Vista 2012 Sale Catalog

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description

October 27, 2012

Transcript of Vista 2012 Sale Catalog

Page 1: Vista 2012 Sale Catalog
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Tuesday, November 6, 2012 will mark the beginning of the next four years of policy direction for our national government, and the

fifth presidential election since Vista Genetics was established. Unfortunately, it looks like the outcome of the presidential election will be

determined by only a handful of states. Nevertheless, the message that gets sent to whoever is elected president and to everyone serving in Congress is dependent on every single

voter. Our incumbent President has said that this election is about two “fundamentally different” views for the future of America. Although I do not agree with his interpretation of those views, I believe he is exactly right. We have the choice of allowing this country to travel for four more years down the path that it has been on for the last four years, or to insist on a new path, one that leads this country in an entirely different direction. That is not to suggest that any one person is capable of effecting extreme change; an aircraft carrier travelling at top speed cannot be turned on a dime, simply by changing its commander. But, unless its commander gives the order to turn the ship, it will never make any progress in a different direction. Those of us who choose not to vote, for whatever reason, send the message that it makes no difference on which path the country is directed. If that is not what you believe, then add your voice to the debate by voting. It may not change the outcome of the election, but it will at least let our leaders know in which direction you prefer to be led.

We’re a little off the beaten path, but easy enough to find; just eight miles north of D’Hanis, about an hour west of San Antonio.

to Uvalde & Del Rio

to Hondo & San Antonio

Sabinal D’Hanis

US HWY 90

FM 187 FM 1796

Utopia

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Not the easiest business, but the future looks pretty bright… The beef cattle business is not easy. If it was, everyone could make it work. But, the average

guy is just not equipped for a business where you are the production department, the marketing department, the procurement department, the construction department, the maintenance department, the asset management department, the risk management department, the long range planning department, the governmental affairs department, and the complaint department. Most people feel like they’ve really accomplished something if they’ve risen to the top of just one of these departments in their job.

And, it is all too common in this business for something major to going wrong: drought; flood; high feed prices; low cattle prices; mad cow scares; producer organizations pitted against each other. Often we’re faced with several of these issues all at the same time, but we’re still here doing what we do. The good news at the moment is that the cattle markets just keep staying up, partly attributable to a shortage of calves, and partly as a result of strong demand here and abroad. Quality beef is the preferred protein the world over.

I can say that with a bit more confidence today after spending thirty-six days this summer in China, and I’ve shared a some of what I experienced in this catalog. I believe that China holds tremendous potential for the U.S. beef industry as a growing number of Chinese aspire to place high quality beef at the center of their plate. The Chinese government won’t yet let them buy beef from us, but we have the beef that their people wish they had. The growing demand will eventually open this market to U.S. beef.

In the meantime, we will continue to produce the kind of bulls necessary to produce high quality beef in challenging environments. We demand more natural production from our cows than most purebred breeders can even imagine. We demand it, because it matters. Our longevity in this business is solely dependant on your continued patronage, and we know that you cannot continue to use Vista bulls if our genetics do not help you get where you want to go. We want to identify and eliminate the weaknesses in our genetics, so you don’t have to worry about it. No, we’re not perfect at catching everything, but we haven’t lasted this long without becoming better than average at delivering a quality product.

Questions, comments, concerns, and complaints are always welcome. We hope to see you sale day, even if you’re only dropping in for the meal and to visit. And, don’t worry; we’re serving American beef for lunch, as always.

Email us:

VISTA GENETICS the brand of sensible seedstock Jeff Diles - Virgil Boll

4465 FM 1796 D’Hanis, Texas 78850

(830) 363-6250 (210) 218-8887

www.sensibleseedstock.com

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Vantage on Value 2012 GENERAL SALE INFORMATION

ACCOMMODATIONS Best Western Hondo Inn, Hondo (830) 426-4466

Whitetail Lodge, Hondo (830) 426-3031 Executive Inn, Hondo (830) 426-2535

SALE ORDER We have penned the bulls in groups of 7 to 10 head for easy viewing, and the catalog is organized similarly. We will begin the sale with Lot 101 and continue in catalog order, unless otherwise announced from the block. BIDDING ASSISTANCE If you have any questions or need assistance in bidding, please let us know. If you are unable to attend the sale, feel free to send bids to Vista or the Auctioneer. We have representatives who work for our customers to fill sight-unseen orders carefully and professionally. We can also arrange for you to bid over the phone during the sale. If you would like to be on the phone for the sale, please make arrangements ahead of time by calling Jeff Diles (210) 218-8887, C. Jason Spence (830) 534-8229, or Ron McBee (573) 228-2517. And please remember, you don’t owe anything for the bull until you’ve seen him and are satisfied that he is what you expected for your money. VOLUME DISCOUNT Bull purchases of five or more will be discounted 5% at settlement. FREE DELIVERY For those purchasing three or more bulls, Vista will deliver bulls free of charge to central locations within 300 miles. Because loads will likely be made with bulls from several different purchasers, we can only guarantee to get your bulls within 100 miles of your ranch, although much closer in most cases. Vista can arrange delivery for purchases of less than three bulls, but there will be a per head charge due at settlement. If you would like your bulls delivered, please make sure to provide us with all necessary phone numbers at the time of settlement. We will begin delivering bulls immediately after the sale, and will strive to have most bulls delivered within the week following the sale. BREEDING GUARANTEE All bulls in this sale are guaranteed breeders as described in the sale “Terms and Conditions”. The bulls in this sale have not been fertility tested. All bulls in the sale have been visually inspected for defects or injuries to their reproductive organs and were found to be sound. We guarantee all the bulls in this sale to be capable of settling cows, however, it is important to remember that any bull can become temporarily infertile for numerous reasons. We recommend that all bulls be fertility tested at least 30 days prior to each breeding season. This will not prevent bulls from becoming infertile, but can head off a real disaster by finding a potential problem before it is too late. If a Vista bull fails a Veterinarian administered fertility exam within six months of the date of sale, Vista will pay the cost of the exam and

replace the bull with a bull of comparable quality, or grant the purchaser full credit for the purchase price less salvage value of the bull toward the purchase of another bull or any other Vista product. For additional peace of mind, Vista offers a free FIRST YEAR GUARANTEE on every bull purchased for $2500 or more. If your bull is unable to breed cows (for almost any reason; complete details available sale day), you are covered. We are confident that our bulls are some of the most dependable you can find, and we are committed to your COMPLETE SATISFACTION.

BULL INFORMATION If you need more information on any of the bulls in the sale, please do not hesitate to ask. We want you to feel completely comfortable with any bull that you may bid on or purchase. The catalog includes all of the genetic comparison information that we routinely utilize in making breeding decisions in our program.

FEEDING PROGRAM All Vantage on Value bulls are developed on forage. We utilize native grasses in the Spring and Fall, and small grains pastures in the winter with limited supplementation. During the Summer months the bulls are grazed on Coastal Bermuda and limit-fed a custom protein and energy supplement to maximize forage utilization. Our grow-out program is specifically designed to prepare the bulls for making their living on grass, and to ensure they will have a long and productive life for you.

RETAINED SEMEN INTEREST We are selling full possession, full salvage value, and ½ semen interest in each bull. This means that you have full control in how the bull is maintained, but that Vista Genetics will be a 50% partner in any future semen sales. If you sell the bull to another breeder or producer, Vista Genetics’ semen interest will be retained. You may purchase 100% semen marketing rights by paying twice the final sale price at the time of purchase. In the event 100% semen marketing rights are purchased in this manner, Vista Genetics will retain the right to not more than 100 units of semen for use within herd. Realistically, we expect this semen interest to be exercised on only about 1%-2% of the bulls we sell, and we are not retaining the right to access any bull for collection without the purchaser’s permission. HEALTH Interstate health papers will be provided for all animals sold. TB testing will be performed after the sale, if required. All bulls have had proper vaccinations for Blackleg, IBR, PI3, BVD, BRSV, Lepto, and Vibrio. All bulls have been de-wormed within the last 60 days.

INSURANCE As outlined in the “Terms and Conditions”, all animals become the risk of the purchaser at the time of sale. Bulls protected by Vista’s First Year Guarantee are excepted to the extent of the coverage provided by Vista’s First Year Guarantee. For the buyer’s convenience, livestock insurance is offered at settlement time through American Livestock Insurance Co. The cost is minimal, and we encourage all buyers to take advantage of the protection.

SALE DAY PHONES: (830) 363-6250 (210) 218-8887

AUCTIONEER: C. Jason Spence (830) 534-8229

Lunch at 11:30; Sale starts at 1:00

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The easily recognizable scents of straw, dust and manure filled the warm arid afternoon as a couple dozen red and white beef cows,

tethered side by side, watched over their days-old calves wandering about exploring their new world. The modest concrete and metal structure where the cattle were housed was relatively new and designed as a ‘convertible’; the temporary half of the roof had been removed to allow for ventilation. The surrounding low mountains draped in their farmland quilts of multiple hues of green interspersed with occasional patches of ambers and browns were visible through the open side of the roof. At the far end of the barn, one of the farm workers in slightly tattered and soiled blue coveralls and rubber boots was methodically sweeping the last bits of leftover silage from the dual purpose feed and water bunk that ran the length of the barn in front of the cows.

After eighteen years in the beef bull business, it was an encounter that was, at once, both familiar and foreign. The scene on this particular day was the backdrop for d i s c u s s i o n s o f genetic strategies, n u t r i t i o n a l challenges and the potential for cross-border business opportunities. And, in these particular discussions, I was engaging with beef producers, college professors and government officials of the People’s Republic of China (PRC). It was day two of an exploratory side trip to the Gansu Province to learn about the beef industry of China while on an extended break from summer law classes at Beihang University in Beijing. The classes were offered through the St Mary’s School of Law Institute on Chinese Law and Business.

When I began my career in the beef bull business in South Texas, I did not consider factoring in an option for a late-in-life, add-on career in law. The inclination to pursue the law seems now to have always been with me, and at 40-something,

had just naturally matured into action. Exposure to legal issues through business and life events had deepened my understanding of the importance of the law, and positive encounters with capable attorneys made it easier for me to see promise for myself within the legal profession. As odd as it might have been for most folks in my situation, the transition just seemed to make perfect sense for me.

The decision to enter law school, however, did not include the slightest inkling that I might study law in China; that development was altogether chance and circumstance. My perception of study-abroad programs had always been that they were designed primarily for students enjoying the benefits of

extensive parental support, and that the programs were of very little practical value to the average student. I now

realize that study-abroad programs are just like everything else in life; the benefit received is

directly proportional to the effort invested. Students who participate simply to

experience another culture and see an exotic land will likely gain little else. On the other hand, study-

abroad programs can provide an excellent occasion for some students to make

connections and build relationships that may significantly impact their future careers. There is an old Chinese

saying, “Shī fu lǐng jìn mén, xiū xíng zài gè rén,” that says it well: “Teachers open the door.

You enter by yourself.” For me, the St Mary’s China program offered the

opportunity to ‘catch more than one calf with a single loop.’ Participation in the program included the obvious objective of earning some summer school hours, and also the very real benefit of seeing some of the many wonders of one of the world’s oldest civilizations. Most importantly, however, the program offered the possibility of leveraging my past experience in a unique way by blending my beef production knowhow and my future law degree in the expanding Chinese beef market. I already had connections in the U.S. beef business with connections in China, and the courses available to me through the St Mary’s program were designed with an emphasis on

Jeff Diles

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doing business in China. My personal mission was to connect the dots and position myself to help facilitate trade in the beef cattle business between the U.S. and the PRC.

I arrived at the airport of the capital of Gansu Province early on a Monday morning to discover that unlike Beijing, Shanghai and Nanjing, the city of Lanzhou was not a tourist town, and I was one of very few ‘Gringos’ that pass through that airport. Lanzhou is on the historic Silk Road, the ancient route between the Tang Dynasty and Tibet. Lanzhou also marks the western frontier of China, as most of western China is desert, supporting little vegetation and dramatically fewer cities and towns. The airport had been built in a desert valley west of the city of seven million residents only because that was the closest place in the mountainous region that was suitable for the construction of runways that could handle commercial airliners. It turned out that the city and my contacts were an hour away by shuttle bus, but allowing for the fact that personal space is a very different concept in China than in Texas, the people were very hospitable and eager to help me find my way. Not really knowing what anyone was trying to tell me, I climbed aboard the bus trusting that I would end up close enough to my destination that my local contact would be able to find me. The bus drove straight to what seemed like the bustling center of downtown Lanzhou, and everyone began to disembark. So, I got off too. Most days I can go anywhere in Texas and not really be noticed, but on that busy street corner, wearing jeans and boots, standing a few inches taller than the average pedestrian, with more gray hair on my head and decidedly more mustache that they were used to seeing, I

could have just as easily been a purple giraffe. It was definitely a peculiar feeling, but Dr. Wangxinrong and his driver arrived shortly and whisked me away to the hotel and a restaurant just a few minutes away. In Beijing, most meals included rice, but in

Lanzhou noodles are the specialty. I was told by the locals that beef noodles were the number one breakfast dish in Lanzhou and that the dish could be found nowhere else in China; at least not prepared correctly. A bowl of hot, cold noodles was one of the favorites for lunch in nearby Kangle County. I tried everything that was recommended and found most of the food throughout China to be much less exotic than I had expected. There were very few restaurants that offered steak on the menu, but every restaurant I encountered offered some sort of a beef dish. I ate well the entire trip, but it turns out that eating with nothing but chop sticks for 36 days is a pretty good weight loss program.

Because I had previously marketed beef genetics into Australia, Brazil, Mexico and Venezuela, and directed the expansion of international marketing programs for the International Brangus Breeders Association in Central and South America, I was quite familiar with the notion of a global beef industry. China, however, has never been on my ‘Places to Market Bulls’ list, even though that list is intentionally left open-ended to include all potential customers. My simplistic pre-

conceptions were that Chinese citizens were probably not big on eating beef, and that there were probably very few beef cows in China. Those pre-conceptions, as it turns out, are both true and false, kind of like many of the first year law exam answers seemed to me.

China consumes very little beef on a per capita basis, but because of the multiplier effect of the massive Chinese population, the total consumption is roughly half of what is consumed in the U.S. annually. There is also roughly the same number of beef cattle in China as in the U.S., some 80 million head. Additionally, because of the rapid improvement in the standard of living for Chinese citizens over the last two decades, the demand for high quality beef has driven prices to $40 - $50 USD per pound versus $6 to $8 per pound for generic beef. These dynamics are creating significant challenges, as well as

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Facing page: Sign on one of the Chinese cattle barns; bronze ox statue from the Imperial Summer Palace outside Beijing; crop land in the Yellow River valley outside Lanzhou; some of my hosts, Dr.Wangjianfu, Dr.Chengshuru, Dr. Wangxinrong of the Gansu Agricultural University and Director Director Mashaofei of the Gansu Kangmei Modern Farming and Animal Husbandry Group Co., Ltd. This page: cattle barns of a thousand-cow beef production facility; the inside of a modern facility; the ‘control room’ of one of the Kangmei cattle facilities; Lanzhou beef noodles.

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Vista BraunviehVista Braunvieh

Braunvieh is one of the oldest pure breeds of cattle, not a cross or a composite. Braunvieh have established a solid reputation for

“branding” their offspring with outstanding fertility, global adaptability, quiet dispositions, superior udders, exceptional feedlot performance, and award winning carcasses. Although the breed originated in the mountains of Switzerland, we believe Braunvieh is destined to become one of the major breeds in the US beef industry.

The Vista Braunvieh program was originally established by the purchase of a load of “All Swiss” Braunvieh females from the US Meat Animal Research Center (MARC), Clay Center, NE. These cows were part of the genetics that proved, in the MARC research, that Braunvieh was the most productive breed, across all traits. For our goal of developing superior pasture and feedlot cattle, this was the perfect place to start. We have since added Fullblood and Purebred genetics from across the US and Canada to build one of the largest performance herds in the country.

The beef cattle market is changing; carcass traits are becoming more important to the profitability puzzle, but fertility is still the most important piece. Including Braunvieh in today’s commercial cow-calf business adds more pieces of the puzzle. The Braunvieh difference results in early maturing, fertile females, that rival all others in pounds of calf weaned per cow exposed, as well as, vigorous steers that finish quickly, producing high-yielding, high-quality carcasses. Increased conception rates, improved feedlot efficiency, higher quality grades, and better yield grades are just a few of the exciting reports we consistently receive from our loyal customers.

There is no other seedstock producer that is more committed to your success than Vista, and there is no other breed more uniquely positioned to facilitate the success of the cow-calf producer in a Value-Based marketing environment than Braunvieh.

DOB - Date of Birth; provided to assist in fair visual evaluation.

SCROTAL - Scrotal circumference is provided in centimeters; scrotal circumference is a good indicator of fertility and early maturity. Bulls were measured at yearling, and all bulls with less than 30 cm scrotal circumference were culled. The scrotal circumference provided in this catalog was taken on September 22, 2012.

FRAME – Adjusted Frame Score; Calculated from 3 hip height measurements for increased accuracy. Frame score is a convenient way of describing the skeletal size of cattle, because it changes relatively little as the animal increases in age and height.

VGR – Vista Growth Ratio; Indexing ratio to compare growth potential in the bulls as determined during grow out phase of production. The VGR is calculated from gain ratios and weight per day of age ratios. A value greater than 100 indicates better than average growth performance.

REA – Ultrasound Rib Eye Area Ratio.

R/CWT – Ultrasound Rib Eye Area per Hundred Pounds Ratio.

Considering both REA and R/CWT provides a much clearer picture of the differences in muscling between bulls. Because all of our bulls are grown out under the same conditions, it can be safely assumed that a great deal of the variation between bulls for REA and R/CWT is due to genetic differences for muscling. A ratio of greater than 100 indicates more overall muscling compared to the average of the contemporary group.

IMF – Ultrasound Intramuscular Fat Ratio; An IMF ratio of greater than 100 indicates more intramuscular fat (or marbling potential) compared to the average of the contemporary group.

Expected Progeny Differences. We place a great deal of emphasis on EPDs in our breeding programs, because they are the best estimate of the relative genetic value of beef cattle (for traits with an EPD). The breed percentile rank for each EPD is also included - the lower the number, the higher the bull ranks within the breed for that trait.

CED – Calving Ease Direct EPD; The probability that an animal’s calves will be born without assistance. A higher CED EPD indicates less calving difficulty.

CEM – Calving Ease Maternal EPD; The probability that an animal’s daughter will calve unassisted. A higher CEM EPD indicates daughters that will calve with less calving difficulty.

BW – Birth Weight EPD; A sire’s expected progeny difference (lb) for mature dam equivalent birth weight of calf. Progeny of sires with lower birth weight EPD values will generally be born with less calving difficulty.

WW – Weaning weight EPD; A sire’s expected progeny difference (lb) for 205-day, mature dam equivalent weaning weight. A sire’s weaning weight EPD is an indication of growth to weaning. It does not indicate milk production.

YW – Yearling weight EPD; A sire’s expected progeny difference (lb) for 365-day, mature dam equivalent yearling weight. The yearling weight EPD is a measure of growth from birth to one year of age.

MK – Milk EPD; The expected difference (due to milk production alone) in weaning weight of calves out of a bull’s daughters compared to calves from daughters of a bull with a zero milk EPD. A higher EPD indicates that the bull’s daughters should produce more pounds of calf due to increased milk production, but a higher EPD may also indicate a need for higher nutritional inputs to sustain the increased production.

MW – Maternal weaning EPD; The expected overall difference (lb) in weaning weight of calves out of a bull’s daughters compared to calves from daughters of a bull with a zero maternal weaning EPD. The maternal weaning EPD is a measure of both growth and milking ability.

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BRAUNVIEH BULLS Just like last year, the dominant sire in our Braunvieh offering is Basic Beef. When you find something that works well, it doesn’t make much sense to wander off in a new direction. This group of bulls is the heaviest muscled offering we’ve ever assembled. It is amazing that just a few years ago there were hardly any good polled bulls in the Braunvieh breed, but our 2012 sale includes 8 smooth-polled purebreds and 4 polled-scurred purebreds - 63% of the offering. Lot 101 is arguably the most complete Braunvieh in this year’s lineup, even though he is only 75% and scurred. Any other way you measure him, he is hard to beat. Two full brothers to this bull have been at the very top end of our sale in the past; See Lot 119! Lot 102 is just as soggy and good. The only thing he is missing is the tips of his ears. Lots 103, 104, and 105 are scurred purebred bulls. 103 and 105 carry the Basic Beef trademark thickness, but each has his own performance advantages. Lot 104 is one of only three bulls in this offering that is not closely related to basic beef. He is double bred to the top bull from our year 2000 calf crop. He has the combination of front pasture looks and top-end performance that is not so easy to find..

Lot 102

牛 the Chinese symbol for ‘cow’

Lot 104

Lot 103

Lot 101

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BRAUNVIEH BULLS

More Basic Beef, including grandsons as well. Lot 107 is the spitting image of his sire with a tremendous top and lots of style. He put up better than expected performance numbers for a bull in the top 10% of the breed for low birth weight. Lot 108 is a high percentage bull with a little more frame and stretch than the typical Basic Beef line exhibits. Lots 109 and 110 are sons of the old imported Fullblood bull Hari, but out of Basic Beef daughters. There’s a little more milk and maternal weaning impact from these matings. These bulls are long-bodied, and well muscled and carry a bit more leather than the average bull in the sale.

Lot 105

Lot 106

Lot 107

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BRAUNVIEH BULLS

And, more Basic Beef… Lots 111, 112, and 113 are carcass improvers. Lot 111 is out of a full sister to Basic Beef. Lot 112 is another Basic Beef son. Lot 113 is another Basic Beef grandson, as is Lot 114.

… because the genetics have been proven over and over again to provide the basics; fertility, disposition, muscling, growth and marbling.

Lot 108

Lot 109

Lot 110

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BRAUNVIEH BULLS

Lots 115 and 116 are 3/4 brothers. Lot 115 is full brother flush-mate to Lot 112, and Lot 116 is a full brother flush mate to Lots 103 and 105. If you need to put together a set of uniform bulls that can deliver uniformly good sets of calves, those bulls are in this offering. Lots 117 and 118 are identical twins. They are half brothers to the Lot 104 bull. These K486 sons are a touch high strung, but they are long, thick and deep and in the top end of the breed for growth. We started this offering with a top Basic Beef son, and it is only fitting that we end with one as well. Lot 119 is, in fact, a full brother to Lot 101. He is a year older, solid black, and experienced. He was used on purebred cows last season, has been double trich tested and fertility tested. He is without a doubt the thickest, jet-black, 3/4 blood in the Braunvieh breed. You cannot afford the tires it would take to find another one like him, if such a beast even exists. He was in a contemporary group by himself last year; the ratios do not reflect his above average performance across the board. Don’t miss him!

0.3 67 0.5 2.4 44 31 53 65% 85% 40% 35% 45% 45% 50%

119

牛牧場主 the Chinese symbol for

‘cattle rancher’

Lot 114

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Vista is proud to be a Founder of the D’Hanis Education Foundation and to be a supporter of the annual Cowboy Country Round Up held on the first Saturday in March. It is a full day of laid-back

country fun for a good cause...

Authentic Chuck Wagon meal with all the fixin’s

BOOT EXPRESS Horseless Youth Ranch Rodeo,

Western Arts Trade Show, Team Roping,

Mutton Busting, Buckaroo Games for kids,

Baking Competition, Contests, Exhibitions, and more...

Continuous live music featuring:

FREE Wild West performances all day!

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Vista Red AngusVista Red Angus

The goal of our Red Angus program is balanced performance, with an emphasis on calving ease.

“Trouble-free” best describes the Red Angus influenced female. She is an easy-fleshing, fertile, docile, low-maintenance, beef machine. When you also consider that Red Angus is the only breed currently making real progress in developing EPDs for reproduction, fertility, and longevity traits, it is no wonder Red Angus influenced females are gaining popularity.

We believe that beef heifers should be bred to calve, unassisted, as two-year-olds, breed back for a second calf in a limited breeding season, and raise a calf that fits today’s market. Red Angus has been a key ingredient for achieving these things in our commercial operations, and we believe there is no other breed that can contribute more in this situation.

We have bred our commercial heifers to moderate birth weight EPD Red Angus bulls for the last several years with tremendous success, and our Missouri commercial herd is almost exclusively made up of Red Angus-Sired females.

We believe that Vista Red Angus genetics can have a positive effect on the bottom line of any breeding program.

CATEGORY – Breed category code; A = 100% Red Angus pedigree with no disqualifying

characteristics (extra white or scurrs) B = 87% to 99% Red Angus pedigree with no disqualifying

characteristics (extra white or scurrs) II = Any animal not meeting A or B requirements.

DOB - Date of Birth; provided to assist in fair visual evaluation.

SCROTAL - Scrotal circumference is provided in centimeters; scrotal circumference is a good indicator of fertility and early maturity. Bulls were measured at yearling, and all bulls with less than 30 cm scrotal circumference were culled. The scrotal circumference provided in this catalog was taken on September 22, 2012.

FRAME – Average Frame Score; Calculated from three serial hip height measurements, frame score is a convenient way of describing the skeletal size of cattle, because it changes relatively little as the animal increases in age and height.

VGR – Vista Growth Ratio; Indexing ratio to compare growth potential in the bulls as determined during grow out phase of production. The VGR is calculated from average daily gain ratios and weight per day of age.

REA – Ultrasound Rib Eye Area Ratio.

R/CWT – Ultrasound Rib Eye Area per Hundred Pounds Ratio.

Considering both REA and R/CWT weight provides a much clearer picture of the differences in muscling between bulls. Because all of our bulls are grown out under the same conditions, it can be safely assumed that a great deal of the variation between bulls for REA and R/CWT is due to genetic differences for muscling. A ratio of greater than 100 (average) indicates more overall muscling compared to the average of the contemporary group.

IMF – Ultrasound Intramuscular Fat Ratio; An IMF ratio of greater than 100 (average) indicates more intramuscular fat (or marbling potential) compared to the average of the contemporary group.

Expected Progeny Differences. We place a great deal of emphasis on EPDs in our breeding programs, because they are the best estimate of the relative genetic value of beef cattle (for traits with an EPD). The breed percentile rank for each EPD is also included - the lower the number, the higher the bull ranks within the breed for that trait.

BW – Birth Weight EPD; A sire’s expected progeny difference (lb) for mature dam equivalent birth weight of calf. Progeny of sires with lower birth weight EPD values will generally be born with less calving difficulty.

WW – Weaning weight EPD; A sire’s expected progeny difference (lb) for 205-day, mature dam equivalent weaning weight. A sire’s weaning weight EPD is an indication of growth to weaning. It does not indicate milk production.

YW – Yearling weight EPD; A sire’s expected progeny difference (lb) for 365-day, mature dam equivalent yearling weight. The yearling weight EPD is a measure of growth from birth to one year of age.

MK – Milk EPD; The expected difference (due to milk production alone) in weaning weight of calves out of a bull’s daughters compared to calves from daughters of a bull with a zero maternal weaning EPD. A higher EPD indicates that the bull’s daughters should produce more pounds of calf due to increased milk production, but a higher EPD may also indicate a need for higher nutritional inputs to sustain the increased production.

STY – Stayability EPD; The expected difference in probability of daughters staying in the herd to at least the age of 6 years. Since cows are usually only culled before the age of six, the EPD is primarily a measure of sustained fertility in female offspring.

REA – Ribeye Area EPD; Describes relative genetic differences in muscling as measured by ribeye area.

MRB – Marbling EPD; Numeric value assigned to varying levels of intramuscular fat. Utilized as one of the primary factors in determining quality grade. Breed average or higher for marbling score EPD is desirable.

Lot 201

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RED ANGUS BULLS

The Vista Red Angus program has, first and foremost, been about maintaining a functional and efficient cow, which is evident in our Stayability EPD average - the top 22% on the bulls in this offering. We have also placed a great deal of emphasis marbling, a specialty of the Red Angus breed, and our bulls average in the top 18% of the breed - 7 of these 17 bulls are in the top 10% of the breed. If you need significant improvement in your cow herd for quality grade without sacrificing fertility and maternal efficiency, Vista Red Angus bulls are the right place to look. This year we’re starting the sale with a set of Destination grandsons that also have a little extra growth. LOT 201 is dark red, thick deep and long, with exceptional performance across the board. Lots 202 thru 205 are paternal half-brother, carcass bulls; all in the top 35% or better for yearling weight, in the top 22% or better for marbling and in the top 50% or better for muscle. Whether your ‘destination’ is feeder calves or replacement females, this lead-off pen is a dominant set of bulls.

Lot 202

Lot 203

You may have noticed that the calving ease EPDs are missing on this year’s Red Angus bulls. We were unsure why Red Angus did not publish the EPDs this year, but we will either have the EPds or an explanation sale day.

9%

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RED ANGUS BULLS Lot 206 finishes out our higher growth bulls. Here is a rare set of genetics that give you the option of selling at weaning or on the rail. Lot 207 begins a pen of bulls with a touch less growth and a little more balance from birth weight to yearling weight. This bull was also off the chart when scanned for marbling. All of our Red Angus bulls are high marbling, but this bull measured so high that it deflated the ratios on the rest of the bulls. Lot 208 is a prime example of a deflated ratio; he is packing solid genetics for marbling, even though his ratio doesn’t reflect it. Sometimes the numbers need a little more scrutiny. Lot 209, 210 and 211 are more of the same kind; solid, balanced, versatile, and conditioned to thrive on grass.

Lot 208

Lot 210

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RED ANGUS BULLS

Lot 211

Lot 212

Lot 212 is the first of six sleep-all-night calving ease specialists. If you are contemplating rebuilding after the drought with virgin heifers, but you don’t want the headaches of calving heifers, you need a Vista calving ease bull. And, take a look at the genetics for marbling in these bulls! All other calving ease bulls are just ‘cow fresheners’ compared to these bulls.

小母牛 the Chinese symbol for

‘heifer’

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When most people think of seedstock production, they think purebred. The commercial industry, however, has long been dependent upon hybrid or crossbred seedstock for replacement females. The Vista definition of seedstock also includes hybrids, because we believe in taking full advantage of hybrid vigor and breed complementarity. Composite cattle have gained considerable popularity since the early 90’s, and for good reason. Composites provide for one of the easiest breeding schemes to maintain high levels of hybrid vigor while simultaneously maintaining market fitness and environmental fitness in all offspring. Once the composite is formed it becomes

essentially a straight breeding population; bulls and cows of the same breed makeup are bred to each other to produce subsequent generations, so there is no need to maintain more than one main herd or manage complicated cross breeding schemes. However, in most cases, developing a composite population requires a substantial investment of resources.

An additional concern in composite development is true environmental fitness. Even if the right combination of breeds are used, a composite developed in one environment may not adapt well in another. We believe the best alternative is to work with each producer and his own (already well-adapted) cows to develop a custom composite population with true environmental fitness. And we believe that the way to do it is with the…

VISTA ADAPTOR HYBRIDVISTA ADAPTOR HYBRID The Vista Adaptor Hybrid is a product of combining the Vista Braunvieh and Vista Red Angus programs and top performance Angus

bloodlines into a line of hybrids that carry the best attributes of both programs. The Adaptor Hybrid is sensible seedstock, the kind that can improve the market fit of Brahman influenced commercial females without diminishing environmental fit.

Big, thick, white-nosed, brindle bulls are a given at the Vista Vantage on Value bull sale. We first introduced Adaptor hybrids in 1999 and they became a trademark of our program. New comers to the sale always raise an eyebrow the first time they see these bulls, but when they study the bulls and their performance, they always begin to see what we originally saw; these bulls fit South Texas and their calves fit the market. Every year, the interest from calf buyers gets stronger for Vista sired calves, and more and more it is the Adaptor calves that attract the most attention. And, the heifer mates to these bulls have made some of the most productive cows you could ask for; moderate framed, big barreled, extremely fertile, perfect uddered, durable females.

We now have Adaptor Hybrid bulls in any color you might want, but they are some of the greenest bulls you can find anywhere; green as in fitting the environment and green as in more cash in your pocket.

DOB - Date of Birth; provided to assist in fair visual evaluation.

SCROTAL - Scrotal circumference is provided in centimeters; scrotal circumference is a good indicator of fertility and early maturity. Bulls were measured at yearling, and all bulls with less than 30 cm scrotal circumference were culled. The scrotal circumference provided in this catalog was taken on September 22, 2012.

FRAME – Average Frame Score; Calculated from three serial hip height measurements, frame score is a convenient way of describing the skeletal size of cattle, because it changes relatively little as the animal increases in age and height.

VGR – Vista Growth Ratio; Indexing ratio to compare growth potential in the bulls as determined during grow out phase of production. The VGR is calculated from gain ratios and weight per day of age ratios.

REA – Ultrasound Rib Eye Area Ratio.

R/CWT – Ultrasound Rib Eye Area per Hundred Pounds Ratio.

Considering both REA and R/CWT weight provides a much clearer picture of the differences in muscling between bulls. Because all of our bulls are grown out under the same conditions, it can be safely assumed that a great deal of the variation between bulls for REA and R/CWT is due to genetic differences for muscling. A ratio of greater than 100 (average) indicates more overall muscling compared to the average of the contemporary group.

IMF – Ultrasound Intramuscular Fat Ratio; An IMF ratio of greater than 100 (average) indicates more intramuscular fat (or marbling potential) compared to the average of the contemporary group.

Expected Progeny Differences. We place a great deal of emphasis on EPDs in our breeding programs, because they are the best estimate of the relative genetic value of beef cattle (for traits with an EPD). The breed percentile rank for each EPD is also included - the lower the number, the higher the bull ranks within the breed for that trait.

BW – Birth Weight EPD; A sire’s expected progeny difference (lb) for mature dam equivalent birth weight of calf. Progeny of sires with lower birth weight EPD values will generally be born with less calving difficulty.

WW – Weaning weight EPD; A sire’s expected progeny difference (lb) for 205-day, mature dam equivalent weaning weight. A sire’s weaning weight EPD is an indication of growth to weaning. It does not indicate milk production.

YW – Yearling weight EPD; A sire’s expected progeny difference (lb) for 365-day, mature dam equivalent yearling weight. The yearling weight EPD is a measure of growth from birth to one year of age.

MK – Milk EPD; The expected difference (due to milk production alone) in weaning weight of calves out of a bull’s daughters compared to calves from daughters of a bull with a zero milk EPD. A higher EPD indicates that the bull’s daughters should produce more pounds of calf due to increased milk production, but a higher EPD may also indicate a need for higher nutritional inputs to sustain the increased production.

MW – Maternal weaning EPD; The expected overall difference (lb) in weaning weight of calves out of a bull’s daughters compared to calves from daughters of a bull with a zero maternal weaning EPD. The maternal weaning EPD is a measure of both growth and milking ability and is an indication of the size of calf a bull’s daughter will wean.

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ADAPTOR HYBRID BULLS

We continue to be impressed by the versatility of our Vista Adaptor Hybrid program; the best of both worlds (actually three). The blending of Braunvieh with Red Angus or Angus genetics to produce a superior beef bull seems like a no-brainer, but the rest of the industry is slow catching on. Most of the industry is still hung up in a purebred mindset that limits the use of hybrid vigor and breed complimentarity to only the cow side of the equation. For the progressive and profit-minded producer, the hybrid bull just makes more sense, and dollars. Vista Adaptor Hybrid bulls provide a unique combination of marbling, muscling, growth, and fertility in a longer lasting, more durable package, than you can obtain from any purebred bulls. Lot 301 is a rare find, 24% better than his contemporaries for marbling and in the top 1% of the breed for yearling weight, but still in the top 25% for low birth weight. Lot 302 is a smooth-polled second generation Adaptor, better than average good looks, better than average growth, better than average muscle, better than average marbling, and in the top 3% for low birth weight. Lot 303 is similar breeding, but a few months younger with small scurs. This first pen is full of front-pasture bulls.

Lot 301

Lot 302

Lot 303 公牛 the Chinese symbol for ‘bull’

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ADAPTOR HYBRID BULLS

Lot 304

Lot 306

Lot 307

Lots 304, 305 and 306 are New Design AI sons, and all three of their dams are by low birth weight Braunvieh sires. If you need a little more calving ease and a lot more carcass, these bulls are some of the best you’ll find. And, no, we did not screw up the catalog. Lot 305 is 50% black Angus, but he came out YELLOW from the same yellow gene that has been carried by one of our top purebred Braunvieh each year. And, he is THAT GOOD! Lot 307 combines the exceptional thickness of Basic Beef with easy-fleshing OCC Angus genetics, and he is very likely homozygous polled.

Lot 305

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ADAPTOR HYBRID BULLS

牛肉 the Chinese symbol for ‘beef ’

(We should just brand that right on Lot 311’s side!)

Lot 308

Lot 311

Lots 308 thru 313 are our original brindle Adaptors. Lot 308 is carrying a little extra leather, but is deep thick and long like we like them, and he was one of the top performers on test. Lots 309 and 310 introduce a little different Red Angus breeding than we’ve tried before. Lot 309 is super thick and smooth polled, and Lot 310 had one of the top marbling scans. Lot 311 is another second generation Adapter and a half brother to the first three black bulls in this year’s sale. Lot 312 is a Red Angus sired F1 that is thick and deep with a very balanced design. He also put up exceptional carcass numbers.

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ADAPTOR HYBRID BULLS

Lot 314

Lots 314 begins another run of the good black Adaptors. He is long bodied and powerfully made with a puppy-dog gentle disposition. Lot 315 is a twin to Lot 314 and is very much the same, long, thick and smooth, but also has some of the best carcass numbers in the offering, regardless of breed. Lots 316 thru 320 are all half brothers with near-identical performance on test. There are some differences, so help yourself to the one(s) you like best.

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75% ANGUS HYBRID BULLS

Lots 321 thru 325 are 75% Angus and 25% Braunvieh, a little more calving ease and a little more

marbling on average than our 50-50 Adaptor Hybrids. If you’re selling on the grid, you won’t do much better than two generations of Angus out of the top 10% of

the breed for marbling with a quarter Braunvieh to boost the yield grade.

Lot 321

Lot 322

New Design, Prime Time and Custer; if you missed out on the Red Angus calving ease bulls, here is a set that that can work very well on heifers. Lot 322 and 323 are 3/4 brothers going back to top-end Red Angus carcass genetics. Both of these brothers are strong topped, deep ribbed, and smooth. Lot 324 is the kind of curve-bender bull with all around performance everyone can use. He doesn’t really belong this far down in the lineup. Lot 325 may best the best-made, most eye appealing of the calving ease bulls yet.

41

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Unregistered F2ADAPTOR HYBRID BULLS

Lot 326 is the first of this year’s unregistered, second generation Adapter Hybrids. These bulls are produced by mating our very best F1 Adaptor Hybrid bulls, selected for a balance of calving ease, growth and carcass, to F1 and F2 Adaptor Hybrid females. These

females are managed as commercial cows and mated to multiple sires, so we are unable to provide accurate pedigrees for registration. What does this mean to you? We can’t provide you with EPDs for these bulls, but they are tested and scanned just like our registered bulls. And, they are backed up by the same guarantees and the same brand; we’re that sure you’ll like what you get.

Lot 326

Lot 330

Lots 326 through 333 are true black bulls produced through the incorporation of Braunvieh X Black Angus Adaptor Hybrids into the mix. We challenge you to find, other than on paper, any differences between these bulls and or registered Adaptor Hybrids. Lots 327 and 328 have been dehorned, and will not produce polled calves, but if you want to add frame and pounds, don’t overlook their advantages. Lots 329 and 330 are smooth polled, thick-butted and deep-sided.

331

326

327

328

329

330

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F2 ADAPTOR HYBRID BULLS

牛仔 the Chinese symbol for

‘cowboy’

332

333

334

335

336

Lot 331 is another one of those bulls whose scan for marbling was off the chart. If CAB is your goal, this bull has the genetics to get you there. Lot 332 is heavily muscled, yet smooth in his type; the easy doing kind. Lot 334 and Lot 335 are dark brown bulls. Both are long bodied and extra thick. Lot 336 is solid, light red with tremendous growth performance. He is one of the most eye-appealing bulls in the entire sale. Lot 337, Lot 338 and Lot 339 are high marbling, high growth, brindle bulls. We are running short on bulls, but not on quality! Lot 340 is the last bull this year. He is solid red with much better than average ultrasound performance.

Lot 335

Lot 336

337

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F2 ADAPTOR HYBRID BULLS

Lot 339

Lot 338

338

339

340

Everybody loves a parade… … Marissa was having a good time, anyway. Adam finishing up

his 2012 drawing for Beefmaster Breeders

United

Wyatt may have found the best use yet for a Longhorn.

If you’re a Longhorn breeder, I’M JUST KIDDING.

As this catalog is being printed, the D’Hanis cowboys are still undefeated on the 2012

gridiron. October 27 is not only Vista’s sale date, but the Cowboys have another

important home game. We’ll be headed to the game after the sale and would love for

you to join us the Cowboys, and the cheerleaders, always put on a good show.

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Cattle Outlook Ron Plain and Scott Brown

University of Missouri October 5, 2012

At the end of September, winter wheat plantings were 3 percentage points below average (40% planted vs 43% planted) and the amount emerged was 4 percentage points below average. Given corn prices at $7.50/bu, wheat pasture offers much lower cost of gain when it is available.

Beef packer gross margins the week ending September 28 averaged $159 per steer. The last 8 weeks they have averaged $153 per steer which is well above the 52 week average of $110 per head, but right on the 8 year average which is also $153 per head. Look for packer margins to decline seasonally as we move closer to the end of the year.

Beef carcass cutout values were mixed this week. On Friday morning, the choice boxed beef carcass cutout value was $190.24/cwt, up 94 cents from last Friday and up $5.32 from a year ago. This week the select carcass cutout was down $2.43 from the previous week to $175.82/cwt. The choice-select spread is $14.41, the widest since July 9. Seasonally, the choice-select spread tends to get wider until late December.

Fed cattle prices were uneven this week. Through Thursday, the 5-area average price for slaughter steers sold on a live weight basis was $123.57/cwt, up $1.11 from last week and up $2.60 from the same week last year. Steer prices on a dressed basis averaged $189.84/cwt this week, down $1.15 from a week ago and down 6 cents from a year ago. This is the first week dressed steer prices have been below year-earlier since the week ending on April 8 and only the second time since early January 2010.

Cattle slaughter totaled 620,000 head this week, down 4.8% from the week before and down 7.3% from the same week last year. This is the biggest year-over-year decline since mid April. Cattle slaughter has been below year-ago every week this year except for the week ending on January 14. The average steer dressed weight for the week ending September 22 was 874 pounds, up 5 pounds from the week before and up 19 pounds from a year ago. This was the 37th consecutive week steer weights have been above the year-earlier level.

Oklahoma City stocker cattle prices were $2 to $4 higher this week. Feeder cattle prices were not well tested. Prices for medium and large frame #1 steers: 400-450# $160-$177.50, 450-500# $157.50-$178, 500-550# $147-$169.50, 550-600# $145.50-$167, 600-650# $140-$152, 650-700# $138-$150, 700-750# $134-$146, 750-800# $139.50-$145, 800-900# $133-$142.50, and 900-1000# $126/cwt.

The October live cattle futures contract settled at $123.05/cwt, up 98 cents from the previous Friday. December cattle closed at $126.20/cwt, up $1.50 for the week. February fed cattle contracts settled at $129.75/cwt, up $1.33.

October feeder cattle futures ended the week at $144.82/cwt, $1.02 higher than last Friday. November feeder cattle contracts ended the week at $146.20, up $1.85 from the week before. January feeders settled at $149.00/cwt.

I know… Reading an economist’s “outlook” is a lot like going to the dentist, or the bookkeeper at the end of the year. I didn’t really reprint

this from the AgEBB website thinking that you would appreciate a little extra reading. The truth is, I stumbled onto this while searching for something else, but because it was entitled “Cattle Outlook”, I just had to pause to read it. You can never get enough crystal ball in this business.

It didn’t take more than the first two paragraphs to realize that this was another of many mislabeled economist articles. It is not so an ‘outlook’ for predicting the future. It is more of a recap of what has happened in the past. But the past, rather than a crystal ball is all we really have as a tool for predicting the future.

What I was hoping for was an educated guess about where the cattle markets are headed; something truly insightful, even revelational, that would give me the short answer. But, I know better. There is no short answer. Everyone has to make their own educated guess about the market, and making an educated guess requires some education. It turns out that the more you know, or are educated, about everything that does or can affect the market, the better your guess will be. What Ron Plain and Scott Brown have so generously provided is not the answer, but part of the education each of us needs to formulate our own answers.

Maybe it’s related to the business I’m in, but after studying this ‘recap’ a couple of times in light of my own experiences, my ‘outlook’ for the cattle market is quite bullish. Read it for yourself and let me know what you think. See you on the 27th!

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opportunities, for beef producers in China and sending similar substantial ripples of possibility across much of the global beef complex.

In ancient China the ox was a symbol of prosperity, and the current PRC government and certain provincial governments have identified higher quality beef as a significant potential source of added income for rural communities. As I visited with individuals in the Animal Science Department of the Gansu Agricultural University and the management of the Gansu Kangmei Modern Farming and Agricultural Group Co., Ltd. it was apparent that China is quite serious about the efficient production of quality beef. In the area surrounding Kangle County, a city of about one million residents, beef production either directly or indirectly accounts for 40% of all farm income. Compared to the U.S. beef industry, the economic significance of beef production does not seem so surprising until you consider the fact that China had zero beef production prior to 1979. Under communist rule prior to the implementation of economic reforms it was illegal to market beef, because the ox was the primary source of power for agricultural production.

While beef cattle numbers and the overall impact of beef production on rural communities are similar to that seen in the U.S., the beef production environment is considerably different

in China. Rainfall and general climate conditions are not that different from the U.S., but land utilization is considerably different. Consider for a moment what agriculture and beef production in the U.S. might look like if we had ten times the number of mouths to feed. How much land, even marginally productive land, would have to be converted from grazing pastures to crop production? China has been grappling with this

very issue for the last several decades. Producing enough grains and vegetables from a land mass roughly the size of the U.S., including Alaska, to feed 3 billion

citizens has left almost no acreage for grazing livestock, so the majority of China’s cattle are pen-kept and developed almost exclusively on crop residues and other by-products from farming. As we travelled through some of the poorer villages en route to visit large, modern production units, mud wall pens housing one or two cows were a common sight. The newer production facilities, most constructed within the last ten years, feature multiple barns housing from a dozen to as many as a

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hundred animals each. These large confinement facilities create significant efficiencies, but also generate major health

challenges, requiring significant bio-security measures. In fact one facility we visited did not allow visitors on the grounds at all, and they only allowed us to view the barns and the cattle via closed circuit video monitors in their

‘control room’. After visiting with professors of the

university, I was asked to give a presentation on beef production in Texas to the faculty and graduate students in the animal science department. This presented a bit of a challenge, not only because of the language barrier, but also because I hadn’t come prepared to give any sort of presentation. I managed to provide them with some information, mostly related to the breeding and production issues of Vista Genetics, and the audience seemed very engaged and eager to see how things are done ‘in America’. The most difficult concept to convey was the fact that our cattle are not kept in barns, not sometimes, not part-time, not in the winter-time, not ever. I left with the impression that some of the students had decided that I was just unable to understand the question. I think they were convinced that in Texas there must be barns of some kind where we keep the cattle, at least some of the time.

My visit to China was relatively brief, and my exposure to the beef industry of the P.R.C. was little more than a scratch of the surface. But, I took away from the experience a couple hundred photos, dozens of great memories, several new friends, four useful law school credits, some solid business contacts, and multiple ‘what ifs’. I do not know what may happen next, but China is intent on producing higher quality beef, and there is no better source for quality beef genetics than the U.S.

Above: McDonald’s restaurant in Nanjing. KFC and DQ and other American restaurants are plentiful in China. Their menus include most of what we were used to along with local dishes. Right: Entrance to a tomb from the Ming Dynasty. Lower right: View of the 2008 Olympic Torch tower from inside the Bird’s Nest stadium in Beijing. Below: Inside the courtyard of the Forbidden City

Clockwise from above: the Temple of Heaven; dried meat products found at the Wal-Mart in Beijing; the Great Wall; the tallest skyscraper in Beijing; a view of the Oriental Pearl Tower that dominates the skyline of Shanghai; a Muslim temple outside of Lanzhou; China’s Bullet Train, capable of travelling in excess of 200 mph.

Mature cows and new calf crop. The genetic makeup of most PRC beef cows includes a base of native Chinese Red cattle and several generations of breeding to Simmental.

Left: Doing my best to explain the breeding goals of Vista Genetics to animal science faculty members and Grad students. Below: the logo of a Chinese weekly news magazine and a bumper sticker that was a little off in translation.

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Terms and Conditions Except for those stated in the below terms and conditions, there are no warranties, either expressed or implied, as to merchantability or fitness for a particular purpose with respect to the cattle being sold. The warranties and guarantees set forth in these “Terms and Conditions” are in lieu of all other warranties and guarantees, either expressed or implied, and remedies provided therein shall be the sole and exclusive remedy of the purchaser or any party claiming through purchaser, for any breach of warranty or guarantee therein provided, and all other obligations or liabilities.

BIDDING Each lot will be sold to the highest bidder, with the auctioneer settling any bidding disputes. TERMS of the sale are cash or check to the clerk at the conclusion of the sale. ANNOUNCEMENTS Any verbal or written announcements made on sale day will take precedence over all previously printed information. Every effort has been made to insure the correctness of all presented information on the animals, and in most cases, taken from the respective breed association’s official records. IDENTIFICATION Seller offers each animal with a readable tattoo corresponding to its catalog designation and registration, when applicable. PURCHASER’S RISK Each animal sold will be at the purchaser’s risk as soon as sold, but it shall be the obligation of the seller to see that the animal is fed and cared for free of charge to the purchaser until loaded for shipment or until the expiration of 72 hours (72 hours after completing TB tests for animal requiring such test). Care and feeding of animals not picked up within the 72 hour period (except for those to be delivered by the seller) will be charged to the purchaser at a rate of $3.50 per day for each full day of care. BREEDING GUARANTEE 1. All animals are guaranteed to be breeders with the exception of; a) Injury or disease occurring to the animal after time of sale; b) Gross negligence or willful misconduct on the part of the purchaser; c) Animals shown competitively after being purchased from Vista Genetics. 2. Any bull which either 1) settles 1/3 or more of the healthy cows he services; 2) is the sire of 20 or more animals; or 3) settles cows by natural service and passes a fertility test made by a competent veterinarian during any 6 month trial (provided for in Paragraph 2 of the section of these sale terms and conditions entitled “Options and Privileges or Return or Adjustment”) shall be considered a breeder. Any guarantees with respect to the ability to freeze semen shall be made by separate agreement between the Purchaser and Seller. SELLER’S SEMEN RIGHTS 1. Seller reserves the right to keep a breeding interest in any bull sold. Future semen collections of the bull must be made known to all owners and be performed at the convenience of the owner with possession rights. These collections and costs will be divided according to each owner’s interest, unless otherwise agreed upon mutually by all owners. 2. On any and all other bulls in the sale which are collected in the future, Seller reserves the right to 100 units of semen with registration rights and will pay his portion of the collection costs.

REGISTRATION TRANSFER Registration certificates for each registered bull will be transferred to purchaser at no charge. A pedigree and performance report is provided for most non-registered bulls. OPTIONS AND PRIVILEDGES OF RETURN OR ADJUSTMENT 1. The following adjustments do not preclude the right of the Purchaser and Seller to mutually agree upon other terms and conditions for settlement of any dispute. All claims for adjustment or refund must be made in writing either within six (6) months from the date of sale or no later than when the animal reaches 24 months of age, whichever occurs later, with the exception of claims involving parentage or defects. 2. All returns or refunds will be paid in the form of a credit. This credit will be limited to the purchase price less the salvage value of the animal and usage fees. a. Salvage Value = Market price x catalog weight or current weight (which ever is greater). b. Usage fee is set at 25% of purchase value of the animal for each season of use. 3. In the event an animal is claimed to be a non-breeder, the animal may be returned to the seller, at Purchaser’s expense, if in good physical condition, and the return is in compliance with the health requirements of the seller’s state. The seller shall be entitled to a six (6) month trial period following the return of the animal in which to prove that the animal is a breeder. If at the end of six (6) months the seller is unable to prove the animal is a breeder, the seller shall, at the option of the Purchaser, replace the animal with another of equal value or grant the Purchaser a credit on any products marketed by Seller. Either of these options shall be deemed full satisfaction and settlement. If the Seller proves the animal to be a breeder, it shall be the obligation of the Purchaser to take delivery of the animal and pay all expenses incurred for transportation. HEALTH PAPERS for transit within the state of Texas will be furnished for each animal sold. Health papers will also be provided for bulls traveling outside the state, but, depending on additional testing requirements, may not be available sale day. GENETIC DEFECTS Vista Genetics guarantees all animals to be free of any known genetics defects. Should a Vista bull be proven to have sired a defective animal, Vista Genetics will not only provide the buyer with credit on the bull as described previously, but will also pay the buyer for the defective calf at the current market price for a 600 lb. steer. RIGHTS AND OBLIGATIONS These terms and conditions of sale shall constitute a contract between the Purchasers and Sellers of each animal and shall be equally binding upon both. Each sale or resale of an animal constitutes a separate transaction.

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Vista Genetics

Vista Genetics

4465 FM 1796

4465 FM 1796

D’H

anis, Texas 78850D

’Hanis, Texas 78850