CAN/US $ Jun15 97.62 Jun08 96.79 Jun17/11 102.07 BANK RATE % Jun12 1.25 Jun05 1.25 Jun14/11 1.25 CATTLE SLAUGHTER WEEK END Jun09/12(prel) Jun02/12(prel) Jun11/11 CANADA 56,597 53,057 61,929 EAST 12,276 11,954 12,709 WEST 44,321 41,103 49,220 WEEK END Jun16/12(est) Jun09/12(est) Jun18/11 US 653,000 655,000 685,900 CANADIAN CATTLE GRADES WEEK END Jun09/12 Jun02/12 Jun11/11 A 48,491 45,272 50,736 B 823 816 775 D 5,823 5,502 4,554 E 268 254 499 A GRADE MARBLING (%) WEEK END Jun09/12 Jun02/12 Jun11/11 A 2.0% 2.1% 4.1% AA 42.3% 41.4% 44.6% AAA 55.7% 56.5% 51.3% CANADIAN CATTLE CLASSES WEEK END Jun09/12(prel) Jun02/12(prel) Jun11/11 STEERS 31,197 30,319 32,512 HEIFERS 18,684 16,203 19,865 COWS 6,479 6,298 9,029 BULLS 237 237 523 CALVES 4,489 4,488 4,955 CATTLE FUTURES - US $/CWT - CLOSE Jun15/2012 MTH LIVE CHG MTH FEEDER CHG JUN 116.15 -3.72 AUG 156.03 -3.35 AUG 116.65 -4.17 SEP 157.43 -3.10 OCT 121.13 -4.13 OCT 158.47 -2.97 DEC 124.20 -4.42 NOV 159.32 -3.18 FEB 126.60 -4.08 JAN 158.93 -3.35 APR 128.35 -3.95 MAR 159.50 -3.00 WEEK END Jun15/12 Jun08/12 Jun17/11 US FSP - US$/CWT 153.89 155.14 124.58 CATTLE INDICATORS BY PROD VAL Jun08/12 Jun01/12 Jun10/11 EAST-$/HEAD N/A N/A 110.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 13.05 13.16 13.58 CURRENTNESS Jun09/12 Jun02/12 Jun11/11 WEST-A1% 50.9% 46.5% 58.1% CAN-A1% 53.2% 50.0% 58.9% FD:STR RATIO Jun08/12 Jun01/12 Jun10/11 ALTA BARLEY 21.6 20.9 21.3 Jun09/12 Jun02/12 Jun11/11 US CORN 19.4 20.6 13.9 AVG CARCASS WT Jun09/12 Jun02/12 Jun11/11 WEST STR-LBS 846.0 852.0 802.0 CAN STR-LBS 853.0 859.0 812.0 US CATTLE-LBS 780.0 778.0 761.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Jun15/12 Jun08/12 Jun17/11 ALBERTA RAILGRADE SALES STR-LOW 187.00 191.50 164.50 STR-HIGH 190.00 192.75 167.75 HFR-LOW 187.00 191.00 164.00 HFR-HIGH 189.85 192.75 166.85 ALBERTA DIRECT SALES STR-RANGE 110.80-113.00 113.60-115.25 96.60-100.00 AVERAGE N/A 114.71 98.15 VOLUME N/A 10,651 19,097 HFR-RANGE N/A-N/A 115.25-115.25 96.00-100.00 AVERAGE N/A 113.75 97.17 VOLUME N/A 9,206 8,657 OPEN MARKET - $/CWT Jun15/12 Jun08/12 Jun17/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 109.75-122.09 98.15-112.09 NEBRASKA* 118.00-120.00 123.00-124.00 108.00-112.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 108.91-120.26 96.79-109.70 NEBRASKA* 118.00-120.00 122.50-124.00 109.00-112.00 COWS - D1,2 CLYDE 70.00-88.00 70.00-85.00 60.00-75.00 SIOUX F* 79.56 81.25 77.50 800-900 LB FEEDER STEERS CLYDE 130.00-150.25 130.00-150.25 110.00-115.00 PONOKA 135.00-146.00 132.00-148.50 116.00-125.00 STRATHMOR 125.00-152.00 122.00-144.00 110.00-122.00 ONTARIO N/A-N/A 133.00-151.00 114.00-126.00 700-800 LB FEEDER STEERS CLYDE 155.00-166.75 155.00-167.75 123.00-135.00 PONOKA 147.00-159.00 149.00-158.00 120.00-132.00 STRATHMOR 132.00-159.00 126.00-154.00 110.00-128.00 C.NEBRAS* N/A-N/A 154.25-167.10 134.00-138.50 600-700 LB FEEDER STEERS CLYDE 160.00-181.75 160.00-180.75 135.00-146.00 PONOKA 160.00-182.00 158.00-166.00 137.00-146.00 STRATHMOR 135.00-178.00 135.00-178.00 130.00-148.00 500-600 LB FEEDER STEERS CLYDE 170.00-188.50 170.00-192.50 145.00-157.75 PONOKA 175.00-193.00 170.00-185.00 148.00-156.00 STRATHMOR 150.00-188.00 150.00-203.00 130.00-155.00 ONTARIO N/A-N/A 146.00-187.00 118.00-148.00 700-800 LB FEEDER HEIFERS CLYDE 120.00-148.75 120.00-144.75 110.00-116.00 PONOKA 140.00-150.00 142.00-149.00 115.00-122.00 STRATHMOR 124.00-142.00 124.00-142.00 108.00-120.00 500-600 LB FEEDER HEIFERS CLYDE 160.00-176.50 160.00-175.50 127.00-136.00 PONOKA 152.00-167.00 152.00-166.00 120.00-135.00 STRATHMOR 140.00-172.00 140.00-162.00 115.00-140.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Jun01/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 8,950 3,653 14,776 EAST 0 2,936 33 5,671 WEST 0 6,014 3,620 9,105 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Jun15/12 Jun08/12 Jun17/11 CDA CUTOUT AAA N/A 198.08 166.06 CDA CUTOUT AA/A N/A 193.04 162.64 US BOXED BEEF CUTOUT - US $/CWT WEEK END Jun15/12 Jun08/12 Jun17/11 CHOICE 6-900 197.82 197.10 172.57 SELECT 6-900 182.20 184.47 166.76 HOG SLAUGHTER WEEK END Jun09/12(prel) Jun02/12(prel) Jun11/11 CANADA 384,237 402,819 400,636 EAST 221,238 236,254 232,623 WEST 162,999 166,565 168,013 AB/BC** 55,576 56,588 57,767 WEEK END Jun16/12(est) Jun09/12(est) Jun18/11 US 1,957,000 2,004,000 1,977,000 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Jun14/12 Jun07/12 Jun16/11 ALTA AVG N/A 1.620 1.553 ONT AVG N/A 1.821 1.840 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Jun15/12 Jun08/12 Jun17/11 US $/CWT 100.09 88.53 95.33 CAN EQVT $/KG 1.956 1.745 1.782 US PORK CARCASS CUTOUT US $/CWT 94.12 83.81 93.03 HOG FUTURES - US$/CWT CAN/US$ CLOSE Jun15/2012 MTH LEAN CHG MTH FUTURES CHG JUL 93.03 +0.10 JUN .9772 +0.0057 AUG 91.20 -1.25 SEP .9754 +0.0057 OCT 81.05 -1.90 DEC .9739 +0.0057 DEC 77.85 -2.08 MAR .9725 +0.0057 FEB 80.00 -2.13 JUN .9711 +0.0061 APR 82.40 -0.90 SEP .9693 +0.0061 HOG INDICATORS WEEK END Jun09/12 Jun02/12 Jun11/11 AV DRSD WT US-LBS 208.0 208.0 207.0 FD:HOG RATIO Jun08/12Jun01/12Jun10/11 US CORN 14.6 14.3 11.7 Jun08/12 Jun01/12 Jun10/11 ALTA BARLEY 11.1 10.2 12.1 SHEEP AND LAMB PRICES - Most Recent Sale to Jun14/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 172.50-192.81 183.88-246.76 N/A TEXAS (US$) N/A N/A 47.00$/CWT MARKET LAMB PRICES - Most Recent Sale to Jun07/2012 CENTRAL ALTA 148.80-153.60 (INNISFAIL)