AVERAGE PRICES RECEIVED BY IOWA FARMERS STEERS & HEIFERS - DOLLARS PER CWT. (MARKET YEAR IS JANUARY-DECEMBER) --------------------------------------------------------------------------- 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 --------------------------------------------------------------------------- JAN 23.30 20.70 22.40 17.90 19.00 23.70 26.70 24.20 25.10 24.20 FEB 21.00 20.40 20.90 17.40 18.40 24.10 25.60 24.40 24.00 24.20 MAR 19.60 20.20 20.70 17.30 19.30 25.10 26.80 25.20 23.80 24.20 APR 19.50 21.20 20.80 18.10 20.50 25.80 27.50 25.20 23.40 24.40 MAY 19.70 21.60 20.30 18.40 21.00 26.80 27.70 25.20 22.10 24.20 JUN 19.30 21.40 20.50 18.90 21.40 25.80 26.60 24.20 21.60 23.60 JUL 21.50 20.50 20.70 19.40 23.00 25.70 26.60 23.90 21.20 24.10 AUG 21.00 20.90 20.10 22.50 23.30 24.60 26.60 23.00 23.00 25.80 SEP 21.30 21.70 20.80 23.00 22.60 25.40 26.30 23.00 23.00 26.30 OCT 20.60 21.70 20.10 22.00 21.90 25.40 24.60 23.00 23.20 26.70 NOV 19.80 21.90 18.80 21.00 23.00 26.00 24.10 23.60 23.70 27.50 DEC 20.00 21.50 17.90 19.00 23.30 25.90 23.50 24.70 24.20 26.40 MARKET YR AVG 20.50 21.20 20.30 19.50 21.40 25.40 26.00 24.10 23.10 25.20 PRICE --------------------------------------------------------------------------- 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 --------------------------------------------------------------------------- JAN 25.60 21.80 22.20 25.00 24.40 24.90 27.10 28.60 27.80 34.70 FEB 23.30 20.20 21.60 25.80 23.50 26.40 27.00 29.20 31.70 35.00 MAR 21.60 20.80 21.80 27.10 23.20 26.10 28.20 31.10 30.80 34.70 APR 22.90 20.00 22.60 26.10 23.70 26.10 29.10 30.70 31.30 33.60 MAY 21.70 19.20 24.20 25.30 24.40 25.60 32.10 30.30 32.40 35.20 JUN 22.00 19.50 25.30 24.70 24.90 26.00 33.30 30.10 31.60 37.00 JUL 24.00 21.70 25.00 24.10 25.70 26.70 31.20 30.50 31.60 37.30 AUG 23.80 22.90 25.00 24.80 25.90 26.50 29.80 29.20 32.30 35.50 SEP 22.70 23.50 24.70 24.90 26.10 27.00 28.50 28.90 31.80 35.40 OCT 23.00 23.50 24.30 24.50 25.30 26.30 27.40 28.50 31.50 35.20 NOV 22.30 22.50 23.40 23.40 24.80 26.50 27.30 26.60 32.80 33.20 DEC 20.10 22.00 24.60 23.40 25.00 26.90 27.60 26.20 33.10 36.10 MARKET YR AVG 22.70 21.40 23.80 24.80 24.80 26.30 29.10 29.30 31.50 35.30 PRICE --------------------------------------------------------------------------- 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 --------------------------------------------------------------------------- JAN 39.90 46.30 33.90 39.00 35.60 41.40 61.20 68.30 63.20 58.40 FEB 43.20 46.20 31.10 37.80 35.70 42.90 64.70 69.50 61.30 60.00 MAR 45.80 43.20 32.80 34.70 35.60 47.30 72.70 66.50 61.40 63.80 APR 44.30 40.80 38.20 41.60 37.50 49.70 73.90 64.50 64.00 65.90 MAY 45.50 39.10 44.50 38.60 40.20 54.20 72.50 67.00 65.10 68.80 JUN 45.80 35.00 46.40 39.00 37.10 55.20 70.20 65.40 66.70 67.40 JUL 48.60 40.40 44.80 36.30 39.00 53.60 66.70 68.70 65.10 63.60 AUG 54.60 44.00 40.10 35.60 38.30 49.80 64.30 70.60 64.80 62.70 SEP 48.50 39.60 43.70 35.70 38.40 54.50 69.30 68.70 63.80 60.60 OCT 42.50 37.20 41.70 36.40 39.50 54.00 67.80 67.20 60.50 57.40 NOV 40.50 34.50 40.50 36.30 38.80 53.10 67.80 65.90 58.90 57.70 DEC 36.70 33.10 41.30 37.50 39.80 54.30 67.00 64.20 57.00 57.30 MARKET YR AVG 44.20 39.90 40.00 37.30 38.00 51.10 68.00 67.20 62.40 61.70 PRICE --------------------------------------------------------------------------- 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 --------------------------------------------------------------------------- JAN 59.60 64.80 62.80 58.30 59.30 69.10 75.80 78.40 84.20 71.40 FEB 60.70 64.00 62.50 55.90 61.70 70.10 74.70 77.90 81.20 74.70 MAR 62.80 65.60 59.30 55.20 61.70 71.80 76.00 77.60 80.30 74.80 APR 65.60 65.70 58.60 53.50 65.80 73.00 74.70 77.80 80.10 75.70 MAY 65.10 62.00 57.80 54.80 67.20 73.40 74.00 77.50 77.80 74.60 JUN 64.30 62.30 56.90 53.30 67.50 70.60 71.50 75.60 75.20 72.90 JUL 61.00 63.20 52.60 56.10 65.70 65.60 70.40 76.40 72.40 72.30 AUG 59.70 60.00 51.30 58.40 64.10 66.80 72.30 77.60 68.50 72.70 SEP 58.30 61.10 51.10 58.60 65.50 68.80 69.60 76.90 68.50 73.30 OCT 58.60 59.80 57.30 58.70 65.80 69.50 70.40 78.50 70.20 73.90 NOV 57.80 61.70 60.90 60.10 64.50 71.20 74.30 80.30 67.30 74.80 DEC 60.60 63.80 60.00 59.40 65.20 72.50 75.70 82.00 69.00 75.90 MARKET YR AVG 61.20 63.10 57.50 57.00 64.40 70.20 73.40 78.10 75.10 73.90 PRICE --------------------------------------------------------------------------- 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 --------------------------------------------------------------------------- JAN 79.50 71.40 70.10 64.30 64.40 66.40 61.00 68.80 77.40 75.50 FEB 78.90 72.10 72.00 62.10 64.70 64.10 62.50 69.30 79.80 75.00 MAR 81.00 74.80 70.70 61.70 67.50 61.90 63.70 69.50 79.80 69.00 APR 81.80 75.10 66.60 59.80 68.40 63.70 65.40 72.50 81.70 65.60 MAY 80.20 71.20 63.50 57.60 68.70 66.00 64.10 72.30 76.40 64.30 JUN 78.80 64.60 63.70 60.70 66.50 63.60 65.00 72.00 74.60 62.90 JUL 74.00 62.10 62.70 62.60 65.10 59.30 63.90 69.50 72.10 60.60 AUG 74.00 67.00 62.70 64.30 67.00 59.70 64.50 67.70 70.80 62.10 SEP 73.30 65.10 61.80 67.70 66.20 58.70 64.70 66.40 68.20 61.10 OCT 70.20 65.20 63.00 69.10 66.70 59.00 66.50 67.80 67.60 62.80 NOV 71.20 67.60 65.40 69.90 68.60 60.70 70.40 71.30 67.00 67.20 DEC 70.80 67.10 66.30 67.40 66.40 60.60 69.40 73.40 66.10 71.80 MARKET YR AVG 76.10 68.90 65.50 63.70 66.70 61.90 65.10 70.00 73.10 66.40 PRICE --------------------------------------------------------------------------- 2003 2004 2005* 2006 2007 2008 2009 2010 2011 2012 --------------------------------------------------------------------------- JAN 76.80 90.60 95.50 FEB 74.50 84.30 94.70 MAR 73.90 88.30 95.00 APR 75.70 88.50 96.00 MAY 76.40 89.00 93.40 JUN 75.80 87.50 84.80 JUL 73.90 83.70 78.00 AUG 79.60 88.00 77.50 SEP 86.70 86.70 88.90 OCT 97.80 85.30 92.00 NOV 101.00 88.10 DEC 93.10 91.80 MARKET YR AVG 82.40 87.50 PRICE --------------------------------------------------------------------------- *Preliminary.