Price Changes are from Week Ago, Thursday. September 1st, 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. September 1st, 2017 1 US $ = C $ 1.2390 1 EURO = C $ 1.4719 1 Yen = C $ 0.01125 Friday noon Cattle Prices Winnipeg Brandon Ste. Rose ($/cwt) (Friday to Thursday) Price Range Change Price Range Change Price Range Change Steers - - - Heifers - - - Age Verified Cows - - Dry Fed Cows 95.00-116.00 na - - D1, 2 Cows 92.00-97.00 na 84.00-94.50 na 85.00-92.00 na D3 Cows 80.00-87.00 na 70.00-84.00 na 78.00-85.00 na Bulls 102.00-109.00 na 100.00-111.00 na 95.00-112.00 na Steers (901 + lb) 145.00-168.00 na 155.00-170.00 na - (801-900) 168.00-193.00 na 170.00-189.00 na - (701-800) 185.00-203.00 na 185.00-200.00 na - (601-700) 190.00-205.00 na 195.00-210.00 na 180.00-205.00 na (501-600) 200.00-217.00 na - 200.00-210.00 na (401-500) 200.00-225.00 na - - Heifers (901 +lb) 135.00-157.00 na 150.00-165.00 na - (801-900) 145.00-168.00 na 162.00-175.00 na - (701-800) 152.00-177.00 na 170.00-180.00 na - (601-700) 158.00-185.00 na 172.00-185.00 na 165.00-178.00 na (501-600) 165.00-190.00 na - 160.00-185.00 na (401-500) 170.00-195.00 na - 175.00-188.00 na U.S. Direct ($ Cdn) Average Price 131.25 Change -2.70 Page 1 of 7

Cattle Prices ($/cwt) Alberta Ontario (Friday to Thursday) Price Range Change Price Range Change Grade A Steers (1,000 +lb) 136.25-138.00 na 103.97-139.63-13.32 Grade A Heifers (850 +lb) - 111.56-132.86-6.70 D1, 2 Cows 90.00-103.00-3.00 58.02-84.94-2.59 D3 Cows 80.00-92.00-3.50 58.02-84.94-2.59 Bulls 113.45-113.45 na 90.84-114.71-4.47 Steers (901 +lb) 169.00-182.00 2.50 160.91-184.14 3.58 (801-900) 180.00-199.00 5.50 146.85-190.27-4.39 (701-800) 186.00-209.00 5.50 133.86-202.77-14.14 (601-700) 190.00-214.00 2.50 148.28-218.82-6.27 (501-600) 195.00-216.00 0.50 155.76-225.74-1.48 (401-500) 200.00-215.00-11.00 189.81-241.66 25.56 Heifers (901 +lb) 155.00-169.00 2.50 133.86-149.03 3.56 (801-900) 162.00-177.00 4.50 144.60-158.70-4.69 (701-800) 167.00-183.00 2.00 151.16-172.07 7.48 (601-700) 170.00-188.00 2.00 142.77-186.28 7.93 (501-600) 170.00-192.00-2.50 147.07-196.08 9.37 (401-500) 178.00-200.00 3.50 155.62-205.08 3.98 Auction Market Sales ($/cwt) (Price ranges refer to top quality animals only.) Steers Heifers Age Verified Cows 82.00-89.00 Dry Fed Cows D1, 2 Cows 77.00-82.00 D3 Cows - Bulls 80.00-108.50 Ashern Gladstone Grunthal Price Range Price Range Price Range Closed for the summer Not available this week Steers (901+lb) - - - (801-900) 170.00-177.00 - - (701-800) 174.00-191.50 - - (601-700) - - - (501-600) - - - (401-500) - - - Heifers (901+lb) - - - (801-900) 166.00-169.00 - - (701-800) 170.00-176.00 - - (601-700) 178.00-182.00 - - (501-600) - - - (401-500) - - - Page 2 of 7

Killarney Virden Price Range Price Range Steers - Closed for the summer Heifers - Age Verified Cows - - Dry Fed Cows D1, 2 Cows - 85.00-93.00 D3 Cows 77.00-84.00 Bulls - 104.00-117.00 Steers (901+lb) - 168.00-178.75 (801-900) - 178.00-190.00 (701-800) - 183.00-203.00 (601-700) - 196.00-216.00 (501-600) - 205.00-222.00 (401-500) - 210.00-235.00 Heifers (901 +lb) - 145.00-165.00 (801-900) - 163.00-174.00 (701-800) - 174.00-191.00 (601-700) - 178.00-194.00 (501-600) - 178.00-196.00 (401-500) - 190.00-215.00 Railgrade Cattle Prices - Winnipeg ($/lb) Current Week Last Week Grade "A" Steers/Heifers (Select) na - na na - na D1,2 Cows 1.56-2.15 na - na Wholesale Beef Prices - United States - Choice (600-900 lb) Carcass Price Equivalent Index Boxed Beef Cutout Value Current Week Last Week Current Week Last Week $167.63 $170.41 $191.91 $191.75 Page 3 of 7

CME Futures (US$/cwt) Fed Cattle Close Chg Feeder Cattle Close Chg Hogs (lean carcass) Close Chg August 2017 $104.53-1.43 August 2017 142.73 1.13 October 2017 61.40-2.38 October 2017 $105.40-1.43 September 2017 142.58 0.40 December 2017 58.03-1.23 December 2017 $109.10-0.70 October 2017 143.30 0.90 February 2018 62.65-1.25 February 2018 $112.35 0.27 November 2017 143.68 1.20 April 2018 67.15-0.90 April 2018 $113.35 0.85 January 2018 140.50 0.75 May 2018 72.43-0.58 June 2018 $107.53 0.95 March 2018 138.43 0.58 June 2018 76.55-0.58 August 2018 $106.00 0.63 April 2018 139.05 0.50 July 2018 76.55-0.67 October 2018 $107.55 0.22 May 2018 139.53-0.10 August 2018 76.00-0.67 December 2018 $107.73 0.77 October 2018 64.60-0.40 Maple Leaf Sig #5 - Contract Prices Top of Range (MFL Delivered) - Thursday Price Hog Price Averages Week Ending: (C$/100 kg) E - Estimation Sep 1 Aug 25 Aug 18 October 2017 135.05 Manitoba $/100 kg $/100 kg $/100 kg $/100 kg November 2017 131.05 December 2017 125.44 January 2018 132.34 February 2018 135.87 March 2018 142.99 April 2018 143.23 Manitoba (all weights) Fri - Thurs Manitoba (Index 100) Fri - Thurs Ontario (Index 100) Mon - Fri Quebec (Index 100) Mon - Fri Sows* Mon - Fri (Live Weight) Last Year 176E 189.18 199.54 168.68 163E 176.17 185.85 155.87 168.95 182.65 193.11 155.31 176.24 189.90 198.31 159.64 $/100 kg $/100 kg $/100 kg $/100 kg May 2018 159.61 Sows #1 (+500 lb) 110.23 134.48 163.14 114.64 June 2018 169.00 Sows #1 (-500 lb) 99.21 112.43 147.71 103.62 Sows #2 72.75 94.80 125.66 81.57 Sows #3 17.64 72.75 103.62 11.02 Boars #1 (127-272 kg) 11.02 22.05 24.25 22.05 Boars #2 (272-317 kg) 4.41 17.64 19.84 15.43 Boars #3 (<94 and >314 kg) 2.20 13.23 15.43 8.82 Weanling Pig Prices (C$/head) Week Ending - August 25th, 2017 Spot Price Range Contract Price Range US National Direct Delivered (10 lbs, 40 lbs) 5-kg Isowean Pig na - na Not Available 18.85-55.28 23-kg Weanling Pig na - na 40.20-60.31 Page 4 of 7

Ewes & Lambs - Week Ending - September 1st, 2017 Winnipeg Next Sale September 6, 2017 ($/cwt) Wooled Feeders Wooled Fats Hair Lambs Lambs: (110 + lb.) - - - (95-109 lb.) - - - (80-94 lb.) - - - (Under 80 lb.) - - - (New Crop) - - - Ewes - Choice - - - - Medium/Plain - - - ($/cwt) Toronto Volume Ewes 112.17-167.02 1,266 Lambs: (110 + lb.) 172.52-235.92 195 (95-109 lb.) 244.69-269.05 1,282 (80-94 lb.) 249.70-285.84 1,746 (Under 80 lb.) 223.96-306.32 2,733 (New Crop) - Lambs Base Price (40-61.9 lbs dress weights - rail) Price range off of base Lambs: (50-100 lb.) Goats: ($/cwt or $/head) Winnipeg Next Sale September 6, 2017 Toronto Volume Feeders Fats ($/cwt) Billys - - Mature 139.34-310.90 883 Nannys - Choice - - - Medium/Plain - - Kids - Choice - - Kids 107.78-320.33 1,819 - Medium/Plain - - Horses: Toronto ($/cwt) <1,000 lb. 18.00-77.50 1,000 + lb. 32.50-76.00 Page 5 of 7

Slaughter and Grading Reports Hog Slaughter Cattle Slaughter Aug 26th, 2017 Previous Year Aug 26th, 2017 Previous Year Canada 419,436 415,377 62,877 56,785 East 246,541 241,245 12,681 12,172 West 172,895 174,132 50,196 44,613 Manitoba * 114,666 111,677 NA NA U.S. 2,338,000 2,267,000 639,000 610,000 * - Hog Slaughter includes estimates for Manitoba and Saskatchewan - Cattle Slaughter only Western Canada reported. Cattle Grades (Canada) Aug 26th, 2017 Previous Year Cattle Classes (Canada) Aug 26th, 2017 Previous Year Prime 554 967 Steers 38,155 35,836 AAA 29,560 30,922 Heifers 15,815 14,550 AA 20,529 15,864 Cows 8,427 6,130 A 1,523 710 Bulls 480 269 B 1,482 1,574 Calves 3,998 3,728 D 7,866 5,841 E 485 309 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 Page 6 of 7

Number of Cattle, Feeders and Calves Sold a Through Manitoba Auction Markets, 2015-2017 (monthly and year-to-date total) Markets: Cattle Sold in August 2017 2015 2017 as a % of 2017 Cattle (January- August) 2015 2017 as a % of Ashern 225 0 0-26,214 22,333 24,382 117 Brandon 685 664 489 103 25,467 18,932 22,561 135 Gladstone 1 0 0 49-12,858 12,035 12,351 107 Grunthal 0 134 268 0 12,067 10,355 10,867 117 Killarney 0 0 62-15,393 11,437 10,434 135 Ste. Rose 166 220 175 75 29,134 24,574 26,084 119 Virden 1,475 1,679 1,081 88 49,358 41,252 41,360 120 Winnipeg 560 470 190 119 27,579 21,060 18,835 131 TOTAL 3,111 3,167 2,314 98 198,070 161,978 166,874 122 a Includes duplication if animal is sold more than once. PS: Cattle data collection started in 2010. SOURCE: Manitoba auction markets; prepared: September 1, 2017 Number of Feeder Cattle Sold a Through Manitoba Auction Markets, 2015-2017 (monthly and year-to-date total) Markets: Feeders Sold in August 2017 2015 2017 as a % of 2017 Feeders (January- August) 2015 2017 as a % of Ashern 50 0 0-22,316 19,350 20,584 115 Brandon 424 400 234 106 22,009 15,623 18,552 141 Gladstone 1 0 0 49-12,858 12,035 12,351 107 Grunthal 0 21 119 0 10,324 8,357 8,795 124 Killarney 0 0 25-13,443 10,259 9,206 131 Ste. Rose 65 96 49 68 25,260 21,480 22,222 118 Virden 916 1,177 589 78 39,700 32,318 32,577 123 Winnipeg 160 190 45 84 22,516 17,191 15,060 131 TOTAL 1,615 1,884 1,110 86 168,426 136,613 139,347 123 a Includes duplication if animal is sold more than once. SOURCE: Manitoba auction markets; prepared: September 1, 2017 1 Feeders reported as Cattle (no breakdown given). Foresight and Analysis, Manitoba Agriculture 809-401 York Avenue, Winnipeg MB R3C 0P8 1-204-945-3503, IndustryIntelligence@gov.mb.ca Other publications are available on the Agriculture Markets and Statistics page of Manitoba Agriculture. Page 7 of 7