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Old 02-08-2020, 03:43 PM   #1
justindfw
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Default Record price for junior steer

https://www.nbcdfw.com/news/local/fo...00000/2307530/
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Old 02-08-2020, 04:03 PM   #2
Bowtech38
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That’s a expensive hamburger
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Old 02-08-2020, 04:06 PM   #3
AgHntr10
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Craziest part about it to me was seeing a pair of Herefords going 1 & 2 in a major show.....
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Old 02-08-2020, 04:14 PM   #4
justindfw
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Heck of a payday for a 12 yr old. He put some work in to win it I'm sure.
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Old 02-08-2020, 04:49 PM   #5
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Someone in a different tax bracket than most of us needed a tax right off.
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Old 02-08-2020, 09:25 PM   #6
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Someone in a different tax bracket than most of us needed a tax right off.
Who has 300gs for a steer...because they like it.
That's just crazy money. Congrats to the kid and his family
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Old 02-08-2020, 09:29 PM   #7
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I am blessed to know and have worked with the Day family. They are top notch all the way around! I can only imagine the excitement!
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Old 02-08-2020, 09:35 PM   #8
ccolley68
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Meh, $700K+ at Houston last year, FW gotta be better.

Just kidding around, I’m on the steer auction committee for Houston, and when those first few start going for those huge numbers, it’s pretty exciting in there.
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Old 02-08-2020, 09:37 PM   #9
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I hear they are a fantastic family, my kids Ag teacher buys most of the steers from him. I’ll be headed up there March 6 to get next years steer.
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Old 02-08-2020, 09:41 PM   #10
ttaxidermy
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AWESOME!!! Good stuff...
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Old 02-08-2020, 10:02 PM   #11
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Kid and family seem to be genuinely nice. Congrats to them. Lots of time and money put into that project.
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Old 02-09-2020, 07:32 AM   #12
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Originally Posted by ccolley68 View Post
Meh, $700K+ at Houston last year, FW gotta be better.

Just kidding around, Iím on the steer auction committee for Houston, and when those first few start going for those huge numbers, itís pretty exciting in there.
Meh, and the kid gets less than a 100K of that at Houston and in FW they get every penny.

I loved showing at Houston and if my daughters want to we will show there when they are older but the way they distribute the money is a crock. Its borderline socialism where kids/families that put into it for years can end up with nothing and someone who has never been involved at any level can be awarded a scholarship for 5 figures.
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Old 02-09-2020, 07:42 AM   #13
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Meh, and the kid gets less than a 100K of that at Houston and in FW they get every penny.



I loved showing at Houston and if my daughters want to we will show there when they are older but the way they distribute the money is a crock. Its borderline socialism where kids/families that put into it for years can end up with nothing and someone who has never been involved at any level can be awarded a scholarship for 5 figures.


I couldnít have said this any better


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Old 02-09-2020, 07:52 AM   #14
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Originally Posted by AgHntr10 View Post
Meh, and the kid gets less than a 100K of that at Houston and in FW they get every penny.

I loved showing at Houston and if my daughters want to we will show there when they are older but the way they distribute the money is a crock. Its borderline socialism where kids/families that put into it for years can end up with nothing and someone who has never been involved at any level can be awarded a scholarship for 5 figures.
Now I'm all for you win you get all the money but it shouldnt have to do with how many years you've been involved. If someone shows up with the best animal their first year then "pay that man his money".
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Old 02-09-2020, 07:55 AM   #15
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Now I'm all for you win you get all the money but it shouldnt have to do with how many years you've been involved. If someone shows up with the best animal their first year then "pay that man his money".
I agree with that as well. I was referencing the scholarships that are paid out every year to kids that never contributed or even stepped foot on rodeo grounds outside of a concert.
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Old 02-09-2020, 08:23 AM   #16
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When it comes to beef, my knowledge is limited to cooking and eating it.

How does paying 300k for a animal that can't reproduce make any sense?

It's not a "tax write off" that makes any sense either.

If you want a write off for an ag business, but some equipment or make some improvements.

Is it a case of "I've got the biggest belt buckle and the tallest hat and my boots are the pointiest too."?
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Old 02-09-2020, 08:42 AM   #17
AgHntr10
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When it comes to beef, my knowledge is limited to cooking and eating it.

How does paying 300k for a animal that can't reproduce make any sense?

It's not a "tax write off" that makes any sense either.

If you want a write off for an ag business, but some equipment or make some improvements.

Is it a case of "I've got the biggest belt buckle and the tallest hat and my boots are the pointiest too."?
People that have been very successful in the show cattle business giving back to the youth.
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Old 02-09-2020, 09:23 AM   #18
Gary Roberson
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Congratulations! Great to see a Hereford win it all. Is it true that it is also a Polled Hereford?
Adios,
Gary
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Old 02-09-2020, 09:26 AM   #19
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That’s the big news. A Hereford. I think that’s awesome. When I picture stock shows and feed lots I see my dads old show pics from the majors and they are all herefords. Just an image I have so glad to see it happen
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Old 02-09-2020, 10:13 AM   #20
Gary Roberson
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Even more special for it was a Polled Hereford. My Grandfather raised registered Polls, starting in the 40's and then started crossing with Brahmans. Brings back a lot of memories.
Adios,
Gary
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Old 02-09-2020, 10:19 AM   #21
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Originally Posted by Gary Roberson View Post
Congratulations! Great to see a Hereford win it all. Is it true that it is also a Polled Hereford?
Adios,
Gary
Yes sir Breed Champ Polled Hereford took Grand overall and the Breed Champ Hereford was Reserve over all.
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Old 02-10-2020, 10:43 AM   #22
Gary Roberson
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Long live the Bold Breed!!!!!
Adios,
Gary
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Old 02-10-2020, 03:58 PM   #23
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Originally Posted by AgHntr10 View Post
Meh, and the kid gets less than a 100K of that at Houston and in FW they get every penny.

I loved showing at Houston and if my daughters want to we will show there when they are older but the way they distribute the money is a crock. Its borderline socialism where kids/families that put into it for years can end up with nothing and someone who has never been involved at any level can be awarded a scholarship for 5 figures.
PREACH ON MY BROTHER!!!

Houston's payouts are a joke. The show is great. The auction is nothing more than pure BS.
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Old 02-10-2020, 07:21 PM   #24
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A Hereford.
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Old 02-10-2020, 07:28 PM   #25
BrandonA
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Originally Posted by AgHntr10 View Post
Meh, and the kid gets less than a 100K of that at Houston and in FW they get every penny.

I loved showing at Houston and if my daughters want to we will show there when they are older but the way they distribute the money is a crock. Its borderline socialism where kids/families that put into it for years can end up with nothing and someone who has never been involved at any level can be awarded a scholarship for 5 figures.
I agree that the payout is a joke. But to say that someone who never put anything in gets x dollar scholarship is a bit extreme. Pretty sure those kids busted their *** to get that scholarship as well
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Old 02-10-2020, 07:28 PM   #26
flywise
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I dont know anything about these shows. I have heard that the kid who's dad knows some really wealthy people will typically get big money for his animal. Does the kid the wrong side of the tracks make his money back or make enough to buy his first house with cash?
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Old 02-11-2020, 09:28 AM   #27
ccolley68
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Originally Posted by AgHntr10 View Post
Meh, and the kid gets less than a 100K of that at Houston and in FW they get every penny.

I loved showing at Houston and if my daughters want to we will show there when they are older but the way they distribute the money is a crock. Its borderline socialism where kids/families that put into it for years can end up with nothing and someone who has never been involved at any level can be awarded a scholarship for 5 figures.
You are correct, they donít get the full amount. They used to, but when the numbers the top animals were going for got so big, they made the decision to tier it down. The kids still get a sizable chunk, but not $700k.

For those who donít know, the money earned in these shows isnít scholarship money, or a trust set up for the kid to use for school. The HLSR just cuts a check to the kid when they leave. They can do whatever they want with the money. The hope and intention is that it does go towards furthering their education, but if they want to walk out and buy a corvette, they can do that as well.

Obviously no animal in a show like that is actually worth $700k, but these big shows like Houston and Fort Worth, itís just a way for successful people, both in the cattle business and not, to give back. In Houston, itís the same people usually bidding on the animals at certain levels every year. The champion has been bought by the same group for the last several years, and each year they want to out bid their previous years bid. Itís for a good cause, and they get little in return for it in terms of the animal.

Houston is a terminal auction, which means itís the last run for the kids and their animals. The buyer doesnít get the animal to put out to pasture, or put on display. It walks off the stage, goes to a round of holding pens for mere minutes, and goes off to the slaughter house. The buyer gets a picture with the kid and animal backstage, an HLSR buckle, the hide, and a package of meat if they choose (not the meat of that actual steer).

While the top line animals go for well over market value, and well over the amount the kids actually get, there are still 400+/- other animals coming down the auction block that day. Some wonít get near what the kids and their families have put into it via the auction. By tiering the winnings at the top, combined with the HLSR guarantee, and the Steer Auction Committeeís raised funds, this allows for the kids at the end of the auction to go home with a little as well. The HLSR guarantees i believe $2,875 minimum to every kid that shows, regardless what they sell for in the auction. The Steer Auction Committee raises additional funds to add onto that minimum. Last year, we were able to guarantee that every single kid walks out of there with no less than around $6,000, no matter how low the bid price on their animal was.

I donít know how Fort Worth works, but Houston raises scholarship money for numerous kids, not just the livestock show events and exhibitors themselves. By tiering the winnings at the top, that allows for some of the money to go to other children who could also use the scholarship opportunity. A kid in the show still could walk away with tens of thousands of dollars for school, and another needy kid in town gets an opportunity as a result, instead of one child walking away with over half a million dollars to do with as they choose.

I understand some have mentioned it has socialist tones, and it certainly does, but itís a non-profit organization raising money for childrenís education opportunities. If the organization can help 4 kids with the money raised by one champion steer bid instead of just one, Iím ok with that.
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Old 02-11-2020, 10:58 AM   #28
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Wow
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Old 02-11-2020, 11:52 AM   #29
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So happy for this boy and his family. Good stuff right there.
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Old 02-11-2020, 12:49 PM   #30
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Thats why I have Hereford bull on my cows winning! Congrats to the family! Awesome!
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Old 02-11-2020, 12:53 PM   #31
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I agree that the payout is a joke. But to say that someone who never put anything in gets x dollar scholarship is a bit extreme. Pretty sure those kids busted their *** to get that scholarship as well
Wrong. Kids that dont show, have never showed, an never will show get scolarships too.
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Old 02-11-2020, 02:01 PM   #32
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Wrong. Kids that dont show, have never showed, an never will show get scolarships too.
And those kids also have busted their tale to get those scholarships.
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Old 02-11-2020, 02:01 PM   #33
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He’s about to learn a lesson about Taxes!

Can anyone correctly pronounce the town that kid is from?
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Old 02-11-2020, 03:41 PM   #34
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Houston is a terminal auction, which means itís the last run for the kids and their animals. The buyer doesnít get the animal to put out to pasture, or put on display. It walks off the stage, goes to a round of holding pens for mere minutes, and goes off to the slaughter house. The buyer gets a picture with the kid and animal backstage, an HLSR buckle, the hide, and a package of meat if they choose (not the meat of that actual steer).
You mean to tell me for 7/10 of a million dollars for a specific steer, I can't even fill my freezer with that sumbitch?
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Old 02-11-2020, 04:12 PM   #35
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You mean to tell me for 7/10 of a million dollars for a specific steer, I can't even fill my freezer with that sumbitch?
Thatís what I was thinking... whereís the meat go then? Itís already been bought and paid for.
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Old 02-11-2020, 04:31 PM   #36
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You mean to tell me for 7/10 of a million dollars for a specific steer, I can't even fill my freezer with that sumbitch?
If someone pays 7/10 of a million dollars for a specific steer, they probably aren't buying their own meat or cooking.... anything....
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Old 02-11-2020, 07:27 PM   #37
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Old 02-11-2020, 07:36 PM   #38
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Heís about to learn a lesson about Taxes!

Can anyone correctly pronounce the town that kid is from?
I can I can!
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Old 02-11-2020, 07:58 PM   #39
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Personally I think the stock show circuit is silly, Lots of politics at local shows and I feel like it comes down to whose parents have the most to invest in that project. Kind of a strange concept, lots of keeping up with the Jones’. Competition has driven the price of animals up so much that the average Joe can’t hardly afford to show anymore. Our kids have animals Of all types to teach them responsibility. I know this is a sensitive subject but just my two cents.
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Old 02-11-2020, 08:42 PM   #40
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Originally Posted by AgHntr10 View Post
Meh, and the kid gets less than a 100K of that at Houston and in FW they get every penny.



I loved showing at Houston and if my daughters want to we will show there when they are older but the way they distribute the money is a crock. Its borderline socialism where kids/families that put into it for years can end up with nothing and someone who has never been involved at any level can be awarded a scholarship for 5 figures.


Amen. And the worst part is the bidders have no idea that the exhibitor does not get 100% of the money.


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Old 02-11-2020, 08:54 PM   #41
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I can I can!
Meh-duh!
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Old 02-11-2020, 09:03 PM   #42
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Why would anyone go to Houston when they could make a ton more in FW? Logistics?
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Old 02-11-2020, 09:07 PM   #43
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You mean to tell me for 7/10 of a million dollars for a specific steer, I can't even fill my freezer with that sumbitch?
No, you DO get the meat, just not the meat from that specific steer, at least in Houston. You can choose the steak package, approx 111 pounds of steak cuts from one animal, or the whole steer package, approx 300 additional pounds of everything else, processed, packed, and ready to go. That said, most people opt to not get the meat anyway. They used to give you the meat from the specific animal you bought, but the logistics of keeping track of it through the process, coupled with the inconsistencies with all the different breeds that go through the auction, they opted to just have a straight across the board contract with a processor for meat, so everyone gets a uniform Choice set of meat. But like others said, the guys spending that kind of money arenít grilling steaks on their Weber every Friday and Saturday night.
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Old 02-11-2020, 09:16 PM   #44
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Amen. And the worst part is the bidders have no idea that the exhibitor does not get 100% of the money.


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Incorrect. In Houston, they know in advance, and are told how the awards tier to the kids. These are not your county livestock auction barn. The wool is not pulled over anyoneís eyes how all of it works. The kids know how the payouts work, and the bidders know how the payouts work.
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Old 02-11-2020, 11:13 PM   #45
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I just happen to know the buyers. Gary and Kathy Buchholtz are some of the most kind hearted generous people I've ever met. They've been in the Hereford business for a long long time. They've also fostered more than a dozen kids, half of whom stayed on the ranch to work for them.

I asked Kathy about this steer. I was thinking perhaps GKB had the genetics that produced this steer. It would be a wonderful marketing ploy. Nope, no genetics.

I also thought they would use him for shows to promote GKB. Nope. They've got great bulls and heifers in their own right.

Then why? It promotes ranching and the Hereford breed and it supports youth in livestock production. It's how they are giving back to an industry they believe in.
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Old 02-11-2020, 11:14 PM   #46
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And this steer won't be slaughtered right away but he will be eventually.
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Old 02-12-2020, 07:16 AM   #47
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Now I know why my steaks are so expensive. Geez
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Old 02-12-2020, 07:19 AM   #48
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Great deal all the way around.

-john
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Old 02-12-2020, 08:09 AM   #49
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Awesome!
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Old 02-12-2020, 08:28 AM   #50
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Quote:
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People that have been very successful in the show cattle business giving back to the youth.
Gotcha. That makes sense.
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