Price Changes are from Week Ago, Thursday. April 6, US $ = C $ EURO = C $ Yen = C $ Friday noon

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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. April 6, 2018 1 US $ = C $ 1.2764 1 EURO = C $ 1.5662 1 Yen = C $ 0.01192 Friday noon Cattle Prices Winnipeg Brandon Ste. Rose ($/cwt) (Friday to Thursday) Price Range Change Price Range Change Price Range Change Steers - Not Avalaible This Week Not Avalaible This Week Heifers - Age Verified Cows - - Dry Fed Cows - - - D1, 2 Cows - - 81.00-88.50 na D3 Cows - - 70.00-80.00 na Bulls - - 100.00-116.00 na Feeder Cattle (medium & large frame lean) Steers (901 + lb) - - 145.00-153.00 na (801-900) - - 152.00-165.00 na (701-800) - - 178.00-196.00 na (601-700) - - 185.00-213.00 na (501-600) - - 195.00-228.00 na (401-500) - - 210.00-230.00 na Heifers (901 +lb) - - - (801-900) - - 140.00-153.00 na (701-800) - - 155.00-173.50 na (601-700) - - 165.00-179.50 na (501-600) - - 175.00-206.00 na (401-500) - - 185.00-210.00 na U.S. Direct ($ Cdn) Average Price 149.45 Change -5.90 Page 1 of 7

Cattle Prices ($/cwt) Alberta Ontario (Friday to Thursday) Price Range Change Price Range Change Grade A Steers (1,000 +lb) - 119.51-151.27-1.47 Grade A Heifers (850 +lb) - 127.70-147.88-4.01 D1, 2 Cows 82.00-101.00 0.00 57.70-75.57-7.50 D3 Cows 74.00-86.00 1.50 57.70-75.57-7.50 Bulls - 81.32-105.14-5.80 Feeder Cattle (medium & large frame lean) Steers (901 +lb) 149.00-162.00 1.00 152.67-170.40-1.63 (801-900) 156.00-171.00 1.00 161.48-180.71-5.11 (701-800) 170.00-190.00-2.00 152.80-192.66-18.41 (601-700) 185.00-209.00-7.00 167.64-212.62-13.72 (501-600) 200.00-221.00-12.00 172.08-227.49-18.72 (401-500) 213.00-237.00-6.00 157.12-235.68-15.30 Heifers (901 +lb) 130.00-142.00-4.53 129.65-147.71-5.70 (801-900) 144.00-157.00 1.97 123.08-153.75-21.25 (701-800) 152.00-169.00 4.90 134.71-158.36-34.00 (601-700) 162.00-177.00 2.56 145.49-186.84-4.38 (501-600) 175.00-191.00 3.49 158.09-202.90-4.66 (401-500) 183.00-207.00 1.00 151.54-206.69-2.55 Auction Market Sales ($/cwt) (Price ranges refer to top quality animals only.) Ashern Gladstone Grunthal Price Range Price Range Price Range Steers - Heifers - Age Verified Cows - Dry Fed Cows D1, 2 Cows 74.00-81.00 D3 Cows 70.00-79.00 Bulls 90.00-109.00 Feeder Cattle (medium & large frame lean) Steers (901+lb) - - - (801-900) 150.00-162.50 150.00-161.50 140.00-165.00 (701-800) 160.00-180.00 160.00-174.50 150.00-175.00 (601-700) 171.00-200.25 165.00-185.50 165.00-202.50 (501-600) 180.00-216.00 190.00-222.00 175.00-212.50 (401-500) 190.00-230.00 200.00-222.00 190.00-227.50 Heifers (901+lb) - - - (801-900) 130.00-152.25 120.00-138.00 130.00-167.50 (701-800) 130.00-167.50 140.00-160.50 150.00-190.00 (601-700) 135.00-179.00 160.00-179.00 150.00-185.00 (501-600) 140.00-187.00 160.00-181.00 160.00-190.00 (401-500) 160.00-207.00 170.00-200.00 175.00-215.00 Page 2 of 7

Killarney Virden Pipestone Price Range Price Range Price Range Steers - Not Available This Not Available This Week Heifers - Week Age Verified Cows - - - Dry Fed Cows D1, 2 Cows - 83.00-90.00 - D3 Cows 77.00-82.00 - Bulls - 98.00-109.00 - Feeder Cattle (medium & large frame lean) Steers (901+lb) - 149.00-161.50 - (801-900) - 154.00-170.00 - (701-800) - 172.00-191.00 - (601-700) - 184.00-209.00 - (501-600) - 198.00-220.00 - (401-500) - 207.00-229.00 - Heifers (901 +lb) - 132.00-139.00 - (801-900) - 139.00-147.00 - (701-800) - 146.00-164.00 - (601-700) - 165.00-181.75 - (501-600) - 172.00-193.00 - (401-500) - 190.00-207.00 - Railgrade Cattle Prices - Winnipeg ($/lb) Current Week Last Week Grade "A" Steers/Heifers (Select) na - na na - na D1,2 Cows na - na 1.44-1.78 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 $190.67 $195.81 $215.09 $221.00 Page 3 of 7

CME Futures (US$/cwt) Fed Cattle Close Chg Feeder Cattle Close Chg Hogs (lean carcass) Close Chg April 2018 $114.30-1.70 April 2018 137.48-0.35 April 2018 52.45-4.47 June 2018 $105.05-0.53 May 2018 138.05-0.45 May 2018 65.85-1.48 August 2018 $104.88 0.42 August 2018 142.68-1.75 June 2018 73.83-2.80 October 2018 $108.63 0.33 September 2018 143.95-1.35 July 2018 75.75-1.90 December 2018 $112.40 0.03 October 2018 144.45-1.00 August 2018 76.38-1.28 Febuary 2019 $113.50-1.05 November 2018 144.28-1.05 October 2018 64.78-1.22 April 2019 $114.38-0.90 January 2019 140.15-1.30 December 2018 59.38-1.00 June 2019 $108.68-0.70 March 2019 137.28 na February 2019 63.55-0.80 August 2019 $107.60-0.35 April 2019 67.25-0.45 Maple Leaf Sig #5 - Contract Prices Top of Range (MFL Delivered) - Thursday Price (C$/100 kg) Hog Price Averages Week Ending: E - Estimation Apr 6 Mar 29 Mar 23 May 2018 156.33 Manitoba $/100 kg $/100 kg $/100 kg $/100 kg June 2018 165.40 July 2018 166.01 August 2018 167.91 September 2018 157.43 October 2018 145.13 November 2018 138.10 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 144E 154.13 166.10 174.12 133E 143.45 154.37 161.87 128.64 139.95 149.45 160.71 134.69 144.59 155.01 166.02 $/100 kg $/100 kg $/100 kg $/100 kg December 2018 129.45 Sows #1 (+500 lb) na na na 99.21 January 2019 138.66 Sows #1 (-500 lb) na na na 85.98 February 2019 141.17 Sows #2 na na na 74.96 Sows #3 na na na 52.91 Boars #1 (127-272 kg) na na na 17.64 Boars #2 (272-317 kg) na na na 13.23 Boars #3 (<94 and >314 kg) na na na 8.82 Weanling Pig Prices (C$/head) Week Ending - March 29, 2018 Spot Price Range Contract Price Range US National Direct Delivered (10 lbs, 40 lbs) 5-kg Isowean Pig na - na na - na 41.29-63.22 23-kg Weanling Pig na - na na - na 87.73-106.44 Page 4 of 7

Ewes & Lambs - Week Ending - April 6, 2018 Winnipeg (75 head) ($/cwt) Wooled Feeders Wooled Fats Hair Lambs Lambs: (110 + lb.) - 160.00-182.00 - (95-109 lb.) - 170.00-200.00 - (80-94 lb.) - 185.00-210.00 - (Under 80 lb.) - - - (New Crop) - 268.00-288.00 - Ewes - Choice - 185.00-122.00 - - Medium/Plain - 85.00-95.00 - ($/cwt) Toronto Volume Ewes 121.29-170.38 479 Lambs: (110 + lb.) 192.41-238.66 128 (95-109 lb.) 285.17-311.99 286 (80-94 lb.) 302.74-342.60 549 (Under 80 lb.) 340.62-442.35 2,386 (New Crop) - Lambs Base Price (40-61.9 lbs dress weights - rail) Price range off of base Lambs: (50-100 lb.) Goats: ($/head) Winnipeg (10 head) Toronto Volume Feeders Fats ($/cwt) Billys - 210.00-230.00 Mature 96.00-310.70 299 Nannys - Choice - 140.00-170.00 - Medium/Plain - 160.00-185.00 Kids - Choice - 160.00-185.00 Kids 156.01-470.17 552 - Medium/Plain - - Horses: Toronto ($/cwt) <1,000 lb. 35.00-49.00 1,000 + lb. 50.91-72.73 Page 5 of 7

Slaughter and Grading Reports Week ending Hog Slaughter Week ending Cattle Slaughter March 31, 2018 Previous Year March 31, 2018 Previous Year Canada 326,537 417,702 46,241 53,595 East 172,982 242,628 10,709 12,116 West 153,555 175,074 35,532 41,479 Manitoba * 102,326 119,228 NA NA U.S. 2,391,000 2,344,000 594,000 601,000 * - Hog Slaughter includes estimates for Manitoba and Saskatchewan - Cattle Slaughter only Western Canada reported. Cattle Grades (Canada) Week ending March 31, 2018 Previous Year Cattle Classes (Canada) Week ending March 31, 2018 Previous Year Prime 936 947 Steers 20,173 23,915 AAA 25,251 28,645 Heifers 16,535 20,613 AA 9,445 13,239 Cows 9,331 8,784 A 321 750 Bulls 202 283 B 505 692 Calves 3,325 3,986 D 8,420 8,551 E 195 273 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, 2016-2018 (monthly and year-to-date total) Markets: Cattle Sold in March 2018 2016 2018 as a % of 2018 Cattle (January- March) 2016 2018 as a % of Ashern 6,341 8,338 6,858 76 14,863 17,235 14,539 86 Brandon 4,451 5,197 3,528 86 12,913 16,422 10,528 79 Gladstone 1 3,032 3,181 4,051 95 7,667 8,792 7,894 87 Grunthal 2,359 2,411 3,048 98 7,638 7,925 7,670 96 Killarney 3,267 3,116 2,444 105 9,297 10,964 8,852 85 Pipestone 1,210 N/A N/A N/A 1,210 N/A N/A N/A Ste. Rose 8,171 8,054 7,124 101 19,172 20,269 18,380 95 Virden 8,663 12,562 11,987 69 25,406 30,150 25,460 84 Winnipeg 5,615 7,690 3,505 73 12,940 15,345 11,025 84 TOTAL 43,109 50,549 42,545 85 111,106 127,102 104,348 87 a Includes duplication if animal is sold more than once. PS: Cattle data collection started in 2010. SOURCE: Manitoba auction markets; prepared: April 6, 2018 Number of Feeder Cattle Solda Through Manitoba Auction Markets, 2016-2018 (monthly and year-to-date total) Markets: Feeders Sold in March 2018 2016 2018 as a % of 2018 Feeders (January- March) 2016 2018 as a % of Ashern 5,889 7,648 6,170 77 13,150 15,015 12,895 88 Brandon 3,939 4,938 3,222 80 11,309 14,869 8,877 76 Gladstone 1 3,032 3,181 4,051 95 7,667 8,792 7,894 87 Grunthal 2,143 2,217 2,700 97 6,797 7,031 6,620 97 Killarney 3,086 2,865 2,257 108 8,697 10,188 8,145 85 Pipestone 1,078 N/A N/A N/A 1,078 N/A N/A N/A Ste. Rose 7,387 7,243 6,592 102 17,266 18,049 16,862 96 Virden 7,574 11,039 10,068 69 21,228 25,286 21,238 84 Winnipeg 5,025 7,010 3,195 72 11,005 13,315 9,530 83 TOTAL 39,153 46,141 38,255 85 98,197 112,545 92,061 87 a Includes duplication if animal is sold more than once. SOURCE: Manitoba auction markets; prepared: April 6, 2018 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