CAN/US $ Jun08 96.79 Jun01 96.34 Jun10/11 102.38 BANK RATE % Jun05 1.25 May29 1.25 Jun07/11 1.25 CATTLE SLAUGHTER WEEK END Jun02/12(prel) May26/12(prel) Jun04/11 CANADA 53,057 52,368 55,211 EAST 11,954 11,554 13,274 WEST 41,103 40,814 41,937 WEEK END Jun09/12(est) Jun02/12(est) Jun11/11 US 652,000 596,000 680,800 CANADIAN CATTLE GRADES WEEK END Jun02/12 May26/12 Jun04/11 A 45,272 43,540 46,323 B 816 492 539 D 5,502 5,296 3,120 E 254 303 324 A GRADE MARBLING (%) WEEK END Jun02/12 May26/12 Jun04/11 A 2.1% 2.3% 3.6% AA 41.4% 42.9% 47.2% AAA 56.5% 54.8% 49.2% CANADIAN CATTLE CLASSES WEEK END Jun02/12(prel) May26/12(prel) Jun04/11 STEERS 30,319 28,943 32,133 HEIFERS 16,203 15,765 15,223 COWS 6,298 7,324 7,463 BULLS 237 336 392 CALVES 4,488 3,908 4,751 CATTLE FUTURES - US $/CWT - CLOSE Jun08/2012 MTH LIVE CHG MTH FEEDER CHG JUN 119.88 +2.17 AUG 159.38 +2.00 AUG 120.83 +1.23 SEP 160.53 +1.85 OCT 125.25 +1.30 OCT 161.45 +1.70 DEC 128.63 +1.33 NOV 162.50 +1.53 FEB 130.68 +1.38 JAN 162.28 +1.47 APR 132.30 +1.40 MAR 162.50 +1.50 WEEK END Jun08/12 Jun01/12 Jun10/11 US FSP - US$/CWT 155.14 152.30 124.89 CATTLE INDICATORS BY PROD VAL Jun01/12 May25/12 Jun03/11 EAST-$/HEAD N/A N/A 111.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 13.16 13.26 13.48 CURRENTNESS Jun02/12 May26/12 Jun04/11 WEST-A1% 46.5% 51.2% 59.3% CAN-A1% 50.0% 53.4% 60.2% FD:STR RATIO Jun01/12 May25/12 Jun03/11 ALTA BARLEY 20.9 20.7 21.3 Jun02/12 May26/12 Jun04/11 US CORN 20.6 20.1 13.9 AVG CARCASS WT Jun02/12 May26/12 Jun04/11 WEST STR-LBS 852.0 841.0 799.0 CAN STR-LBS 859.0 850.0 809.0 US CATTLE-LBS 778.0 776.0 760.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Jun08/12 Jun01/12 Jun10/11 ALBERTA RAILGRADE SALES STR-LOW 191.50 189.50 165.00 STR-HIGH 192.75 190.85 166.85 HFR-LOW 191.00 190.75 165.00 HFR-HIGH 192.75 190.75 167.05 ALBERTA DIRECT SALES STR-RANGE 113.60-115.25 111.85-113.50 98.30-99.50 AVERAGE N/A 113.18 98.31 VOLUME N/A 12,467 13,033 HFR-RANGE 115.25-115.25 113.00-113.25 100.00-100.00 AVERAGE N/A 113.09 97.83 VOLUME N/A 4,540 9,834 OPEN MARKET - $/CWT Jun08/12 Jun01/12 Jun10/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 111.70-121.13 94.71-108.23 NEBRASKA* 123.00-124.00 121.00-122.50 107.00-108.50 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 106.82-120.15 93.54-108.63 NEBRASKA* 122.50-123.50 121.00-122.00 108.00-108.50 COWS - D1,2 CLYDE 70.00-85.00 70.00-88.00 60.00-75.00 SIOUX F* 81.25 85.25 79.50 800-900 LB FEEDER STEERS CLYDE 130.00-150.25 130.00-148.25 110.00-117.50 PONOKA 132.00-148.50 130.00-144.00 109.00-116.00 STRATHMOR N/A-N/A 122.00-144.00 110.00-122.00 ONTARIO N/A-N/A 135.00-148.00 104.00-121.00 700-800 LB FEEDER STEERS CLYDE 155.00-167.75 155.00-169.75 120.00-129.50 PONOKA 149.00-158.00 145.00-160.00 117.00-128.50 STRATHMOR N/A-N/A 126.00-154.00 110.00-128.00 C.NEBRAS* N/A-N/A 148.50-165.00 122.50-129.50 600-700 LB FEEDER STEERS CLYDE 160.00-180.75 160.00-179.75 140.00-146.75 PONOKA 158.00-166.00 155.00-175.00 130.00-146.00 STRATHMOR N/A-N/A 135.00-178.00 130.00-148.00 500-600 LB FEEDER STEERS CLYDE 170.00-192.50 170.00-184.50 147.00-153.75 PONOKA 170.00-185.00 165.00-180.00 140.00-146.00 STRATHMOR N/A-N/A 150.00-203.00 130.00-155.00 ONTARIO N/A-N/A 143.00-186.00 122.00-145.00 700-800 LB FEEDER HEIFERS CLYDE 120.00-144.75 120.00-145.75 115.00-120.00 PONOKA 142.00-149.00 135.00-148.00 115.00-130.00 STRATHMOR N/A-N/A 124.00-142.00 108.00-120.00 500-600 LB FEEDER HEIFERS CLYDE 160.00-175.50 160.00-187.50 130.00-138.00 PONOKA 152.00-166.00 145.00-168.00 130.00-137.00 STRATHMOR N/A-N/A 140.00-162.00 115.00-140.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING May25/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 10,378 3,343 15,695 EAST 0 2,176 34 5,707 WEST 0 8,202 3,309 9,988 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Jun08/12 Jun01/12 Jun10/11 CDA CUTOUT AAA N/A 193.50 165.36 CDA CUTOUT AA/A N/A 194.33 162.77 US BOXED BEEF CUTOUT - US $/CWT WEEK END Jun08/12 Jun01/12 Jun10/11 CHOICE 6-900 197.10 196.83 174.08 SELECT 6-900 184.47 186.93 168.04 HOG SLAUGHTER WEEK END Jun02/12(prel) May26/12(prel) Jun04/11 CANADA 402,809 340,633 400,629 EAST 236,254 196,954 237,562 WEST 166,555 143,679 163,067 AB/BC** 56,578 47,897 58,998 WEEK END Jun09/12(est) Jun02/12(est) Jun11/11 US 2,004,000 1,827,000 2,000,200 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Jun07/12 May31/12 Jun09/11 ALTA AVG 1.620 1.526 1.543 ONT AVG N/A 1.798 1.848 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Jun08/12 Jun01/12 Jun10/11 US $/CWT 88.53 85.98 91.41 CAN EQVT $/KG 1.745 1.703 1.703 US PORK CARCASS CUTOUT US $/CWT 84.80 80.99 89.19 HOG FUTURES - US$/CWT CAN/US$ CLOSE Jun08/2012 MTH LEAN CHG MTH FUTURES CHG JUN 93.03 +2.30 JUN .9715 +0.0102 JUL 92.92 +1.35 SEP .9697 +0.0101 AUG 92.45 +1.15 DEC .9682 +0.0096 OCT 82.95 +0.00 MAR .9668 +0.0091 DEC 79.92 -0.08 JUN .9650 +0.0083 FEB 82.13 +0.53 SEP .9632 +0.0080 HOG INDICATORS WEEK END Jun02/12 May26/12 Jun04/11 AV DRSD WT US-LBS 208.0 209.0 207.0 FD:HOG RATIO Jun01/12May25/12Jun03/11 US CORN 14.3 13.4 12.0 Jun01/12 May25/12 Jun03/11 ALTA BARLEY 10.2 10.2 12.2 SHEEP AND LAMB PRICES - Most Recent Sale to Jun07/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 190.55-203.46 190.76-265.20 N/A TEXAS (US$) N/A 151.00 48.00$/CWT MARKET LAMB PRICES - Most Recent Sale to May31/2012 CENTRAL ALTA 156.00-162.24 (INNISFAIL)