CAN/US $ Jul27 99.40 Jul20 98.87 Jul29/11 104.84 BANK RATE % Jul24 1.25 Jul17 1.25 Jul26/11 1.25 CATTLE SLAUGHTER WEEK END Jul21/12(prel) Jul14/12(prel) Jul23/11 CANADA 53,698 53,170 60,136 EAST 12,360 12,322 14,600 WEST 41,338 40,848 45,536 WEEK END Jul28/12(est) Jul21/12(est) Jul30/11 US 637,000 654,000 665,200 CANADIAN CATTLE GRADES WEEK END Jul21/12 Jul14/12 Jul23/11 A 45,750 44,544 50,429 B 705 859 829 D 5,847 6,367 3,793 E 413 356 507 A GRADE MARBLING (%) WEEK END Jul21/12 Jul14/12 Jul23/11 A 2.9% 2.7% 3.9% AA 46.9% 46.8% 50.5% AAA 50.2% 50.5% 45.6% CANADIAN CATTLE CLASSES WEEK END Jul21/12(prel) Jul14/12(prel) Jul23/11 STEERS 35,278 32,247 38,592 HEIFERS 11,658 13,720 13,285 COWS 6,380 6,868 7,717 BULLS 382 335 542 CALVES 4,486 4,711 4,404 CATTLE FUTURES - US $/CWT - CLOSE Jul27/2012 MTH LIVE CHG MTH FEEDER CHG AUG 119.60 +1.65 AUG 137.75 +1.65 OCT 125.28 +2.18 SEP 140.40 +1.88 DEC 128.43 +2.13 OCT 142.45 +1.95 FEB 131.80 +3.20 NOV 144.90 +2.63 APR 134.72 +2.82 JAN 147.88 +2.70 JUN 131.80 +2.20 MAR 149.50 +1.55 WEEK END Jul27/12 Jul20/12 Jul29/11 US FSP - US$/CWT 134.18 137.39 134.00 CATTLE INDICATORS BY PROD VAL Jul20/12 Jul13/12 Jul22/11 EAST-$/HEAD N/A N/A 112.00 WEST-$/HEAD N/A N/A N/A US-US$/CWT 13.28 13.17 13.68 CURRENTNESS Jul21/12 Jul14/12 Jul23/11 WEST-A1% 53.9% 55.0% 60.2% CAN-A1% 54.6% 58.1% 59.9% FD:STR RATIO Jul20/12 Jul13/12 Jul22/11 ALTA BARLEY 17.4 17.6 N/A Jul21/12 Jul14/12 Jul23/11 US CORN 13.9 15.4 15.1 AVG CARCASS WT Jul21/12 Jul14/12 Jul23/11 WEST STR-LBS 867.0 862.0 828.0 CAN STR-LBS 868.0 861.0 832.0 US CATTLE-LBS 793.0 791.0 775.0 CATTLE PRICES (CANFAX) - $/CWT WEEK END Jul27/12 Jul20/12 Jul29/11 ALBERTA RAILGRADE SALES STR-LOW 179.50 179.50 162.75 STR-HIGH 181.85 179.85 164.85 HFR-LOW 179.50 179.50 162.00 HFR-HIGH 179.50 179.50 164.85 ALBERTA DIRECT SALES STR-RANGE 109.50-110.00 N/A-N/A 96.35-99.00 AVERAGE N/A 107.85 98.33 VOLUME N/A 11,090 13,427 HFR-RANGE 109.00-109.00 110.00-110.00 99.00-99.00 AVERAGE N/A 108.98 97.77 VOLUME N/A 5,058 9,304 OPEN MARKET - $/CWT Jul27/12 Jul20/12 Jul29/11 STEERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 90.54-117.63 94.00-108.01 NEBRASKA* 114.00-114.50 N/A-N/A 109.00-110.00 HEIFERS - A1,2 AND CHOICE 2-4 ONTARIO N/A-N/A 92.07-115.86 94.29-108.95 NEBRASKA* 114.00-114.50 N/A-N/A 109.00-110.00 COWS - D1,2 CLYDE 70.00-78.00 70.00-81.00 60.00-72.00 SIOUX F* N/A 71.38 76.00 800-900 LB FEEDER STEERS CLYDE 130.00-141.50 130.00-140.50 120.00-129.50 PONOKA 129.00-140.50 134.00-142.00 116.00-127.00 STRATHMOR 125.00-145.00 N/A-N/A 116.00-129.00 ONTARIO N/A-N/A 129.00-142.00 110.00-126.00 700-800 LB FEEDER STEERS CLYDE 145.00-152.50 150.00-155.25 125.00-136.50 PONOKA 136.00-154.00 139.00-147.00 122.00-138.00 STRATHMOR 125.00-152.00 N/A-N/A 120.00-138.00 C.NEBRAS* N/A-N/A 130.00-142.75 132.50-142.50 600-700 LB FEEDER STEERS CLYDE 155.00-155.00 165.00-183.00 132.00-140.00 PONOKA 150.00-157.00 150.00-163.00 140.00-146.00 STRATHMOR 135.00-178.00 N/A-N/A 130.00-148.00 500-600 LB FEEDER STEERS CLYDE 150.00-160.00 170.00-180.50 140.00-155.25 PONOKA 153.00-170.00 160.00-178.00 140.00-152.00 STRATHMOR N/A-N/A N/A-N/A 130.00-155.00 ONTARIO N/A-N/A 140.00-167.00 117.00-145.00 700-800 LB FEEDER HEIFERS CLYDE 125.00-138.00 125.00-142.00 110.00-119.75 PONOKA 115.00-124.00 134.00-139.00 110.00-122.00 STRATHMOR 124.00-142.00 N/A-N/A 118.00-132.00 500-600 LB FEEDER HEIFERS CLYDE 140.00-147.25 150.00-160.50 127.00-135.75 PONOKA 135.00-151.00 142.00-155.00 125.00-132.50 STRATHMOR N/A-N/A N/A-N/A 115.00-140.00 NOTE: * denotes price in US Dollars ** Alberta breakdown not available PRELIM LIVE ANIMAL TRADE - WEEK ENDING Jul13/2012 CATTLE FROM US TO US TO US TO US SLTR SLTR FDR HOGS CANADA 0 10,064 1,012 17,261 EAST 0 2,774 132 6,450 WEST 0 7,290 880 10,811 BEEF WHOLESALE PRICES - $/CWT WEEK ENDING Jul27/12 Jul20/12 Jul29/11 CDA CUTOUT AAA N/A N/A 168.04 CDA CUTOUT AA/A N/A N/A 166.70 US BOXED BEEF CUTOUT - US $/CWT WEEK END Jul27/12 Jul20/12 Jul29/11 CHOICE 6-900 178.06 182.07 175.04 SELECT 6-900 170.97 172.05 170.40 HOG SLAUGHTER WEEK END Jul21/12(prel) Jul14/12(prel) Jul23/11 CANADA 357,979 399,373 391,232 EAST 197,139 230,284 229,056 WEST 160,840 169,089 162,176 AB/BC** 51,272 56,988 55,195 WEEK END Jul28/12(est) Jul21/12(est) Jul30/11 US 2,003,000 1,961,000 1,989,400 HOG CASH PRICES - INDEX 100 - $/KG WEEK END Jul26/12 Jul19/12 Jul28/11 ALTA AVG 1.733 1.706 1.674 ONT AVG N/A 2.032 1.931 INTERIOR IOWA MINNESOTA HOG CASH PRICES WEEK END Jul27/12 Jul20/12 Jul29/11 US $/CWT 93.56 95.30 101.15 CAN EQVT $/KG 1.796 1.839 1.840 US PORK CARCASS CUTOUT US $/CWT 92.27 90.33 102.55 HOG FUTURES - US$/CWT CAN/US$ CLOSE Jul27/2012 MTH LEAN CHG MTH FUTURES CHG AUG 95.20 +1.50 SEP .9948 +0.0082 OCT 81.33 +1.53 DEC .9927 +0.0081 DEC 79.30 +2.65 MAR .9905 +0.0079 FEB 84.55 +3.70 JUN .9886 +0.0079 APR 88.88 +3.00 SEP .9866 +0.0078 MAY 94.60 +2.65 DEC .9839 +0.0068 HOG INDICATORS WEEK END Jul21/12 Jul14/12 Jul23/11 AV DRSD WT US-LBS 203.0 204.0 203.0 FD:HOG RATIO Jul20/12Jul13/12Jul22/11 US CORN 11.6 12.7 13.3 Jul20/12 Jul13/12 Jul22/11 ALTA BARLEY 10.0 10.4 12.9 SHEEP AND LAMB PRICES - Most Recent Sale to Jul26/2012 MARKET LAMBS - FEEDER LAMBS SHEEP (95-109 LBS) (<80 LBS) (ALL WTS.) ONTARIO 144.48-156.69 143.01-214.14 N/A TEXAS (US$) N/A N/A 56.50$/CWT MARKET LAMB PRICES - Most Recent Sale to Jul19/2012 CENTRAL ALTA 132.48-140.16 (INNISFAIL)