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Stock Show: Sale of Champions fundraising looks strong

Author: Kristy

Spider Monkey, the Grand Champion in the 2012 junior steer competition, looks at audience during bidding on the last day of the Fort Worth Stock Show and Rodeo. AP photo.

Scott Nishimura
snishimura@bizpress.net

Nonprofits raising money to buy the nearly 300 champion market steers, pigs, goats and lambs from the youth who exhibit them at the Fort Worth Stock Show say they’re optimistic that this year’s auction Feb. 8 will rake in big money again.
“It looks very strong,” Scott Prince, chairman of the Fort Worth Stock Show Syndicate, the largest of several groups that raise money for the Junior Sale of Champions, said in an interview Jan. 28. “We’ve got a lot of commitments; we have more at this time than we’ve had in the past years.”
In last year’s auction, bidders spent $3.1 million on 283 steers, barrows, lambs and goats. The Happy Davis Foundation spent $205,000 to buy the grand champion steer, a 1,329-pound European crossbred.
The bidding pushes the auction prices far above the animals’ per-pound market value, with the money going to the young exhibitors who raised and showed the animals.
The 34-year-old Syndicate accounted for $2.86 million of last year’s bidding. It and other groups – Ladies on the Lamb, the U Ol’ Goat Committee, Fort Worth Businessmen, The Tallest Hog at the Trough, The Shortest Goat at the Bar, and the new Fort Worth Businesswomen, which has changed its name to Women Steering Business – accounted for all of last year’s bids.
Prince made no promises for this year’s Syndicate, except to say the organization, which has raised a total $38.5 million for the auction since the Syndicate formed in 1980, expects that total to surpass $40 million this year. Last year, the group had more than 400 sponsors.
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