Archive for Sunday, August 12, 1990

AUCTION CLOSES DOUGLAS COUNTY FAIR

August 12, 1990

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The annual 4-H/Future Farmers of America livestock auction was the last event of the 1990 Douglas County Free Fair and it brought a sales total of nearly $20,000 more than last year's auction for area 4-H'ers.

Saturday night's auction sales totaled $89,591, up from last year's $69,661 sales total.

Before the auction each year, an agricultural committee looks at each head of livestock to be sold at the auction and determines what is called a base bidding price for each. The base price reflects a fair market price minus such costs as transportation and handling of the animal.

However, bidders are willing to pay far above the base bidding price to purchase those animals judged grand or reserve champion at the fair. The amount for which the animal sells above the base bid is called a premium and is used by the 4-H member typically to pay for raising another animal next year or for his or her education expenses.

THE 1990 auction, which had 148 entries and lasted about three hours, had a base sales total of $58,641 and a premium sales total of $29,950.

The Grand Champion Market Steer, owned by Angela Anders, Eudora, weighed 1,190 pounds. It received a base bid of .76 per pound and was purchased by the Lawrence Chamber of Commerce. The premium amount was $750 and the sale total was $1,654.40.

The Reserve Champion Market Steer, owned by Clint Christie, Baldwin, weighed 1,140 pounds. It received a base bid of .75 per pound and was purchased by Sallie Mae. The premium amount was $700 and the sale total was $1,555.

The Reserve Champion Market Lamb, owned by Kristen Dymacek, Eudora, wieghed 130 pounds. It received a base bid of .47 per pound and was purchased by Wempe Brothers Siding. The premium amount was $275 and the sale total was $336.10.

THE RESERVE Champion Market Barrow, owned by Wylie Taul, Baldwin, weighed 245 pounds. It received a base bid of .57 per pound and was purchased by the Lawrence Chamber of Commerce. The premium amount was $290 and the total sale was $429.65.

Sixty head of market steers weighing a total of 70,500 pounds had an average base bid of .72 per pound and brought a base total of $50,959.10. The average sale bid was $225.50 and the sale total was $64,489.10. Therefore, the premium paid on 60 head of steers was $13,530.

Forty-nine head of market lambs weighing a total of 5,721 pounds had an average base bid of .44 per pound and brought a base total of $2,555.86. The average sale bid was $181.22 and the sale total was $11,435.86. Therefore, the premium paid on 49 head of lambs was $8,880.

Thirty-nine head of market barrows wieghing a total of 9,086 pounds had an average base bid of .56 per pound and brought a base total of $5,126.88. The average sale bid was $193.33 and the sale total was $12,666.88. Therefore, the premium paid on 39 head of barrows was $7,540.

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