simme
Old Dumb Guy
Anybody know anything about this deal? Poss Deadwood is an angus bull "sold" at their annual bull auction at Poss Angus in Nebraska Feb 5th. Video of the sale and sale results show that he sold for $900,000 to TK Cattle Company in Menard, TX. Poss sale catalog from Feb 5th states that they are selling "100% semen interest and possession" and that "semen orders have been heavily accumulating since last summer and will go along with the sale of the bull" and that all cattle sell under the terms and conditions recommended by the American Angus Association. Bull is apparently at a bull stud being collected.
The buyer TK Cattle had their second annual female sale March 20th where they auctioned 100 straws of semen on the bull. There were 20 lots of 5 straws each. Sale report shows that the total selling price for the semen was $223,500 for an average of $2335 per straw.
This past Sunday March 21st, a third party angus breeding and marketing consultant working with Poss Angus announced on his FB page that the buyer at the Feb 5th sale had not complied with the terms and conditions of Poss and the AAA. That the Feb 5th purchaser had been released from his purchase obligation and that the bull had since been sold to an angus outfit in California and then on Monday announced that 240 straws of semen would be auctioned off in the next few weeks followed by limited semen sales in the summer and fall. That no semen will sell after that for 2 years and that Poss would retain an annual allotment for in herd use. At least that is my understanding. I noticed that the text in the FB post did not match the video in the post in regards to semen availability in 2022.
AAA database shows today that the bull has not yet been transferred from Poss ownership. I suspect that people on the semen list that was passed on to the Texas buyer are upset. Not sure what happens with any semen that was purchased in the March 20th sale. Any of our Angus breeders have any insight and able to comment? Or mums the word. What went wrong? Is this a case of over extending or does the "what a wicked web we weave" saying come into play? Seems incredible to me. Not to mention looking bad. Suspect any deals that were made were not supposed to play out this way.
The buyer TK Cattle had their second annual female sale March 20th where they auctioned 100 straws of semen on the bull. There were 20 lots of 5 straws each. Sale report shows that the total selling price for the semen was $223,500 for an average of $2335 per straw.
This past Sunday March 21st, a third party angus breeding and marketing consultant working with Poss Angus announced on his FB page that the buyer at the Feb 5th sale had not complied with the terms and conditions of Poss and the AAA. That the Feb 5th purchaser had been released from his purchase obligation and that the bull had since been sold to an angus outfit in California and then on Monday announced that 240 straws of semen would be auctioned off in the next few weeks followed by limited semen sales in the summer and fall. That no semen will sell after that for 2 years and that Poss would retain an annual allotment for in herd use. At least that is my understanding. I noticed that the text in the FB post did not match the video in the post in regards to semen availability in 2022.
AAA database shows today that the bull has not yet been transferred from Poss ownership. I suspect that people on the semen list that was passed on to the Texas buyer are upset. Not sure what happens with any semen that was purchased in the March 20th sale. Any of our Angus breeders have any insight and able to comment? Or mums the word. What went wrong? Is this a case of over extending or does the "what a wicked web we weave" saying come into play? Seems incredible to me. Not to mention looking bad. Suspect any deals that were made were not supposed to play out this way.
