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MANITOBA MARKETS Livestock Prices Price Changes are from Week Ago, Thursday. March 8, 1 US $ = C $ 1.3438 1 EURO = C $ 1.5084 1 Yen = C $ 0.01204 Thursday close Cattle Prices Winnipeg Brandon Ste. Rose ($/cwt) (Friday to Thursday) Price Range Change Price Range Change Price Range Change Steers 132.00 139.00 N/A - Heifers 130.00 137.00 N/A - Age Verified Cows - - Dry Fed Cows - - D1, 2 Cows 78.00-84.00 1.50 74.00-83.00-1.00 75.00-81.00-3.25 D3 Cows 70.00-78.00 0.50-68.00-75.00-2.00 Bulls 80.00-97.00-0.50 93.00-107.00 0.50 - Feeder Cattle (medium & large frame lean) Steers (901 + lb) 155.00-169.00 6.00 150.00-166.00-7.00 158.00-167.00 1.00 (801-900) 165.00-174.00 4.00 160.00-178.00-6.00 165.00-183.00 1.75 (701-800) 170.00-193.00-2.00 173.00-189.00-14.00 175.00-201.00 7.00 (601-700) 190.00-218.00 0.00 194.00-215.00 0.50 195.00-223.00 6.00 (501-600) 208.00-230.00-3.00 204.00-231.00-7.50 210.00-230.00 2.50 (401-500) 210.00-237.00 0.50 225.00-252.00 8.50 - Heifers (901 +lb) - 132.00-155.00-9.00 - (801-900) 150.00-166.00 1.00 145.00-163.00-3.50 155.00-163.00-0.50 (701-800) 155.00-172.00-2.50 152.00-170.00-2.50 165.00-176.00 4.00 (601-700) 168.00-196.00 8.50 172.00-194.00 5.50 175.00-196.00 4.50 (501-600) 175.00-210.00 0.50 175.00-202.00-5.00 180.00-204.50-0.25 (401-500) 180.00-217.00 4.50 190.00-210.00-7.50 180.00-208.00-9.00 U.S. Direct ($ Cdn) Average Price 172.19 Change 4.47

Cattle Prices ($/cwt) Alberta Ontario (Friday to Thursday) Price Range Change Price Range Change Grade A Steers (1,000 +lb) 117.48-142.42-8.62 Grade A Heifers (850 +lb) 120.72-144.44 3.96 D1, 2 Cows 78.00-92.00 0.00 50.17-69.80 1.68 D3 Cows 65.00-81.00 0.00 50.17-69.80 1.68 Bulls 75.63-98.76-5.12 Feeder Cattle (medium & large frame lean) Steers (901 +lb) 162.00-173.00 1.00 160.60-178.19-2.72 (801-900) 170.00-183.00 0.50 164.11-184.12-1.88 (701-800) 179.00-194.00-0.50 162.87-191.49 2.08 (601-700) 196.00-216.00 1.00 154.75-206.27-5.30 (501-600) 213.00-229.00 0.50 154.78-219.40-15.10 (401-500) 224.00-248.00 0.00 177.25-223.21-0.42 Heifers (901 +lb) 149.00-159.00-0.50 131.59-162.33 0.46 (801-900) 156.00-167.00 1.50 127.67-158.98 3.91 (701-800) 162.00-177.00-0.50 146.21-169.93 7.57 (601-700) 171.00-189.00 2.50 134.33-175.98-2.70 (501-600) 177.00-199.00-1.50 141.02-193.51 3.15 (401-500) 189.00-213.00-1.00 139.29-184.08-6.87 Auction Market Sales ($/cwt) (Price ranges refer to top quality animals only.) Steers Heifers Age Verified Cows Dry Fed Cows Ashern Gladstone Grunthal Price Range Price Range Price Range D1, 2 Cows 76.00-89.00 63.00-79.00 65.00-83.50 D3 Cows 70.00-81.00 30.00-65.00 30.00-50.00 Bulls 80.00-107.50 82.00-92.75 Feeder Cattle (medium & large frame lean) Steers (901+lb) 140.00-150.00 110.00-166.00 130.00-162.00 (801-900) 150.00-177.00 151.00-169.00 145.00-163.00 (701-800) 169.00-193.00 160.00-189.00 155.00-190.00 (601-700) 180.00-212.00 177.00-212.00 175.00-213.00 (501-600) 190.00-232.00 111.50-233.75 180.00-237.50 (401-500) 201.00-234.00 179.00-238.00 195.00-237.50 Heifers (901+lb) - 126.00-160.50 - (801-900) 140.00-166.75 138.00-168.50 140.00-164.00 (701-800) 160.00-172.00 147.00-165.50 145.00-169.00 (601-700) 165.00-190.00 154.00-192.00 158.00-198.00 (501-600) 170.00-203.00 150.00-206.00 160.00-215.00 (401-500) 180.00-210.00 154.00-215.00 175.00-221.00 2

Killarney Virden Pipestone Price Range Price Range Price Range Steers - - Heifers - - Age Verified Cows - - Dry Fed Cows - - D1, 2 Cows 68.00-75.00 71.00-76.00 67.00-79.00 D3 Cows 65.00-70.00 54.00-65.00 Bulls 95.00-103.00 89.00-102.00 80.00-98.00 Feeder Cattle (medium & large frame lean) Steers (901+lb) - 163.00-172.00 155.00-173.00 (801-900) 165.00-174.00 169.00-179.50 160.00-182.00 (701-800) 175.00-188.50 175.00-192.00 170.00-194.00 (601-700) 190.00-216.50 192.00-217.00 187.00-220.00 (501-600) 210.00-229.50 214.00-233.00 200.00-231.00 (401-500) 215.00-236.00 222.00-246.00 200.00-240.00 Heifers (901 +lb) - 150.00-157.50 140.00-160.00 (801-900) 150.00-165.00 163.00-161.00 150.00-168.00 (701-800) 155.00-170.00 158.00-171.00 155.00-178.00 (601-700) 170.00-180.00 168.00-188.00 160.00-193.00 (501-600) 180.00-200.00 181.00-202.00 170.00-203.00 (401-500) 190.00-212.00 198.00-215.00 185.00-212.00 Railgrade Cattle Prices - Winnipeg ($/lb) Current Week Last Week Grade "A" Steers/Heifers (Select) 2.60-2.60 2.60-2.60 D1,2 Cows 1.37-1.56 1.39-1.56 Wholesale Beef Prices - United States - Choice (600-900 lb) US$/cwt Carcass Price Equivalent Index Boxed Beef Cutout Value Current Week Last Week Current Week Last Week $204.48 $199.54 $226.04 $221.29 3

CME Futures (US$/cwt) Fed Cattle Close Chg Feeder Cattle Close Chg Hogs (lean carcass) Close Chg April 128.95-0.90 March 142.90 0.03 April 57.73-0.08 June 120.35 0.20 April 146.00-0.15 May 66.58-0.10 August 116.53 0.63 May 147.08-0.18 June 75.53 0.23 October 116.65-0.02 August 151.80 0.20 July 77.98-0.02 December 119.38 0.05 September 152.65 0.58 August 78.83-0.30 February 2020 120.73 0.22 October 152.90 0.68 October 68.58-0.03 April 2020 121.08 0.40 November 152.40 0.58 December 64.13 0.33 June 2020 114.25 0.50 January 2020 148.98 1.50 February 2020 67.70 0.38 August 2020 112.20-0.05 April 2020 70.90 0.63 May 2020 75.33 0.92 June 2020 79.98 0.15 July 2020 80.00-0.45 Maple Leaf Sig #5 - Contract Prices Top of Range (MFL Delivered) - Thursday Price (C ) Hog Price Averages E - Estimation April 138.11 Manitoba May 160.30 June 183.86 July 180.52 August 181.37 September 167.86 October 159.49 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) March 8, Week Ending: March 1, February 22, Last Year 154E 150.35 153.34 172.82 143E 140.04 142.85 160.16 124.73 125.17 129.17 157.96 126.51 128.71 132.96 161.13 November 155.44 Sows #1 (+500 lb) N/A N/A N/A N/A December 143.98 Sows #1 (-500 lb) N/A N/A N/A N/A Sows #2 N/A N/A N/A N/A Sows #3 N/A N/A N/A N/A Boars #1 (127-272 ) N/A N/A N/A N/A Boars #2 (272-317 ) N/A N/A N/A N/A Boars #3 (<94 and >314 ) N/A N/A N/A N/A 4

Weanling Pig Prices (C$/head) Week Ending - March 1, US National Direct Delivered Spot Price Range Contract Price Range (10 lbs, 40 lbs) 5- Isowean Pig N/A - N/A N/A - N/A 48.90-75.92 23- Weanling Pig N/A - N/A N/A - N/A 81.95-96.48 Ewes & Lambs - Week Ending - March 8, Winnipeg 145 Head ($/cwt) Wooled Feeders Wooled Fats Hair Lambs Lambs: (110 + lb.) - 170.00-178.00 - (95-109 lb.) - 188.00-231.00 - (80-94 lb.) - 225.00-240.00 - (Under 80 lb.) - 230.00-248.00 - (New Crop) - - - Ewes - Choice - 158.00-178.00 - - Medium/Plain - 140.00-156.00 - ($/cwt) Toronto Volume Ewes 144.68-219.84 719 Lambs: (110 + lb.) 204.23-260.16 252 (95-109 lb.) 247.99-289.69 528 (80-94 lb.) 278.18-328.14 338 (Under 80 lb.) 311.16-389.97 851 (New Crop) - Lambs Base Price (40-61.9 lbs dress weights - rail) Price range off of base Lambs: (50-100 lb.) Goats: - Week Ending - March 8, Winnipeg 20 Head Toronto Volume ($/head) Feeders Fats ($/cwt) Billys - - Mature 124.99-342.11 392 Nannys - Choice - - - Medium/Plain - - Kids - Choice - 190.00-290.00 Kids 146.63-443.90 888 - Medium/Plain - - Horses: Toronto ($/cwt) <1,000 lb. 22.50-67.50 1,000 + lb. 33.45-88.04 5

Slaughter and Grading Reports Week ending Hog Slaughter Cattle Slaughter Week ending March 1, Previous Year March 1, Previous Year Canada 427,557 429,956 59,425 57,378 East 257,604 261,822 13,551 13,198 West 169,953 168,134 45,874 44,180 Manitoba * 114,378 109,890 N/A N/A U.S. 2,449,000 2,419,000 603,000 611,000 * - Hog Slaughter includes estimates for Manitoba and Saskatchewan - Cattle Slaughter only Western Canada reported. Cattle Grades (Canada) Week ending March 1, Previous Year Cattle Classes (Canada) Week ending March 1, Previous Year Prime 1,616 1,114 Steers 29,399 28,303 AAA 31,010 28,622 Heifers 18,295 18,119 AA 13,372 12,889 Cows 11,552 10,621 A 620 528 Bulls 179 335 B 778 595 Calves 3,673 3,942 D 9,388 9,911 E 139 313 US Weekly Price and Production Summary, LMIC http://www.lmic.info/spreadsheet/prices-and-production Canadian Red Meat Market Information, AAFC http://www.agr.gc.ca/redmeat-vianderouge/index_eng.htm 6

Number of Total Cattle, Feeders and Calves Sold Through Manitoba Auction Markets, 2017 - (monthly and year-to-date total) Total Cattle Sold in February Total Cattle (February) Markets: 2018 2017 as a % of 2018 Cumulative Total 2018 Cumulative Total 2017 Cumulative Total as a % of 2018 Ashern 7,355 6,185 6,240 119 10,412 8,522 8,897 122 Brandon 3,711 4,854 7,933 76 6,121 8,462 11,225 72 Gladstone 3,753 3,433 3,831 109 5,632 4,635 5,611 122 Grunthal 2,502 3,797 3,723 66 3,879 5,279 5,514 73 Killarney 4,709 3,495 4,672 135 6,920 6,030 7,848 115 Pipestone 702 N/A N/A N/A 1,226 N/A N/A N/A Ste. Rose 4,217 5,418 5,710 78 9,665 11,001 12,215 11 Virden 8,534 9,398 10,803 91 15,239 16,743 17,588 58 Winnipeg 3,265 4,970 5,210 66 5,825 7,325 7,655 208 TOTAL 38,748 41,550 48,122 93 64,919 67,997 76,553 95 a Includes duplication if animal is sold more than once. PS: Total Cattle data collection started in 2010. SOURCE: Manitoba auction markets; prepared: March 8, 2018 Contact us Go to manitoba.ca/agriculture and click on Markets and Statistics Email us at industryintelligence@gov.mb.ca Call us at 204-945-3503 Follow us on Twitter @MBGovAg 7