77th IBEP Bull Sale Summary

April 29, 2016


77th IBEP BULL SALE SUMMARY
High Average Price for IBEP

A nice crowd was on hand at the Springville Feeder Auction on Thursday, April 14 for the 77th IBEP Bull Sale. Over 125 buyers from several states registered to bid on 108 top quality bulls representing seven breeds. In addition, the sale was broadcast live via the internet by DVAuction Services. Two remote sites in Indiana viewed the sale, plus additional viewers throughout the U.S.

Bulls were in high demand and bidding was brisk. The sale average was $3,155, which is the fifth highest sale average for IBEP, and all but seven bulls sold. Auctioneer Mike Berger, Bremen, IN topped the sale with the 34th bull in the ring.

Angus bull #14 topped the sale at $7,500. Bull #14 was consigned by Bill Washburn, Olney, IL and sired by VAR Discovery 2240. His Performance Index was 100.0, with a Carcass Merit Index of 102.0. His EPDs were in the top 10% of the Angus breed for weaning weight, yearling weight, maternal milk, maternal calving ease, carcass weight, and three $ Indexes.

There were several other high-selling bulls. Angus #148 sold for $6,500. He was consigned by Fairfield Farms, Cox's Creek, KY and sired by Sitz Dollar Up 489Z.

Angus #127 sold for $6,100. He was consigned by Kiata Farms, Hamilton, OH and sired by Deer Valley All In.

Two bulls sold for $6,000. Angus #204 was consigned by KB Angus, Merritt, MI and sired by AAR Ten X 7008 SA. Angus #58 was consigned by Willer Timber Ridge, Greencastle, IN and sired by Hoover Dam.

Angus #17 sold for $5,800. He was consigned by Bill Washburn, Olney, IL and sired by VAR Discovery 2240.

Angus #188 sold for $5,300. He was consigned by Voogt Farms, Marne, MI and sired by Deer Valley All In.

Simmental #25 sold for $5,100. His Performance Index was 126.1, the highest in the sale. He was consigned by Eggersman Brothers, Brownstown, IN and sired by EBC Update Z11.

Three bulls sold for $5,000. Angus #145 was consigned by Fountain Farms Angus, Endeavor, WI and sired by Fountains Vaclav 65. Angus #212 was consigned by Kohli Farms, Circleville, OH and sired by GAR Composure. SimAngus #121 was consigned by Clear Water Simmentals, Milan, IN and sired by SAV Bismarck 5682.

Of the 108 bulls offered, 101 sold for an average of $3,155. Seven went to buyers at the remote sites, and six to other internet buyers. Bulls were purchased by 73 individuals from four states; 88 bulls were sold to Indiana buyers, 10 to Kentucky, two to Ohio, and one to Illinois.

On the tables below, note high-selling bulls of each breed and their consignor. Also, the number sold, average, and top for 53 auctions held at Springville, and the number sold and averages for each breed.

The 2016 Summer Performance Test began with delivery on Tuesday, April 26. The 78th IBEP Bull Sale will be held on Saturday afternoon, October 15, 2016 at the Springville Feeder Auction. The sale will be held in conjunction with the Springville Feeder Auction Association's Cow and Heifer Sale. Cows will begin selling at 2:00 pm, and bulls will sell immediately following. Be watching for details in the future.

 

High-selling Bull of Each Breed

Ear Tag

Breed (%)

Sale Price

Consignor

14 Angus (PB) $7,500 Bill Washburn, Olney, IL
25 Simmental (PB) $5,100 Eggersman Brothers, Brownstown, IN
121 SimAngus (50) $5,000 Clear Water Simmentals, Milan, IN
161 Hereford (PB) $3,400 Mark Feemster, Cambridge City, IN
93 Charolais (PB) $3,250 Harmon Charolais, Corydon, IN
56 Lim-Flex (40) $2,500 Watt Farms, Princeton, IN
111 Red Angus (75) $2,400 Noel Farms Red Angus, Shelburn, IN

 

Averages by Breed

   

Number of Bulls

 

Price

Breed

Top Price

Offered

N/S

Sold

Total

Avg.

Angus $7,500 83 7 76   $246,850 $3,248
Charolais $3,250 2 0 2   $6,150 $3,075
Hereford $3,400 6 0 6   $16,650 $2,775
Lim-Flex $2,500 1 0 1   $2,500 $2,500
Red Angus $2,400 1 0 1   $2,400 $2,400
SimAngus $5,000 11 0 11   $32,450 $2,950
Simmental $5,100 4 0 4   $11,650 $2,913
Total/Avg.   108 7 101   $318,650 $3,155

N/S = No Sale, did not bring $2,000 minimum bid.

 

IBEP AUCTIONS AT SPRINGVILLE (53)

Date

             No. Bulls Sold

             Average Price

               Sale Top

April 1990

103

$2,080

$4,300

October 1990

37

$2,093

$4,500

April 1991

126

$1,763

$4,700

October 1991

55

$1,556

$3,700

April 1992

123

$1,904

$3,200

October 1992

49

$1,615

$4,500

April 1993

115

$1,633

$3,950

October 1993

43

$1,977

$3,350

April 1994

125

$1,790

$3,350

October 1994

44

$1,772

$2,600

April 1995

101

$1,669

$3,650

October 1995

45

$1,621

$4,100

April 1996

101

$1,464

$4,400

October 1996

50

$1,387

$3,100

April 1997

118

$1,675

$4,400

October 1997

43

$1,695

$4,600

April 1998

105

$1,409

$4,500

October 1998

41

$1,622

$4,200

April 1999

109

$1,577

$4,800

October 1999

38

$1,382

$2,800

April 2000

128

 (3rd high)

$1,745

$7,000

October 2000

42

$1,577

$4,100

April 2001

113

$1,781

$7,200

October 2001

30

$1,687

$4,500

April 2002

114

$1,852

$4,600

October 2002

32

 

$1,586

 

$3,500

 

April 2003

119

 

$1,647

 

$4,700

 

October 2003

49

 

$1,722

 

$3,100

 
April 2004
100
 
$2,257
 
$5,100
 
October 2004
49
 
$2,310
 
$5,700
 
April 2005
136
 (high)
$2,046
 
$7,100
 
October 2005
45
 
$2,510
 
$5,300
 
April 2006
135
 (2nd high)
$2,160
 
$5,200
 
October 2006
52
 
$1,681
 
$3,700
 
April 2007
124
 
$2,163
 
$4,600
 
October 2007
37
 
$1,926
 
$3,600
 
April 2008
117
 
$2,155
 
$4,500
 
October 2008
52
 
$1,941
 
$5,200
 
April 2009
111
 
$2,015
 
$6,000
 
October 2009
33
 
$1,977
 
$5,000
 
April 2010 100   $2,349   $6,300  
October 2010 36   $1,908   $3,200  
April 2011 110   $2,782   $7,700  
October 2011 29   $2,909   $5,500  
April 2012 111   $2,871   $10,500  (2nd high)
October 2012 29   $2,941   $4,700  
April 2013 108   $3,290   $7,100  
October 2013 37   $3,077   $6,600  
April 2014 118   $3,826  (3rd high) $11,000  (high)
October 2014 37   $3,965  (2nd high) $8,750  (3rd high)
April 2015 97   $4,217  (high) $8,000  
October 2015 38   $2,958   $7,200  
April 2016 101   $3,155   $7,500  

 
53 Auctions

 
4,140

 
$2,134

 
$11,000

 

Map - Destinations of bulls sold in the 77th IBEP bull sale (pdf file)

Map - Destinations of bulls sold at all IBEP auctions (pdf file)


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