BlAck HErEForDS. FEBruAry 8, Saturday 12:30 pm At the ranch. Better Color. Better Carcass. Better Hereford.

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21st Annual BlAck HErEForDS ProDuction SAlE FEBruAry 8, 2014 Saturday 12:30 pm At the ranch SElling BlAck HErEForDS 80 BullS 20 FEmAlES Better Color. Better Carcass. Better Hereford. JN Balder 7312 4-15-2007 to 9-6-2013 All sale cattle certified free of all known genetic defects by the American Black Hereford Association. Watch Sale Cattle Video on our website: www.jnranch.com

Gunbarrel Ranch J&N Ranch F. Morgan Feedyard 25332 Wolcott Road Leavenworth, KS 66048 913-727-6446 Dear Friends, Our cow herd consists of 165 spring calving females, of which only 87 have had more than one calf. This is the most uniform set of cows and heifers we have ever owned. You cannot make distinctions based on phenotype among these females. In addition we have 73 pregnant Angus recip cows, many of whom are carrying Black Hereford embryos. Our herd has never been younger. This past year we used our last homozygous Black Hereford herd sire, JN Balder 7312. Next summer none of our bulls will be homozygous black. They don t need to be. Many of our cows are homozygous and all are black-hided. Genetically, we have introduced new bloodlines with bulls and sons of bulls like RIbeye, Proficient, Schular s 3T and 9R while many of our cows can trace back through 14 generations of J&N breeding. Our herd has never been healthier. Each female has been calfhood vaccinated and pelvic sized. All our Black Hereford cattle have tested free of BVD, Neospora, Johnes and are PI negative. Last year we closed the herd and will only allow outside genetics to be introduced through well proven AI sires. The herd has been certified free of all known genetic defects by the ABHA. Last year our son, Dirck, took over the daily operation of our ranching and feedyard businesses. Feel free to call either of us. His cell phone is 816-225-1246 or you can call our ranch office number at 913-727-6446. Thanks for your business. Sincerely, Joe and Norma Hoagland Dirck and Natalie Hoagland DirEctionS From Kansas City: go west on 1-70 then north on 1-435 to Leavenworth Road exit go west to 123rd St. then north 6 miles to the ranch. From Leavenworth: go south on State Highway 7 to Danny Zeck Ford dealership then east on State Highway 5 for 4 miles to the ranch. From the airport: exit airport south on 1-29 to Highway 152 go west to 1-435 then south crossing Missouri River to Wolcott Road exit (1st exit on Kansas side) follow Highway 5 for 6 miles to Ranch. AccommoDAtionS: At Country Inn & Suites Next to the Kansas Speedway in Kansas s City, Kansas Local attractions include: Hollywood Casino, Livestrong Sporting Stadium, Kansas City Speedway, Kansas City T- Bones Baseball Stadium, Cabelas, Nebraska Furniture Mart and Village West Legends Shopping Center with plenty of dining and entertainment. For Reservations Call: 913-299-4700 Ask for the J&N Ranch group rate of $82.00 per night Auction information: SAlE terms AnD conditions 1. The highest bid will be the buyer as recognized by the auctioneer. 2. All cattle will be on display throughout the sale day for inspection. and therefore all sales are final. 3. When an animal leaves the ring it is the property and the entire responsibility of the buyer. Payment shall be made immediately after the sale before animals can be removed from the grounds. 4. Transfer fees and registration papers will be provided by the seller. 5. All persons who attend the sale do so at their own risk. Neither sale management, owners, nor anyone connected with this sale assumes any liability legal or otherwise. AuctionEEr Tommy Barnes 189 River Rd., Lowndesboro, AL 36752...334-462-4004 representatives Guy Peverly, High Plains Journal...785-456-9911 Andrew Sylvester, Kansas Stockman...785-456-4352 Steven Russell, Gulf Coast Cattleman...785-458-2650 Tim Lackey, Missouri Beef Cattleman...660-676-2193 VEtErinAriAn Cedar Ridge Veterinary Clinic Dr. Shawn T. McCoole, DVM, Atchison, KS...913-367-3600 DEliVEry & insurance: Free delivery on purchases totaling $15,000 or more, or $300 per head within 500 miles and $500 per head over 500 miles. Insurance coverage on your purchase for periods up to a year after the sale are available through Harding and Harding by calling Jim Gies on his cell phone at 970-590-0500. HErD HEAltH: At 60 days of age, calves were vaccinated with a modified live Red Nose with Haemophilus and an oil based blackleg with pink eye shot. Ear notch samples were taken and tested for BVD & PI. On August 25, all calves were vaccinated with a round of Novartis Perfringens and Ivomec, Clostra-Shield 7, Vira-Shield 6 plus Somnus. They received a second round on Sept. 15th plus a Pasteurella shot and were wormed with injectable Ivormec. They were lice dipped the last week in December. All bulls have been examined and yearling scrotal measurements have been taken. All coming two year old bulls have been semen tested. All females have been preg checked and are guaranteed bred using Biopryn blood tests. All cattle will sell with proper health papers for interstate shipment anywhere in the USA. BrEEDing guarantee: We offer one of the best guarantees in the industry: We guarantee that all breeding cattle sold by J&N Ranch, both bulls and females, are fertile to the best of our knowledge. To guarantee buyer satisfaction, if a bull purchased in this sale is injured at any time within a year of purchase, so as to make them functionally infertile, we will provide a satisfactory replacement (if available), or issue credit at a future J&N sale equal to the bull s purchase price less the salvage value. If a female is later determined to have been open at the time of the sale, we would offer a credit in the next J&N sale for the difference between her purchase price less the salvage value. We do not guarantee a live calf nor do we guarantee a bred female to breed back in the future. If a problem arises, please contact J&N before you cull the animal so arrangements can be made. This guarantee will not replace a dead animal if it is killed or dies for any reason. We suggest that normal care needs to be exercised for any animal purchased and that yearling bulls not be allowed to get too thin. All claims must be verified by your local veterinarian. We urge all yearling bull buyers to have their bulls semen tested before they turn out. WAtcH A ViDEo of the SAlE cattle: A video of each lot can been seen by going to: www.jnranch.com and clicking on the 2014 Sale Video tab. 21st Annual Production Sale February 8, 2014

Feltons Balder 1905 JN Baldee 126 Jn Balder 8079 HB000856 Vermilion 7337 george 3976 SR MS Mark Dom 5116 reference SirES +5.2 +50 +82 +16 +41 His dam was our top indexing cow. She never weaned a calf with an actual weight less than 600 lbs. This bull combines growth and maternal traits as well as any bull we ve ever had. Feltons Langworth 249 JN Baldee 905 Jn Balder 7130 HB000560 Finks 7243 M of 4131 6148 JN Dominet 417 4ET DOD DOB AcT BW ADJ WW WEANINg RATIO YEARLINg Sc 3-26-2007 84 655 132 41 ADJ YW YEARLINg RATIO DAILY gain ON TEST % HEREFORD HOMOzYgOuS BLAck? 1127 118 N/A 62% No +0.9 +20 +80 +11 +21 7130 is a great heifer bull. A low birth weight bull with very high weaning and yearling ratios. His daughters are fertile and make great cows. He represents 6 generations of J&N Ranch breeding. February 8, 2014 DOB AcT BW ADJ WW WEANINg RATIO YEARLINg Sc 3-4-2008 100 657 113 34 ADJ YW YEARLINg RATIO DAILY gain ON TEST % HEREFORD HOMOzYgOuS BLAck? 1050 112 N/A 62% No Feltons 615 JN Baldee 449 Jn Balder 8622 HB000813 Feltons 613 JN Baldee 237 DOB AcT BW ADJ WW WEANINg RATIO YEARLINg Sc 2-20-2008 90 593 102 35 ADJ YW YEARLINg RATIO DAILY gain ON TEST % HEREFORD HOMOzYgOuS BLAck? 1006 108 N/A 84% Yes +3.9 +55 +91 +15 +42 8622 is homozygous black and homozygous polled. He is a long bodied son of 6449. He is our highest total maternal bull and his calves rank in the top 2% of the breed for yearling weight. That makes him the best breeding son of 6449 we have had. He represents 8 generations of J&N Breeding. Feltons 615 JN Baldee 449 Jn Balder 9405 HB001218 Feltons Long Ton 205 JN Baldee 955 DOB AcT BW ADJ WW WEANINg RATIO YEARLINg Sc 3-6-2009 79 654 112 40 ADJ YW YEARLINg RATIO DAILY gain ON TEST % HEREFORD HOMOzYgOuS BLAck? 1080 107 N/A 82% Yes +0.4 +29 +45 +18 +33 9405 is homozygous black with a low birth weight. Like 8622 he is the product of 8 generations of our breeding. His calves are thick, with a big hip, and wide set feet. JN Balder 2903 Jn Balder 7312 HB000610 BJH Balder 7504 JN Baldee 903 JN Domino 4036B 4ET JN Baldee 312 JN Baldee 073 DOB AcT BW ADJ WW WEANINg RATIO YEARLINg Sc 4-15-2007 80 541 109 N/A ADJ YW YEARLINg RATIO DAILY gain ON TEST % HEREFORD HOMOzYgOuS BLAck? 996 105 N/A 68% Yes +2.7 +49 +52 +14 +39 7312 is a low birth weight, homozygous black bull, that we have used almost exclusively on heifers. He represents 7 generations of J&N breeding. RRH Mr Felt 3008 Schu-lar 5N of 9L 3008 (HYF) Schu-lar 9L OF 1F 821c Schu-lar 3t of 206 5n P42791092 kph Phase 121 Schu-lar 206 of 1H 121 ET Schu-lar 1H OF 1F 597 DOB AcT BW ADJ WW WEANINg RATIO YEARLINg Sc 1-11-2007 89 698 114 37.5 +0.4 +57 +98 +12 +40 3T is homozygous polled with pigment around both eyes. He is genetically a full brother to the famous Accelerated Genetics On Target bull. He is the culmination of 30 years of disciplined genetic selection. A rare combination of low birth, high weaning and yearling weights and a top 10% raking for marbling. Owned in partnership with Genex Cooperative and Schur-Lar Herefords. PW Victor Boomer P606 Remitall Boomer 46B PW Victoria 964 8114 ScHu-lAr 9r of 9l P606 Et P42579584 EF F524 Fellis 821c Schu-lar 9L OF 1F 821C Schu-lar 1F of 26c 517 DOB AcT BW ADJ WW WEANINg RATIO YEARLINg Sc 1-15-2005 39.0 +3.1 +47 +80 +21 +44 9R is the only maternal brother to Schu-Lar 5N, the popular Genex Cooperative sire. His daughters have an average nursing ratio of 102 at Schu-Lar Herefords. He is an udder improver and ranks in the top 10% for marbling among all Herefords. Better Color. Better Carcass. Better Hereford. All Sale cattle are certified Free of all known genetic Defects by the American Black Hereford Association. 21st Annual Production Sale 1

yearling BullS these 45 yearling bulls (the top 50% of our 2013 calf crop) had an actual adj 205 day weight of 647 lbs. that is 12 % heavier per head than the top 45 bulls in our 2012 calf crop. Yet, their actual birth weights were 2 1/2 lbs lighter compared to the previous year. Sixty three percent (63%) of these yearling bulls have a BW EPD that is below the average for the breed. More data like Gain on test, Yearling Ratio, Adj YW and SC will be available on sale day. 401 JN Balder Y918 JN Baldee 918 Jn Balder A316 HB004351 BJH Balder 7504 JN Baldee 316 (IEF) JN Baldee 996 (IE POSS) 402 Jn Balder A404 HB004352 JN Balder 2906 JN Baldee 404 HL Miss Basic 160M 2-22-2013 95 615 99 PB No 3.6 44 75 16 38 403 Jn Balder A406 HB004353 JN Balder 1974 JN Baldee 406 JN Baldee 212 2-22-2013 92 623 101 68% Yes 4.7 50 88 12 37 Jn Balder A482 HB004356 4-3-2013 90 659 107 62% Yes 3.0 41 65 13 33 404 JN Baldee 482 403 JAk L1 Domino L45 JAk Ms Americus g109 4-4-2013 92 668 108 75% No 3.1 45 76 20 43 405 Jn Balder A548 HB004358 Feltons Langworth 249 JN Baldee 548 2-27-2013 90 621 100 80% No 3.2 48 85 13 38 406 JN Balder 7312 JN Balder 2903 JN Baldee 312 Jn Balder A133 HB004402 JN Baldee 1133 JN Baldee 730 3-13-2013 83 638 103 68% No 2.6 41 65 17 38 407 Jn Balder A610 HB004360 JN Baldee 610 JN Baldee 969 405 3-5-2013 93 602 97 72% No 3.8 54 96 9 36 407 2 21st Annual Production Sale February 8, 2014

408 Jn Balder A612 HB004361 Feltons 613 JN Baldee 612 JN Baldee 240 2-23-2013 95 649 105 PB No 2.8 42 67 15 37 412 Jn Balder A738 HB004367 JN Balder 2903 JN Baldee 738 JN Baldee 206 2-22-2013 90 600 97 84% No 2.7 40 63 15 35 409 February 8, 2014 Jn Balder A631 HB004363 JN Balder 2903 JN Baldee 631 410 Baldee 326 3-4-2013 88 684 111 78% No 2.3 45 79 9 32 Jn Balder A713 HB004365 Feltons 620 JN Baldee 713 JN Baldee 481 2-22-2013 95 565 91 80% No 4.8 43 73 13 35 411 Jn Balder A730 HB004366 Feltons Performer 572 JN Baldee 730 De-Horned 409 JN Baldee 136 2-22-2013 85 610 99 78% Yes 2.4 49 83 16 40 413 Jn Balder A746 HB004368 Feltons Performer 572 JN Baldee 746 JN Baldee 477 2-25-2013 85 605 98 78% Yes 2.5 47 78 14 38 414 Jn Balder A747 HB004369 JN Baldee 747 JN Balder 4008 JN Baldee 525 (IEF) 413 414 4-15-2013 90 753 122 82% No 3.5 46 73 14 37 Youngest calf but had the highest adj. WW. His dam is a donor cow for JM Cattle Co. in TN. 21st Annual Production Sale 3

415 417 Jn Balder A811 HB004372 JN Balder 4136 JN Baldee 811 Jn Balder A755 HB004370 JN Balder 4130 JN Baldee 755 JN Baldee 905 2-24-2013 85 689 111 62% No 3.1 47 76 16 39 416 Jn Balder A802 HB004371 JN Baldee 802 De-Horned JN Baldee 136 JN Baldee 428 415 416 2-24-2013 92 658 106 72% Yes 3.6 54 96 12 40 3-8-2013 87 604 98 72% No 3.1 47 79 14 38 418 Jn Balder A822 HB004373 JN Baldee 822 Scurs Removed 419 420 JN Baldee 478 3-3-2013 88 620 100 73% Yes 2.8 50 85 10 35 JN Balder 7312 JN Balder 2903 JN Baldee 312 Jn Balder A138 HB004403 JN Baldee 1138 De-Horned JN Baldee 632 (AMF) 2-13-2013 60 569 92 68% No 2.4 41 64 17 38 421 Schu-Lar 5N Of 9L 3008 (HYF) Schu-Lar 3T Of 206 5N (DLF,HYF,IEF) Schu-Lar 206 Of 1H 121 ET Jn Balder A938 HB004380 JN Balder 6000 JN Baldee 938 JN Baldee 482 Jn Balder A923 HB004377 JN Baldee 923 (AMF) JN Balder 7108 (AMc) JN Baldee 734 419 3-15-2013 88 741 120 77% Yes 2.7 50 87 14 39 3-8-2013 85 706 114 84% No 2.2 51 84 14 40 4 21st Annual Production Sale February 8, 2014

422 Jn Balder A954 HB004382 February 8, 2014 JN Baldee 954 JA L1 Domino 3918N JAk Ms 7085 c M L65 3-28-2013 107 723 117 75% No 1.6 24 40 10 22 423 Jn Balder A967 HB004383 Scurs Removed Schu-Lar 5N Of 9L 3008 (HYF) Schu-Lar 3T Of 206 5N (DLF,HYF,IEF) Schu-Lar 206 Of 1H 121 ET JA L1 Domino 315N (DLF,IEF) JN Baldee 967 F1 JAk Ms 7085 c M N01 2-18-2013 93 693 112 75% No 0.6 28 49 5 19 424 JN Balder 7312 JN Balder 2903 JN Baldee 312 Jn Balder A161 HB004408 JN Baldee 1161 JN Baldee 747 3-12-2013 80 649 105 66% Yes 2.7 41 65 15 36 De-Horned and his dam sells as 496. 425 Jn Balder A452 Et HB004411 Scurs Removed cjh Harland 408 (cdlf,hyf,ief) CH3 Harland s Domette 003X (DLF,HYF,IEF) ch3 gold Dominette 707T 2-1-2013 97 700 ET PB No 3.4 52 89 21 48 421 426 Jn Balder A472 Et HB004412 Scurs Removed cjh Harland 408 (cdlf,hyf,ief) CH3 Harland s Domette 003X ch3 gold Dominette (DLF,HYF,IEF) 707T 1-23-2013 82 619 ET PB No 3.4 52 89 21 48 427 Jn Balder A416 Et HB004413 cjh Harland 408 (cdlf,hyf,ief) CH3 Harland s Domette 003X ch3 gold Dominette (DLF,HYF,IEF) 707T 1-28-2013 90 671 ET PB No 3.4 52 89 21 48 428 Jn Balder A449 Et HB004414 JN Baldee 818 Feltons Performer 572 JN Baldee 525 (IEF) 426 425 2-2-2013 81 526 ET 82% Yes 4.8 51 89 10 36 21st Annual Production Sale 5

429 429 Jn Balder A426 Et HB004416 JN Baldee 818 Feltons Performer 572 JN Baldee 525 (IEF) 1-26-2013 79 564 ET 82% No 3.7 53 92 12 38 430 Jn Balder A006 HB004384 JN Baldee 1006 Scurs Removed JN Baldee 483 4-16-2013 79 721 117 62% Yes 4.9 54 93 13 41 431 Jn Balder A024 HB004385 JN Baldee 1024 431 JN Baldee 862 2-18-2013 90 608 98 77% No 2.9 47 83 12 35 432 Schu-Lar 5N Of 9L 3008 (HYF) Schu-Lar 3T Of 206 5N (DLF,HYF,IEF) Schu-Lar 206 Of 1H 121 ET Jn Balder A030 HB004386 JN Baldee 1030 JN Baldee 491 433 3-5-2013 88 656 106 84% No 2.3 50 84 14 39 Jn Balder A036 HB004387 JN Balder 4136 JN Baldee 1036 Scurs Removed JN Baldee 727 2-25-2013 87 650 105 78% Yes 2.3 43 73 12 34 434 Jn Balder A049 HB004389 JN Balder 4136 JN Baldee 1049 JN Baldee 612 4-15-2013 89 702 113 PB No 2.5 43 68 15 37 435 Jn Balder A055 HB004391 JN Baldee 1055 JN Baldee 531 (IEF) 3-11-2013 95 644 104 81% No 4.4 50 87 6 32 436 JN Balder Y918 Jn Balder A060 HB004392 JN Baldee 918 JN Balder 7108 (AMc) JN Baldee 1060 (AMF) JN Baldee 725 3-29-2013 85 706 114 68% No 1.7 44 69 15 37 6 21st Annual Production Sale February 8, 2014

437 February 8, 2014 Jn Balder A062 HB004393 JN Baldee 1062 438 JN Baldee 493 3-3-2013 92 573 93 76% Yes 1.2 47 85 17 41 Jn Balder A090 HB004395 JN Balder 6000 JN Baldee 1090 JN Baldee 732 2-24-2013 95 620 100 PB No 2.9 43 68 16 38 439 JN Balder 7312 Jn Balder A105 HB004397 JN Baldee 1105 JN Balder 2903 JN Baldee 312 JN Baldee 973 2-10-2013 65 580 94 67% No 1.7 41 64 16 37 440 JN Balder 7312 JN Balder 2903 JN Baldee 312 Jn Balder A123 HB004399 JN Baldee 1123 JN Baldee 617 3-8-2013 86 692 112 68% No 1.9 41 64 19 39 His dam sells as 495 436 441 Jn Balder A451 HB004354 SCHU-LAR 9R OF 9L P606 ET (chb) ScHu-LAR 9L OF 821c JN Baldee 451 JAk Double Take L417 JAk LI Dominette J47 03-14-2013 102 604 98 75% No 5.8 48 82 21 45 442 JN Balder 7312 Jn Balder A140 HB004404 JN Baldee 1140 JN Balder 2903 JN Baldee 312 JN Baldee 929 (AMF) 3-19-2013 85 651 105 68% No 1.7 39 63 14 34 443 Jn Balder A535 HB004357 Feltons Langworth 249 JN Baldee 535 Scurs Removed JN Baldee 049 2-27-2013 82 577 93 80% Yes 4.3 47 80 10 34 444 JN Balder 7312 Jn Balder A146 HB004406 JN Baldee 1146 JN Balder 2903 JN Baldee 312 JN Baldee 932 440 3-4-2013 83 697 113 76% Yes 1.1 43 65 18 40 21st Annual Production Sale 7

JN Balder 7493 Jn Balder A147 HB004407 445 JN Balder 7108 (AMc) JN Baldee 1147 (AMF) JN Baldee 561 (AMF) 3-18-2013 80 648 105 62% No 2.3 44 71 15 37 GZF 928 Turning Point LJR gwen 190R Jn Balder Z025 HB003255 JN Baldee 1025 449 JN Baldee 853 3-4-2012 85 80% No 3.4 26 64 11 24 coming two year old BullS these bulls have been semen tested and trich tested by Dr. McCoole and found to be sound breeders. A copy of the breeding soundness exam will be provided to the buyer. 446 Jn Balder Z005 HB003251 JN Baldee 1005 447 JN Baldee 861 2-22-2012 89 71% Yes 2.8 28 83 9 23 Jn Balder Z010 HB003253 JN Baldee 1010 JN Baldee 122 (AMF) 448 3-8-2012 85 66% No 1.8 21 62 13 24 Jn Balder Z023 HB003352 JN Baldee 023 446 JN Domino 4794E 4 ET A V F georgina 877 2-27-2012 87 67% No 3.1 30 75 13 28 450 Jn Balder Z033 HB003257 JN Balder 6000 JN Baldee 1033 JN Baldee 607 451 453 Jn Balder Z046 HB003262 JN Balder 7312 JN Baldee 1046 JN Baldee 415 2-28-2012 95 70% Yes 3.9 39 90 10 30 JN Balder 7493 GZF 928 Turning Point LJR gwen 190R Jn Balder Z036 HB003258 JN Balder 4136 JN Baldee 1036 JN Baldee 727 452 2-25-2012 75 80% Yes 1.0 33 52 14 31 Jn Balder Z041 HB003260 JN Balder 7493 GZF 928 Turning Point LJR gwen 190R JN Baldee 1041 JN Baldee 827 3-23-2012 92 75% No 3.0 25 63 11 24 2-24-2012 77 67% No 0.9 17 68 13 22 8 21st Annual Production Sale February 8, 2014

454 Jn Balder Z049 HB003264 JN Balder 4136 JN Bladee 1049 JN Baldee 612 455 2-25-2012 95 70% Yes 3.1 29 74 15 30 Jn Balder Z054 HB003267 JN Baldee 1054 JN Baldee 487 456 2-26-2012 88 66% Yes 2.9 31 89 13 29 JN Balder 7493 GZF 928 Turning Point LJR gwen 190R Jn Balder Z055 HB003268 JN Baldee 1055 JN Baldee 531 (IEF) 3-17-2012 83 83% No 3.2 49 71 10 35 458 Jn Balder Z212 HB003185 Feltons Langworth 249 JN Baldee 212 459 JN Baldee 029 2-18-2012 95 68% Yes 4.8 42 69 11 32 Jn Balder Z452 Et HB003409 gdar Royce 131 JN Baldee 905 JN Dominet 529 458 1-25-2012 87 67% Yes 3.1 30 86 10 26 457 Jn Balder Z079 HB003277 JN Baldee 1079 JN Baldee 632 (AMF) 457 2-24-2012 81 68% Yes 2.2 34 79 11 28 460 Jn Balder Z454 HB003204 JN Balder 1974 JN Baldee 454 JN Baldee 242 460 3-2-2012 95 84% No 3.9 46 71 19 42 February 8, 2014 21st Annual Production Sale 9

461 Schu-Lar 5N Of 9L 3008 (HYF) Schu-Lar 3T Of 206 5N (DLF,HYF,IEF) Schu-Lar 206 Of 1H 121 ET Jn Balder Z472 HB003211 E E 740 L1 0279 JN Baldee 472 E E Blackbird 5072 2-17-2012 83 75% No 0.7 16 69 14 22 466 Jn Balder Z722 HB003374 JN Balder 2903 JN Baldee 722 JN Baldee 221 4-9-2012 77 76% Yes 1.8 43 76 15 37 462 Jn Balder Z622 HB003222 Feltons 613 JN Baldee 237 2-27-2012 85 72% Yes 3.6 34 95 17 34 Jn Balder Z630 HB003223 Feltons 613 JN Baldee 630 463 JN Baldee 308 3-12-2012 95 PB No 4.1 10 65 19 24 Jn Balder Z725 HB003376 JN Balder 4130 JN Baldee 725 467 JN Baldee 454 2-23-2012 87 78% Yes 2.6 38 83 15 34 Jn Balder Z713 HB003370 Feltons 620 JN Baldee 713 464 465 JN Baldee 481 2-15-2012 87 80% Yes 3.5 45 73 14 37 Jn Balder Z720 HB003372 JN Balder 2903 JN Baldee 720 (IEF) JN Baldee 422 3-15-2012 91 74% No 1.7 41 65 14 35 Jn Balder Z731 HB003379 JN Baldee 731 468 JN Baldee 040 467 2-23-2012 94 73% Yes 4.0 52 92 10 36 10 21st Annual Production Sale February 8, 2014

469 Jn Balder Z747 HB003227 JN Baldee 747 JN Balder 4008 JN Baldee 525 (IEF) 470 3-18-2012 89 82% No 3.9 43 71 19 41 Jn Balder Z755 HB003382 JN Balder 4130 JN Baldee 755 471 JN Baldee 905 3-4-2012 88 73% Yes 3.0 45 82 12 35 Jn Balder Z778 HB003383 JN Baldee 778 JN Baldee 038 469 471 2-20-2012 93 73% Yes 3.8 55 94 11 39 472 Jn Balder Z811 HB003385 JN Balder 4136 JN Baldee 811 JN Baldee 428 2-19-2012 94 73% Yes 3.9 54 76 15 42 This bull sold in last year s sale for $7,000 to Steven Birkholtz in South Dakota. We ended up trading him our senior herd sire, in order to keep this bull as a backup to breed our heifers. We ended up using JN Balder 7312 again instead. 473 473 Jn Balder Z852 HB003390 Feltons Performer 572 JN Baldee 852 474 JN Baldee 328 3-8-2012 95 82% No 4.3 48 66 14 38 Schu-Lar 5N Of 9L 3008 (HYF) Schu-Lar 3T Of 206 5N (DLF,HYF,IEF) Schu-Lar 206 Of 1H 121 ET Jn Balder Z918 HB003236 JN Baldee 918 JN Balder 6038 JN Baldee 475 (IEF) 472 3-15-2012 77 81% No 0.3 44 65 20 43 February 8, 2014 21st Annual Production Sale 11

475 Jn Balder Z929 HB003399 476 481 JN Baldee 929 (AMF) JN Balder 7108 (AMc) JN Baldee 704 2-22-2012 80 79% Yes 0.8 37 63 19 38 Jn Balder Z954 HB003401 477 JN Baldee 954 JA L1 Domino 3918N JAk Ms 7085 c M L65 3-2-2012 105 67% Yes 4.8 43 79 15 37 Jn Balder Z979 HB003247 JN Balder 6404 SF Lady Jane 349 SF 82S F1 582 477 2-24-2012 91 63% Yes 4.4 39 57 14 34 circle S 1418 Ideal 7085 J A K 7085 C M K22 Hinksons Elba 91121 478 479 Jn Balder y945 HB002463 JN Baldee 945 JN Baldee 535 3-10-2011 84 72% No 2.4 31 67 10 26 Junior Herd Sire. We have used him one season on heifers. 482 Jn Balder Z989 HB003248 SF Hour Til Midnite 7050 SF Midnite Lady 89 SHF Violet 243R 4-10-2012 80 72% No 2.6 47 71 12 36 478 Jn Balder y952 HB002464 JN Balder 4136 JN Baldee 952 FAll calving BrED cows All of the cows have been preg tested save in calf to. His dam 079 cow was our top cow for many years and his sire goes back to both Felton Endurance 745 and Feltons Sounder 912. they will start calving on August 15th. 480 3-5-2011 82 72% No 1.3 31 48 19 34 A Junior Herd Sire we used on heifers last summer. JAk L1 Domino F230 JAK L1 Domino H448 JA L1 Dominette 3206 Jn Baldee 413 NR/1296 kb Maverick 1113 JAK Ms Virginia C101 JAk Ms Advance T35 Jn Baldee 493 NR/1290 T c Prompter 022 JAK Ms Prompter E36 Miss 1689 58 Of zaf 3-7-2004 82 50% No 1.5 44 72 22 44 This is the dam of Jo Bull Advantage JN Y413 12 21st Annual Production Sale February 8, 2014 3-27-2004 85 50% No -0.6 39 58 21 40

483 Feltons Langworth 249 JN Baldee 905 Jn Baldee 606 HB000339 Vermilion 7337 george 3976 JN Baldee 977 484 SR Lady Mark 6155 2-19-2006 82 62% No 4.3 50 74 7 32 Feltons Langworth 249 JN Baldee 905 Jn Baldee 802 HB000808 JN 8323 JN Baldee 136 485 JN Dominet 919 2-16-2008 100 62% No 4.4 57 56 9 38 Jn Baldee 905 F1 NR/2028 486 cl 1 Domino 0157k (DLF,IEF) JA L1 Domino 624S JA L1 Dominette 1252L JAk Double Take P132 JAK Ms D T P132 S350 JAk Ms D T L417 N285 2-4-2009 85 50% No 2.3 45 88 23 45 Jn Baldee 1010 HB001842 487 Feltons 615 JN Baldee 449 Finks 7243 M Of 4131 6148 (AMc) JN Baldee 122 (AMF) JN Dominet 616 2-18-2010 82 69% No 2.6 34 45 15 32 Feltons Performer 572 JN Balder 7108 (AMc) JN Baldee 108 (AMc) Jn Baldee 1060 (AMF) HB001943 JN Balder 4130 JN Baldee 725 JN Baldee 454 3-4-2010 74 74% No 2.2 42 65 20 41 488 Jn Baldee 1113 HB002535 JN Balder 2906 JN Baldee 404 489 490 HL Miss Basic 160M 2-19-2011 86 82% No 4.7 49 84 17 42 Jn Baldee 1163 HB002550 Jn Baldee 1126 HB002477 491 JN Baldee 909 JN Baldee 122 (AMF) JN Baldee 713 2-21-2011 78 75% Yes 2.0 19 49 15 24 Finks 7243 M Of 4131 6148 (AMc) JN Dominet 616 3-7-2011 85 67% No 3.3 42 66 17 38 Jn Baldee 1172 (AMF) HB002554 492 Feltons Performer 572 JN Balder 7108 (AMc) JN Baldee 108 (AMc) JN Baldee 040 JN Domino 4794E 4 ET A V F Erica Parks 654 3-13-2011 88 62% No 4.1 61 71 18 48 JN Balder 9519 JN Baldee 519 Whoosier 77X HB002917 JN Balder 4026 MC Ms Sidney HL Miss Feltons 202M 4-13-2011 80 85% No 3.4 47 64 14 38 February 8, 2014 21st Annual Production Sale 13

493 kcf Bennett 3008 M326 (DLF,HYF,IEF) SHF Rib Eye M326 R117 (DLF,HYF,IEF) HVH Miss Hudson 83k 8M Jn Baldee y4 Et HB002694 BJH Balder 7504 JN Baldee 241 JN Baldee 978 3-12-2011 74 81% No 1.6 13 52 14 21 494 Bar Jz Tradition 434V Efbeef Schu-Lar Proficient N093 gerber 117F Dixie 009k Jn Baldee y6 Et HB002697 BJH Balder 7504 JN Baldee 241 JN Baldee 978 5-4-2011 86 81% No 2.8 29 63 14 29 Donor cows We have flushed both of these cows twice this fall. they sell open with our usual money back guarantee on open females. Return the cow to J&N Ranch within one year if she does not get bred for a full refund on the purchase price. We flushed these cows twice this fall. 495 goes back 13 generations of J&N breeding. She is a half sister to our 956 donor cow and the mother of the 440 bull. 496 is the mother of the 424 bull. She is also the daughter of the 747 donor cow of JM Cattle Co., in TN. They both sell open. 495 Jn Baldee 1123 HB002475 Feltons 613 JN Baldee 617 JN Baldee 138 2-22-2011 84 68% No 4.2 51 79 19 45 496 Jn Baldee 1161 HB002492 JN Baldee 747 JN Balder 4008 JN Baldee 525 (IEF) 496 3-07-2011 91 64% Yes 5.2 52 80 19 45 J&N Steer Feedout Results In the 2013 National Hereford Feedout, J&N steers out of our bulls had an average daily gain of 3.9 lbs compared to the group average of 3.6 lbs. Dry matter conversion on J&N steers was 4.7 compared to the group average of 5.0. Our steers topped the National Hereford Feedout for best feed efficiency. For cost of gain, J&N steers averaged $107.47 compared to the group average of $115.34. These J&N bulls sire calves that produce more meat for less cost. 21st Annual Production Sale February 8, 2014