLEY 10.2 9.5 12.7 SHEEP AND LAMB PRICES - Most Recent Sale to May31/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 203.73-227.76 211.53-255.50 N/A TEXAS (US$) N/A 151.00 58.50$/CWT MARKET LAMB PRICES - Most Recent Sale to May24/2012 CENTRAL ALTA 161.28-168.48 (INNISFAIL)