Price Changes are from Week Ago, Thursday. February 3rd, US $ = C $ EURO = C $ Yen = C $ 0.

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Manitoba Markets Index: http://www.gov.mb.ca/agriculture/market-pricesand-statistics/livestock-statistics/index.html MANITOBA markets MANITOBA MARKETS LIVESTOCK PRICES Price Changes are from Week Ago, Thursday. February 3rd, 2017 1 US $ = C $ 1.3004 1 EURO = C $ 1.4033 1 Yen = C $ 0.01157 Friday noon Cattle Prices Winnipeg Brandon Ste. Rose ($/cwt) (Friday to Thursday) Price Range Change Price Range Change Price Range Change Steers - - - Heifers - - - Age Verified Cows - - Dry Fed Cows 90.00-115.00 0.00 - - D1, 2 Cows 82.00-88.00-1.50 80.00-88.00-4.00 - D3 Cows 64.00-72.00 na 65.00-79.00-4.00 - Bulls 90.00-98.00-3.00 95.00-109.00 1.50 85.00-128.00 3.50 Steers (901 + lb) 148.00-165.00-5.00 148.00-160.00-8.50 - (801-900) 160.00-168.00-1.50 155.00-170.00-10.50 157.54-157.54 na (701-800) 165.00-178.50-3.75 160.00-175.00-7.50 169.86-169.86 na (601-700) 175.00-199.00-2.50 180.00-195.00-2.50 185.54-185.54 na (501-600) 190.00-215.00 3.00 190.00-205.00-2.50 199.46-199.46 na (401-500) 200.00-236.00 9.00 200.00-220.00-10.00 213.98-213.98 na Heifers (901 +lb) 140.00-148.00-3.50 130.00-145.00-10.00 136.41-136.41 na (801-900) 140.00-156.00-3.50 135.00-148.00-10.00 139.62-139.62 na (701-800) 145.00-168.00 0.00 140.00-153.00-9.50 146.97-146.97 na (601-700) 150.00-170.00-3.00 150.00-165.00-5.50 156.05-156.05 na (501-600) 158.00-181.00-4.50 165.00-185.00-1.00 167.91-167.91 na (401-500) 165.00-188.00-7.50 175.00-200.00-3.50 181.06-181.06 na U.S. Direct ($ Cdn) Average Price 154.69 Change -4.87 Page 1 of 6

Cattle Prices ($/cwt) Alberta Ontario (Friday to Thursday) Price Range Change Price Range Change Grade A Steers (1,000 +lb) 156.00-157.25-1.38 124.57-155.51-6.62 Grade A Heifers (850 +lb) - 125.95-151.37 4.56 D1, 2 Cows 87.00-100.00-1.50 60.59-82.29-1.60 D3 Cows 70.00-90.00-3.50 60.59-82.29-1.60 Bulls 104.40-104.40 na 85.68-104.34-1.23 Steers (901 +lb) 155.00-169.00-5.00 158.42-188.89 8.69 (801-900) 159.00-171.00-5.50 164.58-188.96 22.50 (701-800) 164.00-178.00-5.50 150.05-185.78-1.70 (601-700) 173.00-196.00-6.00 149.22-198.16 3.03 (501-600) 193.00-215.00-2.50 148.89-202.09-3.45 (401-500) 207.00-230.00-5.00 155.72-204.64 0.29 Heifers (901 +lb) 140.00-155.00-6.50 142.31-157.77 5.11 (801-900) 144.00-155.00-6.00 145.19-166.40 8.51 (701-800) 150.00-163.00-4.50 133.29-157.70-0.50 (601-700) 155.00-172.00-4.50 131.47-169.64 1.45 (501-600) 164.00-184.00-4.00 143.13-180.00 4.32 (401-500) 172.00-198.00-6.00 137.53-175.48 2.51 Auction Market Sales ($/cwt) (Price ranges refer to top quality animals only.) Ashern Gladstone Grunthal Price Range Price Range Price Range Steers Heifers Age Verified Cows 84.00-93.00 Dry Fed Cows D1, 2 Cows 78.00-86.00 D3 Cows 70.00-77.00 Bulls 100.00-108.00 Steers (901+lb) - - 98.00-150.00 (801-900) 150.00-165.00-147.00-158.00 (701-800) 153.00-177.00 160.00-178.50 150.00-175.00 (601-700) 160.00-190.00 170.00-200.00 158.00-198.50 (501-600) 170.00-202.00 180.00-203.50 160.00-218.00 (401-500) 180.00-207.00 190.00-230.00 165.00-225.00 Heifers (901+lb) - - - (801-900) 129.00-140.00 120.00-146.00 120.00-135.00 (701-800) 138.00-160.00 130.00-149.00 123.00-146.00 (601-700) 146.00-184.00 150.00-174.00 147.00-159.50 (501-600) 151.00-177.00 160.00-179.00 160.00-182.50 (401-500) 162.00-186.00 170.00-189.50 165.00-190.00 Page 2 of 6

Killarney Virden Price Range Price Range Steers - Heifers - Age Verified Cows - 81.00-87.50 Dry Fed Cows D1, 2 Cows 78.00-88.00 78.00-84.00 D3 Cows 71.00-77.00 Bulls 95.00-103.00 96.00-108.00 Steers (901+lb) - 153.00-163.75 (801-900) 155.00-165.00 157.00-166.50 (701-800) 160.00-179.00 163.00-181.00 (601-700) 180.00-200.00 177.00-197.00 (501-600) 185.00-200.00 190.00-207.00 (401-500) 205.00-225.00 204.00-228.00 Heifers (901 +lb) - 138.00-145.00 (801-900) - 140.00-149.00 (701-800) 145.00-155.50 142.00-152.00 (601-700) 155.00-168.50 150.00-169.50 (501-600) 165.00-189.00 164.00-181.00 (401-500) 175.00-199.00 178.00-194.00 Railgrade Cattle Prices - Winnipeg ($/lb) Current Week Last Week Grade "A" Steers/Heifers (Select) na - na na - na D1,2 Cows 1.48-2.13 1.54-2.13 Wholesale Beef Prices - United States - Choice (600-900 lb) Carcass Price Equivalent Index Boxed Beef Cutout Value Current Week Last Week Current Last Week Week $179.28 $180.66 $193.01 $193.00 Page 3 of 6

CME Futures (US$/cwt) Fed Cattle Close Chg Feeder Cattle Close Chg Hogs (lean carcass) February 2017 116.88-1.83 March 2017 123.75-3.35 February 2017 70.35 4.50 April 2017 115.48-2.10 April 2017 123.60-3.15 April 2017 69.58 2.35 June 2017 105.53-1.68 May 2017 122.50-2.65 May 2017 74.08 1.95 August 2017 101.40-1.55 August 2017 123.48-2.55 June 2017 77.85 1.77 October 2017 101.18-1.33 September 2017 Close Chg 122.18-2.05 July 2017 77.53 1.20 December 2017 101.88-1.50 October 2017 121.38-0.47 August 2017 77.28 1.28 February 2018 101.55-1.30 November 2017 120.70-0.20 October 2017 67.10 1.22 April 2018 100.83-0.63 January 2018 118.15 na December 2017 62.55 0.30 February 2018 65.43-0.50 Maple Leaf Sig #5 - Contract Prices Top of Range (MFL Delivered) - Thursday Price (C ) Hog Price Averages E - Estimation March 2017 151.40 Manitoba April 2017 160.07 May 2017 173.94 Manitoba (all weights) Fri - Thurs Manitoba (Index 100) Fri - Thurs Feb 3rd Week Ending: Jan 27th Jan 20th Last Year 177E 174.20 169.69 177.44 166E 162.83 159.10 166.47 June 2017 179.56 Ontario (Index 100) Mon - Fri 163.72 161.05 157.74 159.33 July 2017 179.28 August 2017 173.33 September 2017 161.70 Quebec (Index 100) Mon - Fri Sows* Mon - Fri (Live Weight) 165.73 164.37 156.15 160.74 October 2017 153.29 Sows #1 (+500 lb) 70.55 72.75 66.14 101.41 November 2017 146.01 Sows #1 (-500 lb) 52.91 57.32 56.22 87.08 December 2017 140.13 Sows #2 35.27 41.89 41.89 76.06 Sows #3 24.25 30.86 11.02 11.02 Boars #1 (127-272 ) 11.02 13.23 15.43 17.64 Boars #2 (272-317 ) 6.61 6.61 11.02 11.02 Boars #3 (<94 and >314 ) 2.20 2.20 6.61 4.41 Weanling Pig Prices (C$/head) Week Ending - January 27th, 2017 Spot Price Range Contract Price Range US National Direct Delivered (10 lbs, 40 lbs) 5- Isowean Pig na - na Not Available 51.32-77.80 23- Weanling Pig na - na 78.45-98.06 Page 4 of 6

Ewes & Lambs - Week Ending - February 3rd, 2017 Winnipeg (180 head) ($/cwt) Wooled Feeders Wooled Fats Hair Lambs Lambs: (110 + lb.) - 140.00-160.00 - (95-109 lb.) - 160.00-184.00 - (80-94 lb.) - 170.00-185.00 - (Under 80 lb.) - 170.00-185.00 - (New Crop) - - - Ewes - Choice - 150.00-128.00 - - Medium/Plain - 50.00-85.00 - ($/cwt) Toronto Volume Ewes 112.34-152.06 434 Lambs: (110 + lb.) 195.34-208.86 355 (95-109 lb.) 201.64-221.90 315 (80-94 lb.) 205.96-246.81 451 (Under 80 lb.) 244.14-363.61 1,024 (New Crop) - Lambs Base Price (40-61.9 lbs dress weights - rail) Price range off of base Lambs: (50-100 lb.) Goats: ($/head) Winnipeg (30 head) Toronto Volume Feeders Fats ($/cwt) Billys - - Mature 97.36-294.09 413 Nannys - Choice - - - Medium/Plain - - Kids - Choice - 200.00-233.00 Kids 106.96-340.69 553 - Medium/Plain - 70.00-90.00 Horses: Toronto ($/cwt) <1,000 lb. 22.50-58.00 1,000 + lb. 45.15-66.33 Page 5 of 6

Slaughter and Grading Reports Week ending Jan 28th, 2017 Hog Slaughter Previous Year Week ending Jan 28th, 2017 Cattle Slaughter Previous Year Canada 426,593 431,395 49,783 51,940 East 254,195 260,029 12,580 11,849 West 172,398 171,366 37,203 40,091 Manitoba * 115,273 107,699 NA NA U.S. 2,367,000 2,320,000 577,000 570,000 * - Hog Slaughter includes estimates for Manitoba and Saskatchewan - Cattle Slaughter only Western Canada reported. Cattle Grades (Canada) Week ending Jan 28th, 2017 Previous Year Cattle Classes (Canada) Week ending Jan 28th, 2017 Previous Year Prime 697 1,336 Steers 22,216 24,439 AAA 22,574 26,301 Heifers 15,155 16,949 AA 12,314 12,160 Cows 12,125 10,256 A 512 655 Bulls 287 296 B 425 648 Calves 3,847 3,740 D 11,422 9,872 E 281 278 US Weekly Price and Production Summary, LMIC http://www.lmic.info/priprod/pandp.html Canadian Red Meat Market Information, AAFC http://www.agr.gc.ca/redmeat-vianderouge/index_eng.htm Manitoba Agriculture, Market Intelligence, 811-401 York Avenue, Winnipeg MB R3C 0P8 Telephone 1-204-945-3503 Other publications available from Research and Market Intelligence of Manitoba Agriculture are found on the Agriculture Statistics page. Page 6 of 6