Genetic INVESTMENT. Bull Sale. Tuesday, March 7, :00 pm (cst) At the Ranch, Arapahoe, NE

Genetic Bull Sale INVESTMENT Tuesday, March 7, 2017 1:00 pm (cst) At the Ranch, Arapahoe, NE

Welcome TO THE SALE! Welcome Cattlemen and Cattlewomen, On behalf of the entire Warner family I would like to invite you to the 2017 Genetic Investment Bull Sale. This is the 19th year we have offered Gelbvieh and Balancer bulls at auction and there were several years prior to that of private treaty sales. If there is anything that comes to mind as I recall the years of doing business it is a feeling of gratitude. We sincerely thank all of our customers (past-current and future) for their dedication and loyalty to our program. I have always tried to maintain a positive view on any and every issue and that stands true today. The current state of the economy and the market in my opinion is that of opportunity. Yes we are not seeing the highs in the market of the recent history but there is still levels of profitability within the next marketing year. Bottom-line is that better cattle are bringing more money and now is the time to invest your dollars aggressively. Warner Beef Genetics has brought forward a set of bulls with the most information possible to you the customers. Only the top 25% of the bull calves born are being offered this year. We have diligently sorted every calf for quality and disposition. With that being said the offering once again has been screened and sorted by DNA, ultrasound and fertility testing. We have not presorted the cattle that we have genetic tested, you have genetic enhanced epd s on every Gelbvieh and Balancer bull in the offering. This is the most accurate information to date on every bull selling. Our relationship to our customers does not stop with sale day or bull delivery. We take great pride in the repeat customers that we work with and that can only be attributed to the quality of the bulls and the warranty that stands behind them. Our bull guarantee is very simple- if you aren t satisfied then we will work diligently to accommodate your needs. The bulls have been handled to meet your needs as a buyer but remain in working condition to insure longevity. I can make the cattle fleshier to suit the eyes on sale day but this only leads to disappointment for both parties in the future. You are buying athletic bulls that will hold up in every environment. You can select your bulls with confidence within this offering. The sire groups are similar to those of the past-sons of Edison, Red Power, Highly Focused, Pension, Go Daddy, and White Sand with the addition of sons of Wide Tracks, Barrett and Roundhouse. I m really excited about all three new sires and the genetics that they offer. I truly believe we have one of the strongest Gelbvieh and Balancer bull batteries in the nation to bring the best selection of bulls forward. There is an added number of Angus bulls in the offering. Select these bulls for both their calving ease and the potential to maintain the proper mix of Continental and British genetics within your calf crop. Feel free to contact us prior to the sale with any questions and we look forward to seeing you on March 7th. The Warner Family DAN, KATE, GENTRY, BERKLEY, KALLAN AND CREYTON DARREN, AMY, AUBREE, BRYSON AND ADDELYN MONTE AND KRISTIE CORY HELMS- ASSISTANT CATTLE MANAGER 42198 Road 721, Arapahoe, NE 68922 Office: 709 6th Street, PO Box 205, Arapahoe, NE 68922 308-962-7976 Dan Warner: 308-962-6511 Monte Warner: 308-268-6020 Darren Warner: 308-268-2031

Genetic Bull Sale INVESTMENT Tuesday, March 7, 2017 1:00 pm (cst) At the Ranch, Arapahoe, NE SALE LOCATION Warner Sale Facility Two miles south of Arapahoe, Nebraska on Hwy. 283, then two miles west on Road 721. SALE DAY PHONES Ranch Office 308-962-5485 Warner Beef Office 308-962-7976 Dan Cell 308-962-6511 Monte Cell 308-962-6136 Darren Cell 308-824-2950 Cory Cell 308-962-4150 Chris Mitchell 334-695-1371 Randy Sienknecht 319-290-3763 Brandon McEndaffer 970-520-3020 AUCTIONEER Tracy Harl 402-461-3575 ACCOMMODATIONS Hunt Nebraska Lodge 308-962-8469 Arapahoe, Nebraska Cobblestone Inn 308-697-4466 Cambridge, Nebraska Super 8 308-995-2793 Holdrege, Nebraska (40 min from sale facility) Sleep Inn & Suites 785-874-5151 Norton, Kansas (30 min from sale facility) Cambridge Bed & Breakfast 308-697-3220 (20 min from sale facility) LIABILITY All persons attending the sale do so at their own risk. The Warners, sale management, and/or the auctioneer assume no liability for accidents, theft or damages on the sale site. SALE DAY MEAL Lunch will be served at 12:00 noon at the sale facility. SUPPLEMENT SHEET A supplement sheet will be available sale day with any additions or corrections to the catalog. Any information on the supplement sheet or announced from the block will take precedence over the catalog. HEALTH TERMS All health work on the sale cattle has been done by Dr. Nathan Hopkins-308-920-3047. All cattle will have all tests and the paperwork to travel anywhere in the Continental United States. TERMS AND CONDITIONS All cattle will be sold at auction under the standard terms and conditions recommended by the American Gelbvieh Association. Terms of the sale will be cash, check or credit card at the conclusion of the sale unless prior arrangements are made. WE RETAIN 1/3 SEMEN INTEREST IN ALL BULLS SOLD IN THIS SALE. VIDEO OF SALE OFFERING View videos of all sale cattle online at www.mms.bz and www.warnerbeef.com www.mms.bz SALE MANAGEMENT BY: Mitchell Marketing Service Chris Mitchell 334-695-1371 Randy Sienknecht 319-290-3763 2262 C Avenue Gladbrook, IA 50635 42198 Road 721, Arapahoe, NE 68922 Office: 709 6th Street, PO Box 205, Arapahoe, NE 68922 Dan Warner: 308-962-6511 Monte Warner: 308-268-6020 Darren Warner: 308-268-2031 Office: 308-962-7976

About the Bulls... View videos online of all sale cattle at www.mms.bz and www.warnerbeef.com Warner Beef Genetics retains 1/3 semen interest in all bulls sold in this sale. WARNER BEEF GENETICS BULL BREEDING GUARANTEE Each bull offered carries a full first season guarantee. This covers all injuries from feet problems, injured penis and death. For any reason that you have a concern about the health of your purchases, please call us here at Warner Beef Genetics. We do ask that if there is a problem with a bull, please notify us before disposal of a bull. This will give us the opportunity to determine the cause of the injury and correct it if possible. All guarantees cannot exceed the purchase price of the bull. We will always do our best to insure that your cows are pregnant with the best bull for you that we have available. HEALTH All bulls selling have passed a complete breeding soundness exam, are guaranteed breeders and qualify for the Warner Beef Genetics Bull Breeding Guarantee. Scrotal measurements will be listed on the supplement sheet on sale day. WINTERING WARNER BULLS Warner Beef Genetics will feed and care for your bull purchases free of charge until April 1, 2017. A cost of feed charge of $3.00 per day will apply after April 1. TRUCKING Free trucking on any purchase to surrounding states and free nation wide trucking for purchase of 4 or more bulls per ranch. GENOMIC ENHANCED EPDS Most bulls have been DNA Tested with Genomic Enhanced EPDs, and are denoted as such in the footnote. Under the EPDs in the sale book is the percentile rank of each EPD in comparison to all Gelbvieh and Balancer cattle in the American Gelbvieh Association registry. Warner Beef Genetics Wins Big in Inaugural Gelbvieh Carcass Contest Results of the inaugural American Gelbvieh Foundation (AGF) Steer Challenge and Scale and Rail Sire-Identified Carcass Contest were announced during the 46th Annual American Gelbvieh Association National Convention awards banquet on Friday, December 3. Breeders from Kansas, Nebraska, and Illinois took home top honors with prize payouts totaling $7,900. The AGF continues to help advance the Gelbvieh breed through its support of research and development. For this reason, the AGF launched its first ever Steer Challenge and Scale and Rail Sire-Identified Carcass Testing Contest. These two projects together provide the information and funds necessary to generate datasets to advance Gelbvieh and Balancer carcass merit. The AGF Steer Challenge was a competition amongst individual Gelbvieh and Balancer-influenced steers in which the judging criteria focused on average daily gain in the feedyard, carcass value and overall top value animal, which combined average daily gain and carcass value. The Steer Challenge gives an opportunity for participants to donate a steer to the AGF. All proceeds from the donation go toward research and development within the Gelbvieh breed. The AGF Sire-Identified Carcass Testing Contest judges steers, which were in a group of three or more animals from the same contemporary group, on these same qualities and also awarded a top-performing pen. In its first year, nine ranches participated with a total of 35 animals on feed at Roode Feedyard in Fairbury, Nebraska. All steers were harvested and values were calculated in July 2016. Warner Beef Genetics, Arapahoe, Nebraska, owned the steer which took second place for top carcass in the Balancer division with a carcass value of $1,114, hot carcass weight of 1,055 pounds, and a 12.5 square inch ribeye. This same steer also placed second for top value animal with a total value of $1,117, USDA Yield Grade 3.8 and quality grade of USDA Choice-. This steer was sired by DCSF Post Rock Highly Focused 308Y8. Warner Beef Genetics also owned the champion pen of Balancer steers with an average top value of $1,374, average USDA Yield Grade of 3.5, and average quality grade of USDA Choice-. They took home $1,400 in prize payouts for their steers performance in the contests. Page 2

2017 Reserve National Champion Balancer Pen of Three LOT 1 DLW DALHART 1206D, LOT 3 DLW EDISON 1142D, LOT 15 DLW TPG DETERMINED 063D ET Page 3

Reserve National Champion Pen of Three Bulls DLW DALHART 1206D SELLS AS LOT 1. 1 DLW DALHART 1206D 50%GV 44%AN Balancer Bull Homozygous Black Homozygous Polled 2/7/2016 DLW 1206D 1358450 EGL LOCK AND LOAD X415 EFFICIENCY NFI EGL BARRETT B050 EGL PEARL P1802 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 DLW MS GOOD NIGHT1206YOF6718 13 2.4 101 150 22 72 8-0.4 61 0.76 0.33 96.27 35% 90% 1% 1% 80% 10% 30% 15% 1% 10% 40% 4% 88 721 1220 37.8 13.8 0.27 1.925 Denver pen bull. Dam is a full sister to the Edison bull and the quality runs deep through this bull s veins. Herd bull deluxe with chart topping performance here. EGL BARRETT B050 SIRE OF LOT 1. Page 4

National Western Bull DLW EDISON 900D SELLS AS LOT 2. 2 DLW EDISON 900D 50%GV 44%AN Balancer Bull Homozygous Black Homozygous Polled 2/12/2016 DLW 900D 1360499 DLW DLW EDISON 6718X O C C MAGNITUDE 805M O C C EMBLAZON 854E DLW 901W O C C POLLYANNA 878G DLW KINGPIN 300N DLW MS 01C 15 1.6 88 118 20 64 7-0.4 41 0.44 0.4 90.61 15% 80% 4% 15% 90% 30% 45% 15% 15% 50% 30% 10% 86 653 1147 35.6 14.48 0.29 3.667 Denver bull! Powerful Edison son out of a favorite cow on the ranch. Super disposition and complete confidence in this bull. DLW DLW EDISON 6718X SIRE OF LOT 2. Page 5

Reserve National Champion Pen of Three Bulls DLW EDISON 1142D SELLS AS LOT 3. Denver Bull! This Edison son has always been a standout and was praised heavily in Denver for his added length of body and structural correctness in a beef bull look. Herd bull potential in this good bull. 3 DLW EDISON 1142D 50%GV 44%AN Balancer Bull Homozygous Black Heterozygous Polled 2/6/2016 DLW 1142D 1360485 17-1.1 88 117 24 68 10-0.49 36 0.57-0.16 81.2 10% 30% 4% 20% 65% 15% 10% 4% 30% 30% >95% 30% 86 678 1162 34.9 15.22 0.15 1.927 DLW DLW EDISON 6718X B C MATRIX 4132 TJB TJB ANISSA 142X ET TJB ANISSA 337M ET O C C EMBLAZON 854E CAF PURE PRIDE EXT 99 VAA LEACHMAN NEW DAY 205B SLC ANITA 19F ET Profit Tips by Sara Brown: Quality Bull Selection can Increase ROI Article from Drovers Journal- January 2017 issue In the process of saving on inputs, some producers might cut back on the money spent for replacement bulls. But using a bull of reduced quality could impact profitability for the next several years due to heavier birth weights, lower weaning weights, lower carcass quality or less desirable replacement heifers. Those who produce calves with desirable genetics and value added traits will have the greatest likelihood of remaining profitable. How can you justify spending more on a quality bull in difficult economic times? Researchers at The Samuel Roberts Noble Foundation say to consider two scenarios. Scenario one: Use an average quality bull that costs $2750. Scenario two: Purchase a high quality bull in the top 20% for weaning weight EPD that costs $3500. Both bulls will remain in the breeding herd for four years and breed 25 cows per year, totaling 100 calves. The annual cost for each bull on a cow basis is $35.60 and $43.10 for scenario one and two respectively. The scenario two bull costs $7.50 per cow more annually compared to the lower quality bull in scenario one. On the revenue side, calves are weaned in early October. Calves from scenario one wean at 535lb. valued at $135 per cwt, or $722 per head. Scenario two calves had heavier weaning weights at 600 lb. valued at $132 per cwt or $792 per head- an increase of $70 per calf from the better bull. Calves from scenario two have a positive net difference of $62.50 more per calf ($70 minus $7.50). Page 6

An exciting fresh sire that offers a new look to the purebred breeders. An ET son of the Matron 802U donor cow that proves her worth with every calf crop. Many will recognize the dam for her progeny of Alumni, Future Trend, New Frontier, Sand Trap, Jackpot, and more females than I can list. This is the first calf crop by CTR Wide Tracks and we can t be more excited! He offers a cow family that blends notable sires like About Time, Sandman, Double Shot, along with several tremendous females. Density offers a contemporary look in a dynamic genetic package that is sure to please the most difficult breeder. Genetic Investment Purebred Gelbvieh Bulls DLW TPG DENSITY 1017D ET SELLS AS LOT 4. 4 DLW TPG DENSITY 1017D ET Purebred 88% Gelbvieh Bull Homozygous Black Homozygous Polled 2/26/2016 DLW 1017D 1358474 RWG TRACTION 7412 RWG ROYAL RESERVE 5066 CTR WIDE TRACK 3706A ET RWG NINE LIFE KITTY 21N JBOB CAROLINA CPR CTR 198L CTR CEDAR TOP S 344C DLW MR KINGSTON 106P DLW MS MATRON 802U DLW 1070M HYLINE RIGHT TIME 338 DLW MISS RT 338 703S ET DLW MS HERO 8862H 11 3.8 94 126 38 85 7-0.46 49 0.76 0.04 83.49 25% 95% 2% 4% 10% 2% 35% 15% 3% 4% 10% 2% 92 683 1184 39.1 15.6 0.26 2.789 5 DLW TPG DASH 1015D ET Purebred 88% Gelbvieh Bull Homozygous Black Homozygous Polled 3/4/2016 DLW 1015D 1358477 RWG TRACTION 7412 RWG ROYAL RESERVE 5066 CTR WIDE TRACK 3706A ET RWG NINE LIFE KITTY 21N JBOB CAROLINA CPR CTR 198L CTR CEDAR TOP S 344C DLW MR KINGSTON 106P DLW MS MATRON 802U DLW 1070M HYLINE RIGHT TIME 338 DLW MISS RT 338 703S ET DLW MS HERO 8862H 12 1.1 91 125 41 86 9-0.44 44 0.71 0 84.65 15% 50% 4% 5% 3% 1% 15% 20% 10% 10% 15% 2% 86 767 1108 38.3 12.83 0.22 2.434 Purebred bull buyers take notice here. Super pedigree with one of the most consistent and dynamic sires available stacked with possibly the most influential female in the breed. Has the herd bull look of the future. DLW TPG DASH 1015D ET SELLS AS LOT 5. Page 7

Genetic Investment Purebred Gelbvieh Bulls DLW TPG DEDICATION 7120D ET SELLS AS LOT 6. 6 DLW TPG DEDICATION 7120D ET Purebred 94% Gelbvieh Bull Homozygous Black Homozygous Polled 2/4/2016 DLW 7120D 1357810 MCJ RJ HIGHLIGHT 732H CTR SARGE 563E CTR HIGHLIGHT 066K MCJ RJ 529E CTR CEDAR TOP S BERKLEY CTRG 442D POW MISS SANDHILLS 65A DLW WARDON 24W OF 408 HYEK BLACK IMPACT 3960N DLW MS WARDON 2510Z ET DLW MS KINGPIN 408P FHG FLYING H EXCLUSIVE FHG FLYING H 217B/EC203N ET CKA WOODLAND BELLE 217B 8 4.7 95 124 31 78 10-0.44 49 0.55 0.26 86.62 65% >95% 2% 5% 40% 10% 10% 20% 3% 25% 1% 1% 89 685 1110 36.2 14.84 0.22 2.807 This PB 94% bull offers the combination of performance and phenotype with history and confidence to the highest degree. Sired by the Highlight 066K bull that needs no introduction in the ability to sire cattle with added carcass but more importantly all the convenience traits that add to feeder calf value and industry acceptance. Maternally, Dedication 7120D marries two top revenue producing females in the Warner Beef program, 408P- dam of DLW Wardon, and 203N- dam of DLW Windsor. It is important to stack cows in the pedigree to insure consistency and this bull maintains several great ones. Use bulls that look like you want your cows to be, if you want them moderate, big bodied and powerful then Dedication 7120D rises to the top. 8 DLW TPG ASTRONAUT 6105D ET Purebred 94% Gelbvieh Bull Heterozygous Black Homozygous Polled 1/29/2016 DLW 6105D 1358478 JKGF FUTURE INVESTMENT X037 JCB LAZY TV BEECH JET R052ET DCSF POST ROCK ASTRONAUT 157A LWHF SANDY 37M MCFG MIDDLE CREEK STAR 10S ET DCSF POST ROCK ELBA 50U2 DCSF POST ROCK ELBA 19R1 DLW WARDON 24W OF 408 HYEK BLACK IMPACT 3960N DLW MS WARDON 2510Z ET DLW MS KINGPIN 408P FHG FLYING H EXCLUSIVE FHG FLYING H 217B/EC203N ET CKA WOODLAND BELLE 217B 10 3.6 85 103 31 74 10-0.42 34 0.4 0.01 75.69 35% 95% 10% 35% 40% 15% 10% 25% 30% 60% 15% 10% 659 1014 36 13.54 0.28 2.458 Really nice purebred bull out of the upcoming donor cow 2510Z. This bull will add depth of body to any calf crop. Page 8 DLW MS WARDON 2510Z ET DAM OF LOTS 6-9. 7 DLW TPG FLASHBACK 1143D ET Purebred 94% Gelbvieh Bull Heterozygous Black Heterozygous Polled 1/30/2016 DLW 1143D 1358483 MCJ RJ HIGHLIGHT 732H CTR SARGE 563E CTR HIGHLIGHT 066K MCJ RJ 529E CTR CEDAR TOP S BERKLEY CTRG 442D POW MISS SANDHILLS 65A DLW WARDON 24W OF 408 HYEK BLACK IMPACT 3960N DLW MS WARDON 2510Z ET DLW MS KINGPIN 408P FHG FLYING H EXCLUSIVE FHG FLYING H 217B/EC203N ET CKA WOODLAND BELLE 217B 9 3.3 82 101 32 73 10-0.46 33 0.41 0.3 81.67 50% 90% 15% 40% 35% 15% 10% 15% 35% 60% 1% 3% 84 681 1038 38 13.16 0.23 2.265 Purebred bull that is a flushmate to the futurity nominee. Here is the smooth made lower birth brother that will add maternal excellence to any cowherd. 9 DLW TPG AIRMAN 065D ET Purebred 94% Gelbvieh Bull Homozygous Black Heterozygous Polled 2/1/2016 DLW 065D 1358480 JKGF FUTURE INVESTMENT X037 JCB LAZY TV BEECH JET R052ET DCSF POST ROCK ASTRONAUT 157A LWHF SANDY 37M MCFG MIDDLE CREEK STAR 10S ET DCSF POST ROCK ELBA 50U2 DCSF POST ROCK ELBA 19R1 DLW WARDON 24W OF 408 HYEK BLACK IMPACT 3960N DLW MS WARDON 2510Z ET DLW MS KINGPIN 408P FHG FLYING H EXCLUSIVE FHG FLYING H 217B/EC203N ET CKA WOODLAND BELLE 217B 11 3 82 108 31 72 9-0.49 37 0.67 0.08 77.64 25% 85% 15% 25% 40% 20% 15% 10% 20% 10% 10% 10% 84 669 1053 36.1 13.52 0.21 1.997 Super purebred herdsire here. Maternal brother to our futurity bull for 2017. The 2510Z cow is quickly becoming our go to purebred donor. Sired by Astronaut, who was my favorite purebred bull to sell that year. Don t miss this good bull.

10 DLW TRACTION 7551C ET Purebred 88% Gelbvieh Bull Homozygous Black Homozygous Polled 9/4/2015 DLW 7551C 1374008 RWG ROYAL RESERVE 5066 JRI EXTRA EXPOSURE 285L71 ET RWG TRACTION 7412 DVE DAVIDSON MS PLD BLK 107L EGL GARTH J040 ET RWG NINE LIFE KITTY 21N TSCC TWIN STAR KITTY 710K KCF BENNETT IDEAL G182 KCF MISS BONUS H321 BAG MR BUD 49J DLW MS 883H 12 1.8 86 111 32 72 8-0.38 37 0.33 0.11 81.88 15% 65% 10% 20% 35% 20% 25% 35% 20% 75% 4% 3% 75 658 965 41 15.4 0.30 2.38 High percentage Traction son out of Edison s mother. Maternal greatness in this long aged bull that will cover more cows. 12 DLW TRACTION 6140C ET Purebred 88% Gelbvieh Bull Heterozygous Black Homozygous Polled 9/8/2015 DLW 6140C 1374012 RWG ROYAL RESERVE 5066 JRI EXTRA EXPOSURE 285L71 ET RWG TRACTION 7412 DVE DAVIDSON MS PLD BLK 107L EGL GARTH J040 ET RWG NINE LIFE KITTY 21N TSCC TWIN STAR KITTY 710K KCF BENNETT IDEAL G182 KCF MISS BONUS H321 BAG MR BUD 49J DLW MS 883H 12 2.2 78 96 31 68 7-0.31 28-0.01 0 73.15 15% 75% 20% 50% 40% 35% 35% 60% 50% >95% 15% 15% 85 648 978 43 15.2 0.28 3.11 Super purebred bull that will make tremendous replacements. Genetic Investment Purebred Gelbvieh Bulls 11 DLW TRACTION 751C ET Purebred 88% Gelbvieh Bull Heterozygous Black Homozygous Polled 9/2/2015 DLW 751C 1374007 RWG ROYAL RESERVE 5066 JRI EXTRA EXPOSURE 285L71 ET RWG TRACTION 7412 DVE DAVIDSON MS PLD BLK 107L EGL GARTH J040 ET RWG NINE LIFE KITTY 21N TSCC TWIN STAR KITTY 710K KCF BENNETT IDEAL G182 KCF MISS BONUS H321 BAG MR BUD 49J DLW MS 883H 11 2.1 82 109 31 70 9-0.25 36-0.1-0.03 74.84 25% 70% 15% 25% 40% 25% 15% 80% 25% >95% 20% 10% 82 636 969 41.5 15.9 0.30 1.89 Flush brother out of the 6718S cow. Solid purebred bull that will enhance any program. 13 BMCE MAC JACKPOT 299D Purebred 94% Gelbvieh Bull Homozygous Black Homozygous Polled 2/19/2016 BMCE 299D 1362388 DDGR NAVAHO 188X RED FORTUNATE 681S DVE DAVIDSON JACKPOT 74Z DDGR MANDY 32S DVE DAVIDSON PLD BLK JIM 6L DVE DAVIDSON MS JIM 61T DVE DAVIDSON MS JULIO 175P TAU GUNSLINGER 19U SGRI HONOR ROLL S232 BMCE /\_WENDI 299Z TAU GUNNISON 5151R HYEK BLACK IMPACT 3960N KMAC TM WENDI 939W JTKD 539R 10 1.8 94 123 30 77 6-0.35 44 0.41 0.18 87.55 35% 65% 2% 10% 45% 10% 50% 45% 10% 60% 2% 1% 88 640 1101 39.2 14.27 0.27 2.526 299D is a purebred Gelbvieh with a stacked pedigree of good, moderate, soft made cattle. Black Impact, Gunslinger, and Jackpot combine with a cow family that traces back to a donor dam at McEndaffer s. 14 BMCE MAC JACKPOT 935D Purebred 94% Gelbvieh Bull Heterozygous Black Homozygous Polled 2/3/2016 BMCE 935D 1362397 DDGR NAVAHO 188X RED FORTUNATE 681S DVE DAVIDSON JACKPOT 74Z DDGR MANDY 32S DVE DAVIDSON PLD BLK JIM 6L DVE DAVIDSON MS JIM 61T DVE DAVIDSON MS JULIO 175P HYEK BLACK IMPACT 3960N HYEK BLACK IMPULSE 1296L KMAC TM MS IMPACT 935W HYEK BLACK RUBY 9604J JCGR BAR GT MACH ONE 54L JCGR BAR GT MS 35N JCGR BAR GT MS 401K ET 7 3.4 96 124 37 79 3-0.35 47 0.45 0.15 85.79 75% 90% 2% 5% 10% 5% 85% 45% 4% 50% 3% 2% 93 646 1220 38.3 13.99 0.21 1.572 935D is a purebred Gelbvieh with good growth and length. Out of a productive cow that weans a heavy calf each year. Page 9

Genetic Investment Balancer Bulls DLW TPG DETERMINED 063D ET SELLS AS LOT 15. 15 DLW TPG DETERMINED 063D ET 50%GV 50%AN Balancer Bull Homozygous Black Heterozygous Polled 2/8/2016 DLW 063D 1357811 C R A BEXTOR 872 5205 608 B A R EXT TRAVELER 205 G A R PROPHET CRA LADY JAYE 608 498 S EASY SS OBJECTIVE T510 0T26 G A R OBJECTIVE 1885 G A R 1407 NEW DESIGN 2232 DLW WARDON 24W OF 408 HYEK BLACK IMPACT 3960N DLW MS TYRA 2520Z ET DLW MS KINGPIN 408P KCF BENNETT LANDMARK J377 EGL TYRA R044 EGL FARAH 20-0.4 107 161 42 96 9-0.37 64 0.87 0.86 120.5 1% 40% 1% 1% 1% 1% 20% 20% 1% 4% 1% 1% 756 1285 37.8 16.23 0.36 3.06 Our balancer futurity prospect for 2017. This bull is as right for the industry as we have ever produced. Easy calving, high performance, maternal, high carcass, product of our ET program, son of the tremendous Tyra donor. Herd Bull Alert! We plan to use this bull back in our program, join us and enjoy the outcome. 16 DLW TPG TOOL CHEST 1140D ET 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 2/11/2016 DLW 1140D 1358487 G A R PREDESTINED B/R NEW DESIGN 036 PA POWER TOOL 9108 G A R EXT 4206 BON VIEW NEW DESIGN 208 SHAMROCKS BEEBEE QUEEN 3095 SHAMROCK S BEEBE QUEEN 1823 DLW WARDON 24W OF 408 HYEK BLACK IMPACT 3960N DLW MS TYRA 2520Z ET DLW MS KINGPIN 408P KCF BENNETT LANDMARK J377 EGL TYRA R044 EGL FARAH 17-0.8 98 152 39 85 7-0.49 58 1.1 0.61 109.04 10% 35% 1% 1% 2% 1% 45% 4% 1% 1% 10% 1% 84 709 1238 39.4 16.02 0.27 2.885 Herd bull prospect in this deep,soggy, bull direct from the ET program. Page 10 DLW TPG TOOL CHEST 1140D ET SELLS AS LOT 16. 17 DLW TPG TOOL CHEST 053D ET 50%GV 50%AN Balancer Bull Homozygous Black Heterozygous Polled 2/5/2016 DLW 053D 1358485 G A R PREDESTINED B/R NEW DESIGN 036 PA POWER TOOL 9108 G A R EXT 4206 BON VIEW NEW DESIGN 208 SHAMROCKS BEEBEE QUEEN 3095 SHAMROCK S BEEBE QUEEN 1823 DLW WARDON 24W OF 408 HYEK BLACK IMPACT 3960N DLW MS TYRA 2520Z ET DLW MS KINGPIN 408P KCF BENNETT LANDMARK J377 EGL TYRA R044 EGL FARAH 18 0.3 96 144 40 88 6-0.51 55 1.11 0.67 108.15 3% 55% 2% 2% 1% 1% 60% 3% 2% 1% 5% 1% 82 717 1231 38.2 15.81 0.23 2.156 Flush brother to 1140D! Out of the great 2520Z donor that you will be hearing a lot about in the future. Denver bull alternate.

Genetic Investment Balancer Bulls DLW RANCHER 102C ET SELLS AS LOT 18. 18 DLW RANCHER 102C ET 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 10/20/2015 DLW 102C 1374009 KCF BENNETT U271 KCF BENNETT S30 KCF BENNETT X514 KCF MISS J47 M184 KCF BENNETT LANDMARK J377 KCF MISS LANDMARK N413 KCF MISS 155E K443 G A R PREDESTINED B/R NEW DESIGN 036 MAPLECREST RITA K0131 G A R EXT 4206 BON VIEW NEW DESIGN 1407 G A R 1407 NEW DESIGN 1063 G A R PRECISION 819 13 0.5 103 149 30 79 5-0.52 58 1.26 0.64 108.63 35% 60% 1% 1% 25% 2% 75% 3% 1% 1% 10% 1% 80 820 1147 40.9 14.09 0.46 1.812 ET son of a favorite Angus donor cow. The X514 sire did a tremendous job of siring powerfully made cattle that excelled in weight. Look for this bull to do the same with added softness and correctness. The best bull of the flush with a powerful set of sisters as well. Herd bull prospect. MAPLECREST RITA K0131 DAM OF LOT 18. Page 11

Genetic Investment Balancer Bulls DLW TPG ASTRONAUT 075D ET SELLS AS LOT 19. 20 DLW TPG ASTRONAUT 1145D ET 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 1/29/2016 DLW 1145D 1360004 JKGF FUTURE INVESTMENT X037 JCB LAZY TV BEECH JET R052ET DCSF POST ROCK ASTRONAUT 157A LWHF SANDY 37M MCFG MIDDLE CREEK STAR 10S ET DCSF POST ROCK ELBA 50U2 DCSF POST ROCK ELBA 19R1 G A R PREDESTINED B/R NEW DESIGN 036 CHAIR ROCK PREDESTINED 7065 G A R EXT 4206 G A R GRID MAKER CHAIR ROCK GRID MAKER 4074 CHAIR ROCK GAR2569/T510 C158 12 0.3 77 109 32 69 9-0.48 34 0.84 0.8 96.79 45% 55% 20% 35% 15% 15% 20% 5% 35% 5% 2% 4% 82 668 1055 35.2 12.63 0.29 3.928 High marbling balancer out of the Chair Rock donor cow. This bull will sire calves the feeding industry will love. 22 DLW TPG ASTRONAUT 702D ET 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 2/4/2016 DLW 702D 1360008 JKGF FUTURE INVESTMENT X037 JCB LAZY TV BEECH JET R052ET DCSF POST ROCK ASTRONAUT 157A LWHF SANDY 37M MCFG MIDDLE CREEK STAR 10S ET DCSF POST ROCK ELBA 50U2 DCSF POST ROCK ELBA 19R1 G A R PREDESTINED B/R NEW DESIGN 036 CHAIR ROCK PREDESTINED 7065 G A R EXT 4206 G A R GRID MAKER CHAIR ROCK GRID MAKER 4074 CHAIR ROCK GAR2569/T510 C158 10 1 88 127 33 74 10-0.45 46 0.9 0.86 103.59 65% 70% 4% 10% 10% 5% 10% 10% 10% 3% 1% 1% 83 687 1093 37.4 12.27 0.29 4.209 High marbling balancer bull. Sure to sire grid topping calves every time. DLW ASTRONAUT 5010C ET SELLS AS LOT 24. Page 12 19 DLW TPG ASTRONAUT 075D ET 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 2/4/2016 DLW 075D 1360007 JKGF FUTURE INVESTMENT X037 JCB LAZY TV BEECH JET R052ET DCSF POST ROCK ASTRONAUT 157A LWHF SANDY 37M MCFG MIDDLE CREEK STAR 10S ET DCSF POST ROCK ELBA 50U2 DCSF POST ROCK ELBA 19R1 G A R PREDESTINED B/R NEW DESIGN 036 CHAIR ROCK PREDESTINED 7065 G A R EXT 4206 G A R GRID MAKER CHAIR ROCK GRID MAKER 4074 CHAIR ROCK GAR2569/T510 C158 12 0.4 80 118 34 70 10-0.49 40 0.93 0.85 100.3 45% 60% 15% 15% 10% 10% 10% 4% 20% 3% 2% 2% 86 665 1081 41.4 13.92 0.26 4.828 Homo black bull that will add maternal excellence to any cowherd. Out of a tremendous Angus donor cow. 21 DLW TPG DIPPER 7025D ET 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 1/27/2016 DLW 7025D 1360003 JKGF FUTURE INVESTMENT X037 JCB LAZY TV BEECH JET R052ET DCSF POST ROCK ASTRONAUT 157A LWHF SANDY 37M MCFG MIDDLE CREEK STAR 10S ET DCSF POST ROCK ELBA 50U2 DCSF POST ROCK ELBA 19R1 G A R PREDESTINED B/R NEW DESIGN 036 CHAIR ROCK PREDESTINED 7065 G A R EXT 4206 G A R GRID MAKER CHAIR ROCK GRID MAKER 4074 CHAIR ROCK GAR2569/T510 C158 11 0.1 80 116 33 70 11-0.49 38 0.93 0.79 98.63 55% 50% 15% 20% 10% 10% 4% 4% 25% 3% 2% 3% 82 605 1001 35.6 12.17 0.21 3.346 Smooth made balancer bull out of the Chair Rock donor and Astronaut. Fresh pedigree consistent in quality. 23 DLW TPG KINGSTON 260D ET 38%GV 56%AN Balancer Bull Homozygous Black Homozygous Polled 2/4/2016 DLW 260D 1360011 KCF BENNETT IDEAL G182 DLW MR KINGSTON 106P KCF MISS BONUS H321 JCGR BAR GT EINSTEIN DLW 1070M DLW 884K G A R PREDESTINED B/R NEW DESIGN 036 CHAIR ROCK PREDESTINED 7065 G A R EXT 4206 G A R GRID MAKER CHAIR ROCK GRID MAKER 4074 CHAIR ROCK GAR2569/T510 C158 10 1.1 99 154 33 77 10-0.41 62 0.82 0.8 109.16 65% 75% 1% 1% 10% 3% 10% 15% 1% 10% 2% 1% 80 634 1134 36.9 13.19 0.17 3.797 Tremendous Balancer bull with an elite pedigree. Kingston is the sire of the 802U donor that has produced several breed leaders. Take notice of the balanced trait excellence in this high growth bull with added marbling. 24 DLW ASTRONAUT 5010C ET 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 9/3/2015 SINK 5010C 1344364 JKGF FUTURE INVESTMENT X037 JCB LAZY TV BEECH JET R052ET DCSF POST ROCK ASTRONAUT 157A LWHF SANDY 37M MCFG MIDDLE CREEK STAR 10S ET DCSF POST ROCK ELBA 50U2 DCSF POST ROCK ELBA 19R1 B C LOOKOUT 7024 O C C LEGEND 616L TSE MS MICKEY 9312 GIBBET HILL MIGNONNE E37 S A F 598 BANDO 5175 ALCOVY RIVER GRACIE 312 B F GREENLEE ROSE 116 17-1.5 72 102 31 65 9-0.5 27 0.9 0.76 96.38 10% 20% 35% 50% 20% 25% 20% 4% 65% 3% 3% 4% 65 638 1093 41 16 0.31 3.90 Homozygous black and homozygous polled son of the syndicated Astronaut sire. His donor dam has proved herself quit well putting 4 sons in this sale alone and there will be several more in the future. Use this bull to make the replacement females for your herd.

Genetic Investment Balancer Bulls DLW EDISON 580C SELLS AS LOT 25. 25 DLW EDISON 580C 63%GV 31%AN Balancer Bull Heterozygous Black Homozygous Polled 9/11/2015 SINK 580C 1341167 DLW DLW EDISON 6718X DTKF FAITH S CHESTER 121U ET RAW MISSISSIPPI GAMBLER SINK LEE ANN BDCG DC FAITH 111P PARTISOVER PRECISION 243 VER LEE ANN 504P VER LEE ANN 318M ET 14-0.1 92 117 30 72 12-0.51 37 0.59-0.27 79.1 25% 50% 3% 20% 25% 10% 2% 3% 25% 25% >95% 35% 86 632 1068 39 17 0.21 1.93 Another great Edison son. We cannot say enough good about the Edison cattle, they are true beef cattle that will add pounds, and make the females to retain in your program. His dam traces back to the original Lee Ann cow that has been outstanding in the Verner Farms program in Georgia. 27 DLW EDISON 2011D 63%GV 18%AN 12%AR Balancer Bull Heterozygous Black Homozygous Polled 3/1/2016 DLW 2011D 1360472 DLW DLW EDISON 6718X DLW RED POWER 583U HXC LCC GRAVITY B252L DLW MS POWER 2011Z ET DLW MS FINANCE 583R SKS HIGHLAND HERO 511E DLW MS HERO 840H DLW MS 01C 14-0.1 89 116 19 64 11-0.64 37 1.05 0.05 85.08 25% 50% 4% 20% 90% 30% 4% 1% 25% 1% 90% 20% 84 691 1239 37.1 15.42 0.2 2.747 Huge ribeye in a high performing bull. 26 DLW EDISON 2009D 50%GV 44%AN Balancer Bull Homozygous Black Homozygous Polled 3/25/2016 DLW 2009D 1360483 DLW DLW EDISON 6718X DLW STOUT 695S ET HYLINE RIGHT TIME 338 DLW MS STOUT 2009Z ET DLW MS HERO 8862H MLH GOLDRUSH VISA J40 MLH MISS GOLDRUSH M80 MISS GOLDRUSH STOCKMAN J300 13-0.3 92 125 18 62 13-0.52 42 0.74 0.06 86.71 35% 45% 3% 10% 95% 40% 1% 3% 15% 10% 85% 15% 84 723 1165 34.4 14.56 0.22 2.436 Younger bull in the sale. Don t let this bull s maturity scare you, Thick made bull that will sire heavy muscled feeder cattle. 28 DLW EDISON 206D 50%GV 44%AN Balancer Bull Homozygous Black Homozygous Polled 3/15/2016 DLW 206D 1360484 DLW DLW EDISON 6718X CTR INDUSTRY 800 CONNEALY INDUSTRY 5634 DLW MS INDUSTRY 206Z OF 9904 CTR PRIMROSE 3932 GKT BUD 11G XXB MISS JANINE 904H XXB MISS IMPRINT 362C 12-0.1 92 113 18 65 13-0.54 35 0.79-0.07 82.2 45% 50% 3% 25% 95% 25% 1% 2% 30% 10% >95% 25% 81 823 1208 39 15.14 0.21 2.394 Low birth, huge weaning bull that is sure to be a crowd favorite. Mother has consistently sold top end bulls and front end replacements. Page 13

Genetic Investment Balancer Bulls DLW EDISON 3049D SELLS AS LOT 29. 29 DLW EDISON 3049D 50%GV 31%AN 12%AR Balancer Bull Heterozygous Black Homozygous Polled 2/1/2016 DLW 3049D 1360525 13 1.3 96 114 19 67 10-0.51 37 0.65-0.02 84.07 35% 75% 2% 25% 90% 20% 10% 3% 25% 20% 95% 20% 90 644 1103 39.1 13.52 0.15 2.58 Stout made Edison son out of a powerful Red Power daughter. Page 14 DLW DLW EDISON 6718X DLW RED POWER 583U DLW MS POWER 3049A ET HXC LCC GRAVITY B252L DLW MS FINANCE 583R BAG MR BUD 49J DLW MS 883H 31 DLW EDISON 590C 63%GV 31%AN Balancer Bull Heterozygous Black Homozygous Polled 9/23/2015 SINK 590C 1341303 DLW DLW EDISON 6718X JEMG PRECISION PLUS T167 ET G A R PRECISION 1680 SINK ROCHELLE EGL F062 MAC MR VALHALLA 539M ET SINK ROCHELLE WPC MISS COCOA 107J 14 0.3 92 109 21 66 12-0.61 33 0.85-0.15 80.66 25% 55% 3% 35% 85% 20% 2% 1% 40% 5% >95% 30% 87 614 1123 38.5 15.1 0.18 1.98 590C is a true performance animal that has a modest birth to outstanding growth on his EPD profile. The 107 cow family has been real time producing cattle for our program that work from all angles. DLW DLW EDISON 6718X SIRE OF LOTS 25-35, 37. 30 DLW EDISON 581C 25%GV 69%AN Balancer Bull Homozygous Black Homozygous Polled 9/11/2015 SINK 581C 1341326 DLW DLW EDISON 6718X S A V BISMARCK 5682 G A R GRID MAKER MS BISMARK 69Z S A V ABIGALE 0451 G A R CONCRETE JEM MISS EMILY 69X CHAIR ROCK 5050 G A R 6053 16 0 92 133 21 65 12-0.63 48 1.26 0.41 97.37 10% 50% 3% 4% 85% 25% 2% 1% 5% 1% 30% 3% 88 669 1139 39 17 0.26 2.70 If you are in search of a homozygous black and homozygous polled herd sire than you will want to evaluate 581C. His Bismarck dam did an excellent job and he has been a standout since birth. A bull that excels in growth and will leave mouthwatering daughters to retain in your program. Edison sires cattle that are truly the commercial man s kind. 32 DLW EDISON 3051D 50%GV 31%AN 12%AR Balancer Bull Heterozygous Black Homozygous Polled 2/20/2016 DLW 3051D 1373983 DLW DLW EDISON 6718X DLW RED POWER 583U HXC LCC GRAVITY B252L DLW MS POWER 3051A ET DLW MS FINANCE 583R BAG MR BUD 49J DLW MS 883H 13 2.2 106 136 22 72 10-0.56 51 1.08 0.04 91.58 35% 90% 1% 3% 80% 10% 10% 2% 3% 1% 90% 10% 88 735 1194 41.7 14.85 0.18 3.39 High performance Edison son out of another top Red Power female. This bull is sure to sire heavy feeder cattle with added muscle and width.

33 DLW EDISON 593C 38%GV 56%AN Balancer Bull Homozygous Black Homozygous Polled 9/27/2015 SINK 593C 1341311 DLW DLW EDISON 6718X S A V BISMARCK 5682 G A R GRID MAKER MSH MS BISMARK 11Y S A V ABIGALE 0451 WOODHILL FORESIGHT MSH MISS FORESIGHT 9W ET MSH 13G ET 14 1.3 96 125 22 66 11-0.63 44 1.11 0.14 90.03 25% 75% 2% 10% 80% 20% 4% 1% 10% 1% 75% 10% 90 711 1124 42 17.3 0.25 1.94 An outstanding Edison son that has an awesome Bismarck dam. A true performance bred individual that came easily and really performed to weaning. The Edison sons and daughters are an true standouts in any program. 34 BMCE MAC EDISON 861D 63%GV 31%AN Balancer Bull Homozygous Black Homozygous Polled 2/5/2016 BMCE 861D 1362396 DLW DLW EDISON 6718X JOB DANELL DIAMOND SIX 41L MLLC M/L ENCORE KMAC TM MS DIAMOND 861U JOB PLD DANELL DIAMOND 18H 3M MR DIRECTION 9535 KMAC TM 611S OF 9535 DLW MS VISION 211M 14 0.7 77 97 24 56 10-0.59 27 0.86 0 75.79 25% 65% 20% 60% 65% 70% 10% 1% 65% 4% 95% 45% 90 680 1076 39.4 12.91 0.19 1.68 861D is a solid, stout, easy fleshing Edison son that should make any commercial cowman money. His steers should grow fast, and his daughters should make moderate, soft, great udder replacements. 35 DLW EDISON 020D 50%GV 44%AN Balancer Bull Homozygous Black Homozygous Polled 2/8/2016 DLW 020D 1360494 DLW DLW EDISON 6718X EGL TENDERLOIN N407 EGL TARGET 1148 XXB MISS TENDERLOIN 020X EGL ALEXANDRA L280 XXB LUDACRIS 039S ET XXB HYPNOTIQ XXB MARGARITA 628S 20-3.4 82 116 14 53 14-0.6 33 0.96 0.18 89.8 1% 5% 10% 20% >95% 85% 1% 1% 40% 2% 65% 10% 75 666 1046 39.5 13.72 0.22 3.164 I really like this Edison son. We retained a full brother that we use on heifers. Don t miss this one. 36 DLW LITTLE EDISON 134D 38%GV 56%AN Balancer Bull Homozygous Black Homozygous Polled 2/11/2016 DLW 134D 1373202 DLW DLW EDISON 6718X DLW EDISON S A V BISMARCK 5682 DLW MS BISMARK 045X EBY NEW DESIGN 8083U DLW MS GOOD NIGHT 134Y OF 612 HYLINE RIGHT TIME 338 DLW MS RIGHT TIME 612S DLW MS ECHO 326N 19-0.9 101 137 27 73 12-0.34 48 0.42 0.21 98.23 2% 30% 1% 3% 45% 10% 2% 25% 5% 55% 60% 3% 81 673 1083 33.6 14.97 0.19 2.159 Here is a sharp looking Balancer bull that will sire some excellent replacement females and sale topping feeder cattle. Genetic Investment Balancer Bulls DLW EDISON 593C SELLS AS LOT 33. BMCE MAC EDISON 861D SELLS AS LOT 34. DLW EDISON 020D SELLS AS LOT 35. 37 DLW EDISON 191D 50%GV 44%AN Balancer Bull Homozygous Black Homozygous Polled 2/8/2016 DLW 191D 1373984 DLW DLW EDISON 6718X SCC MR FINAL ANSWER-44W S A V FINAL ANSWER 0035 DLW MS LAST CALL 191Y OF 6006 PLATTEMERE QUEENIE 647 RTC ATLAS 712G RBS S6 RBS LUCY 120L 18-1.4 91 113 24 64 13-0.7 33 1.26 0.15 91.87 3% 25% 3% 25% 65% 30% 1% 1% 40% 1% 70% 10% 79 638 1038 35.5 14.77 0.19 1.913 Moderate framed meatwagon in this bull. Cow is a top end Last Call daughter. Page 15

Genetic Investment Balancer Bulls BMCE MAC EDISON 193D SELLS AS LOT 38. 39 BMCE MAC EDISON 050D 63%GV 34%AN Balancer Bull Homozygous Black Heterozygous Polled 3/17/2016 BMCE 050D 1362374 DLW DLW EDISON 6718X DLW EDISON JRI DARK SECRET 207T611 DLW MS SECRET 019X SPADES PRIDE 243 OF 426 HYEK BLACK IMPACT 3960N HYEK BLACK IMPULSE 1296L BMCE TM NIKKI 050X HYEK BLACK RUBY 9604J BTI EXTRA 2106K ET BMCE TM NIKKI 850U ET KG NIKKI 17-1.5 77 105 24 59 8-0.44 29 0.49 0.27 85.84 10% 20% 20% 40% 65% 55% 30% 10% 55% 40% 50% 15% 84 727 1179 38.2 13.11 0.29 3.329 050D is a solid, well designed bull out of one of the deepest sided cows in the McEndaffer herd. He had the highest WW ratio of 111 at McEndaffer beef, and had an IMF ratio of 134. 38 BMCE MAC EDISON 193D 50%GV 44%AN Balancer Bull Homozygous Black Homozygous Polled 1/29/2016 BMCE 193D 1362382 DLW DLW EDISON 6718X CONNEALY RIGHT ANSWER 746 S A V FINAL ANSWER 0035 BMCE TM ANSLEY 193Y HAPPY DELL OF CONANGA 262 HYEK BLACK IMPACT 3960N KMAC TM MS IMPACT 935W JCGR BAR GT MS 35N 16-0.1 98 133 27 69 8-0.36 47 0.38 0.34 97.99 10% 50% 1% 4% 45% 15% 30% 25% 10% 65% 40% 3% 86 648 1181 36.2 13.84 0.2 2.083 193D is a moderate, long sided Edison son that does a lot things right. He should add weight to calves, and his dam has a good udder. 40 BMCE MAC EDISON 286D 50%GV 41%AN Balancer Bull Homozygous Black Homozygous Polled 3/4/2016 BMCE 286D 1347576 DLW DLW EDISON 6718X DLW EDISON JRI DARK SECRET 207T611 DLW MS SECRET 019X SPADES PRIDE 243 OF 426 BMCE NICHOLAS 750T ET BTI EXTRA 2106K ET BMCE /\_ MS DIAMOND 286Z KG NIKKI JOB DANELL DIAMOND SIX 41L KMAC TM MS DIAMOND 861U KMAC TM 611S OF 9535 19-4 62 73 21 51 12-0.48 6 0.32 0.16 76.82 2% 3% 70% >95% 85% 90% 2% 5% >95% 75% 70% 45% 78 665 1178 39.7 16.76 0.31 2.557 286D is out of a great, young cow made for short grass country. Same cow family as the 861D bull in this sale. Complete bull, scanned with a 16.76 Adj REA; he won t disappoint. $mart Select Service How well do you really know your cows? Get to know them better through Smart Select Service. Smart Select Service is an online record management database that gives the commercial producer, regardless of breed, genetic tools generated from their cows records. For just $1 per head annually, these tools can then be used to make sound breeding decisions that will identify the cows that will increase herd productivity and profitability. Genetic Tools: -Feeder Profit Index (FPI): Index for selecting progeny to perform in the feedyard and on the rail. -Stayability (ST score): Gauge the reproductive longevity of the herd. Herd Reports: -Progeny Report -Herd Sires Report -Dam Production Report -Herd Summary Report Enrollment is easy and open for all females in the herd, including potential replacement females and mature cows. Simply enter basic information such as animal ID, estimated birth date, and possible sire and dam during initial cow enrollment. Members of Smart Select Service also gain free access to professional and knowledgeable American Gelbvieh Association staff to aid in development of a management plan best serving the interest of each ranch. Contact the American Gelbvieh Association at 303-465-2333 for more information and to get started with Smart Select Service today. Page 16

Genetic Investment Balancer Bulls CTR WIDE TRACK 3706A ET SIRE OF LOTS 41-44. 41 DLW TRACKS 908D ET 50%GV 47%AN Balancer Bull Homozygous Black Homozygous Polled 2/1/2016 DLW 908D 1360531 RWG TRACTION 7412 RWG ROYAL RESERVE 5066 CTR WIDE TRACK 3706A ET RWG NINE LIFE KITTY 21N JBOB CAROLINA CPR CTR 198L CTR CEDAR TOP S 344C S A V BISMARCK 5682 G A R GRID MAKER DLW MS BISMARK 045X S A V ABIGALE 0451 MYTTY IN FOCUS EBY NEW DESIGN 8083U EBY BON VIEW NEW DISIGN 17-1.9 78 106 30 69 9-0.5 29 0.75 0.49 93.29 10% 15% 15% 40% 25% 15% 20% 4% 55% 10% 20% 10% 90 583 1019 37.3 13.21 0.25 2.294 Flush brother to 882D- Keep these brothers together and improve quality and consistency of your calf crop. 43 DLW TRACK 215D 75%GV 25%AN Balancer Bull Homozygous Black Homozygous Polled 2/27/2016 DLW 215D 1360478 RWG TRACTION 7412 RWG ROYAL RESERVE 5066 CTR WIDE TRACK 3706A ET RWG NINE LIFE KITTY 21N JBOB CAROLINA CPR CTR 198L CTR CEDAR TOP S 344C DLW WARDON 24W OF 408 HYEK BLACK IMPACT 3960N DLW MS WARDON 215Z OF 551 DLW MS KINGPIN 408P N BAR PRIME TIME D806 SPADES PRIDE 551-604 C S S PRIDE 604 OF 4168 16-0.2 77 113 33 69 9-0.22 36 0.05 0.68 94.61 10% 45% 20% 25% 10% 15% 20% 60% 30% >95% 5% 5% 81 667 1087 35.5 16.08 0.24 2.69 Higher percentage balancer bull that is extremely maternal oriented. 42 DLW TRACKS 882D ET 50%GV 47%AN Balancer Bull Homozygous Black Homozygous Polled 2/9/2016 DLW 882D 1360532 RWG TRACTION 7412 RWG ROYAL RESERVE 5066 CTR WIDE TRACK 3706A ET RWG NINE LIFE KITTY 21N JBOB CAROLINA CPR CTR 198L CTR CEDAR TOP S 344C S A V BISMARCK 5682 G A R GRID MAKER DLW MS BISMARK 045X S A V ABIGALE 0451 MYTTY IN FOCUS EBY NEW DESIGN 8083U EBY BON VIEW NEW DISIGN 17 0.8 84 116 30 72 8-0.41 39 0.59 0.52 94.05 10% 65% 10% 20% 25% 10% 30% 15% 20% 25% 15% 5% 88 622 909 37.5 11.66 0.13 2.862 Wide Track son of the 045X cow that has raised several sale toppers. Female maker here. 44 DLW TRACKS 139D 63%GV 31%AN Balancer Bull Heterozygous Black Heterozygous Polled 2/4/2016 DLW 139D 1360527 RWG TRACTION 7412 RWG ROYAL RESERVE 5066 CTR WIDE TRACK 3706A ET RWG NINE LIFE KITTY 21N JBOB CAROLINA CPR CTR 198L CTR CEDAR TOP S 344C SCC MR FINAL ANSWER-44W S A V FINAL ANSWER 0035 DLW MS LAST CALL 139Y OF 6411 PLATTEMERE QUEENIE 647 CTR HIGHLIGHT 066K DLW MS 066K 6411S ET 12 1 89 119 33 77 6-0.38 40 0.45 0.15 86 45% 70% 4% 15% 10% 3% 60% 20% 20% 50% 70% 15% 88 607 1055 35.4 12.37 0.22 1.93 Well bred bull from a top cow line on both sides of the pedigree. Page 17

Genetic Investment Balancer Bulls DCSF POST ROCK HIGHLY FOCUSED SIRE OF LOTS 45-53. 45 DLW FOCUSED 435D 38%GV 58%AN Balancer Bull Homozygous Black Homozygous Polled 2/21/2016 DLW 435D 1360500 KCF BENNETT QUALITY FOCUSED MYTTY IN FOCUS DCSF POST ROCK HIGHLY FOCUSED K C F MISS QUALITY P164 DCSF POST ROCK MASS APPEAL ET DCSF POST ROCK SANDY 273W2 DCSF POST ROCK SANDY 268T8 BAR S GO DADDY 0281 B C LOOKOUT 7024 DLW MS GO DADDY BAR S EDELLA 3149 HYEK BLACK IMPACT 3960N DLW CHECK EM OUT 120Y OF 8412 DLW 412U 22-2.8 80 111 28 65 8-0.35 30 0.46 0.82 104.45 1% 10% 15% 30% 35% 25% 30% 25% 50% 50% 2% 1% 75 655 1124 36.7 12.39 0.33 3.89 Recommended for heifers. Low birth with great performance ratios. 47 DLW HIGHLY FOCUSED 3515C 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 9/2/2015 DLW 3515C 1373981 KCF BENNETT QUALITY FOCUSED MYTTY IN FOCUS DCSF POST ROCK HIGHLY FOCUSED K C F MISS QUALITY P164 DCSF POST ROCK MASS APPEAL ET DCSF POST ROCK SANDY 273W2 DCSF POST ROCK SANDY 268T8 DLW DLW EDISON 6718X DLW MS EDISON 3515A JCGR BAR GT FRANK 32K ET PJM TSR MS. 7059T CURTIS SANDY 0112 20-3.2 77 117 31 65 13-0.35 34 0.42 0.45 94.33 1% 5% 20% 20% 20% 25% 1% 25% 35% 55% 25% 5% 65 621 998 38 16.4 0.31 2.89 Fall born heifer bull that will cover lots of females this summer. Same cow family as 7059C. 46 DLW FOCUSED 462D 50%GV 33%AN 18%AR Balancer Bull Heterozygous Black Homozygous Polled 1/28/2016 DLW 462D 1360475 KCF BENNETT QUALITY FOCUSED MYTTY IN FOCUS DCSF POST ROCK HIGHLY FOCUSED K C F MISS QUALITY P164 DCSF POST ROCK MASS APPEAL ET DCSF POST ROCK SANDY 273W2 DCSF POST ROCK SANDY 268T8 LARS SUNDOWN JDKG MR FOCUS MACH 775T DLW MS SUNDOWN FHG FLYING H ME CC 49R JHL LCC FIELD DAY A614N CRAN Z262 ET CRAN P494 ET 18-2.2 80 109 34 71 7-0.35 30 0.39 0.83 103.3 3% 15% 15% 35% 10% 10% 45% 25% 50% 60% 2% 2% 86 733 1181 39.9 15.43 0.33 2.58 High performance bull in a calving ease package. Top young red cow that traces back to elite donors in the breed. Herd bull deluxe. 48 DLW HIGHLY FOCUSED 450D 38%GV 51%AN 12%SM Balancer Homozygous Black Homozygous Polled 1/18/2016 DLW 450D 1373985 KCF BENNETT QUALITY FOCUSED MYTTY IN FOCUS DCSF POST ROCK HIGHLY FOCUSED K C F MISS QUALITY P164 DCSF POST ROCK MASS APPEAL ET DCSF POST ROCK SANDY 273W2 DCSF POST ROCK SANDY 268T8 DLW 755 OR 755CH 22-5.6 67 89 33 60 12-0.29 13-0.02 0.68 96.47 1% 1% 50% 80% 10% 50% 2% 40% 95% >95% 5% 4% 60 568 904 34.1 11.66 0.2 1.97 Sure fire heifer bull. Sleep easy when your females are bred this way. Page 18

49 BMCE MAC HIGHLY FOCUSED 473D 38%GV 57%AN Balancer Bull Homozygous Black Homozygous Polled 1/24/2016 BMCE 473D 1347580 KCF BENNETT QUALITY FOCUSED MYTTY IN FOCUS DCSF POST ROCK HIGHLY FOCUSED K C F MISS QUALITY P164 DCSF POST ROCK MASS APPEAL ET DCSF POST ROCK SANDY 273W2 DCSF POST ROCK SANDY 268T8 BARSTOW CASH SITZ DASH 10277 BMCE MAC RAVENNA 473B BARSTOW QUEEN W16 BAG MR NEW ERA 140X BMCE /\_ MS RIGHT ERA 273Z KMAC TM MS RIGHT ONE 735T 19-1.6 83 122 29 69 12-0.44 39 0.85 0.47 96.22 2% 20% 10% 15% 30% 15% 2% 10% 20% 5% 20% 4% 83 654 1111 41.3 13.6 0.22 3.54 473D is a calving ease bull out of Highly Focused that should be able to be used on heifers. He is a moderate, complete, high marbling bull out of one of our favorite bred heifers from the same cow family as the 735D red bull from McEndaffer Beef Genetics. 50 DLW HIGHLY FOCUSED 3511C 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 8/20/2015 DLW 3511C 1373991 KCF BENNETT QUALITY FOCUSED MYTTY IN FOCUS DCSF POST ROCK HIGHLY FOCUSED K C F MISS QUALITY P164 DCSF POST ROCK MASS APPEAL ET DCSF POST ROCK SANDY 273W2 DCSF POST ROCK SANDY 268T8 DLW MS GOOD NIGHT 3511A BMCE PLATINUM 510R DLW MS PLATINUM 1234Y OF 5939 RR ERISKAY 5939 24-4.6 71 105 24 59 13-0.25 25 0.02 0.52 93.85 1% 2% 35% 40% 65% 55% 1% 50% 70% >95% 15% 5% 64 630 954 38 14.9 0.32 3.10 Heifer bull deluxe. Highly Focused x Good Night 715T works every time. 51 BMCE MAC HIGHLY FOCUSED 180D 75%GV 25%AN Balancer Bull Homozygous Black Homozygous Polled 2/17/2016 BMCE 180D 1362380 KCF BENNETT QUALITY FOCUSED MYTTY IN FOCUS DCSF POST ROCK HIGHLY FOCUSED K C F MISS QUALITY P164 DCSF POST ROCK MASS APPEAL ET DCSF POST ROCK SANDY 273W2 DCSF POST ROCK SANDY 268T8 RID R COLLATERAL 2R JCGR BAR GT FLASHBACK 410M ET BMCE TM FOXY MARIA 180Y JCGR BAR GT LONI 27N ET RTRT SOLUTION RTRD 210U ET DBRG FOXI ROXI 8N 18-3 77 104 27 63 7-0.38 26 0.35 0.39 90.86 3% 10% 20% 45% 45% 35% 45% 20% 65% 70% 30% 10% 84 620 1157 33.8 14.74 0.39 2.505 180D is a wide topped 75% Gelbvieh bull with good muscle shape. Combining the calving ease of Highly Focused with a young, moderate, good uddered purebred Gelbvieh cow worked on this mating. 52 BMCE MAC HIGHLY FOCUSED 178D 50%GV 44%AN Balancer Bull Homozygous Black Homozygous Polled 2/16/2016 BMCE 178D 1362379 KCF BENNETT QUALITY FOCUSED MYTTY IN FOCUS DCSF POST ROCK HIGHLY FOCUSED K C F MISS QUALITY P164 DCSF POST ROCK MASS APPEAL ET DCSF POST ROCK SANDY 273W2 DCSF POST ROCK SANDY 268T8 EGL NORTHERN DANCER U659 XXB LUDACRIS 039S ET MPT MISS PRARIE DANCER 178Y EGL MISS IMPROV 2212 RED BUTKUS MPT MS PRAIRIE BUDKUS JCGR BAR GT MS 274L 18-3.7 67 96 30 62 12-0.27 21 0.09 0.6 91.14 3% 4% 50% 65% 25% 40% 2% 45% 85% >95% 10% 10% 78 605 1048 37.2 13.54 0.23 3.167 178D is a calving ease, Highly Focused son that should be safe on heifers. High marbling EPD bull out of a good, soft made cow. Note that he had a 127 Ratio for IMF. He could be used on a variety of different operations. Genetic Investment Balancer Bulls BMCE MAC HIGHLY FOCUSED 473D SELLS AS LOT 49. DLW HIGHLY FOCUSED 3511C SELLS AS LOT 50. BMCE MAC HIGHLY FOCUSED 180D SELLS AS LOT 51. 53 BMCE MAC HIGHLY FOCUSED 439D 38%GV 55%AN Balancer Bull Heterozygous Black Heterozygous Polled 1/24/2016 BMCE 439D 1347579 KCF BENNETT QUALITY FOCUSED MYTTY IN FOCUS DCSF POST ROCK HIGHLY FOCUSED K C F MISS QUALITY P164 DCSF POST ROCK MASS APPEAL ET DCSF POST ROCK SANDY 273W2 DCSF POST ROCK SANDY 268T8 CONNEALY CAVALRY 1149 CONNEALY CONSENSUS BMCE MAC ERICA 439B BRISTA OF CONANGA 927T TALS TITAN TWO JTKD 539R CTR ERICA 4018P 20-2.3 78 115 32 67 14-0.26 34 0.3 0.75 100.76 1% 15% 15% 20% 15% 20% 1% 45% 35% 75% 3% 2% 81 626 1097 36.3 12.6 0.21 3.51 439D is calving ease bull out of a Highly Focused son that should be able to go on heifers. Out of a first calf heifer, he should make moderate, complete cattle with calving ease and marbling. Page 19

Genetic Investment Balancer Bulls DLW DIPLOMAT 133D SELLS AS LOT 54. DLW BARRETT 6680D SELLS AS LOT 55. BMCE MAC BARRETT 365D SELLS AS LOT 56. 54 DLW DIPLOMAT 133D 50%GV 50%AN Balancer Bull Heterozygous Black Homozygous Polled 2/14/2016 DLW 133D 1358449 EGL LOCK AND LOAD X415 EFFICIENCY NFI EGL BARRETT B050 EGL PEARL P1802 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 DLW MS GOOD NIGHT 133Y OF 604 HYLINE RIGHT TIME 338 DLW MS RT338 604S DLW MS HERO 837H 13 0.7 90 141 15 60 10-0.35 54 0.54 0.51 95.73 35% 65% 3% 2% >95% 50% 10% 25% 2% 35% 20% 4% 84 694 1223 36.7 16.34 0.21 2.325 Herd bull alert. We really like this Barrett son that excels in performance. Need pounds? This bull will sire them. 55 DLW BARRETT 6680D 50%GV 50%AN Balancer Bull Heterozygous Black Homozygous Polled 2/12/2016 DLW 6680D 1360469 EGL LOCK AND LOAD X415 EFFICIENCY NFI EGL BARRETT B050 EGL PEARL P1802 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 CONNEALY DANNY BOY CONNEALY TIMELINE DLW MS DANNY BOY 680S ENERGY OF CONANGA 4851 WAC FULLBACK 011G DFW PICABOO DFW FLYING NIGHT HAWK D593 11 2.8 89 141 15 61 6-0.57 57 1.16 0.36 89.49 55% 95% 4% 2% >95% 45% 60% 1% 2% 1% 35% 10% 92 645 1134 36.6 13.74 0.26 2.928 Good Barrett son that keeps getting better. Mother is a top Conneally bred female that always brings a powerful calf in. 56 BMCE MAC BARRETT 365D 38%GV 62%AN Balancer Bull Heterozygous Black Homozygous Polled 2/17/2016 BMCE 365D 1362389 EGL LOCK AND LOAD X415 EFFICIENCY NFI EGL BARRETT B050 EGL PEARL P1802 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 TM WINCHESTER 9245 KAHN BROADBAND R A 94L BMCE MAC 365A KG AMIEE 4245 JRI EXTRA EXPOSURE 285L71 ET RTRT THUNDER KISS 65T MR KOKO KISSES R103 16-0.5 73 115 24 58 10-0.38 37 0.5 0.71 93.76 10% 40% 30% 20% 65% 60% 10% 20% 25% 40% 4% 10% 87 689 1300 38.6 15.39 0.32 3.522 365D is a complete bull that had a WW ratio of 105, and the highest yearling weight ratio of the McEndaffer bulls. He also knocked it out of the park on his ultrasound scan with a 104 REA ratio and a 142 IMF ratio. Comes from a good cow family with great udders. SALE BROADCAST LIVE ONLINE WWW.LIVEAUCTIONS.TV LiveAuctions TV EGL BARRETT B050 SIRE OF LOTS 54-62. Page 20

57 BMCE MAC BARRETT 850D 50%GV 50%AN Balancer Bull Red Homozygous Polled 2/3/2016 BMCE 850D 1362395 EGL LOCK AND LOAD X415 EFFICIENCY NFI EGL BARRETT B050 EGL PEARL P1802 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 BTI EXTRA 2106K ET FHG FLYING H EXTRA 150D BMCE TM NIKKI 850U ET BTI LADY GRANITE 2001E ET K G COWMAN KG NIKKI SCHURRTOP PINE DRIVE K G 7 13 1.4 78 116 16 53 10-0.31 40 0.39 0.44 85.29 35% 80% 15% 20% >95% 85% 10% 35% 20% 60% 25% 20% 91 668 1226 39.3 14.61 0.38 3.32 It s hard to find a bull with this much muscle shape. If you re looking for a red bull to add muscle and growth, this bull will fit the bill. He also scanned with an IMF ratio of 134. He is out of a deep sided, soft made black cow and the Barrett bull. 58 BMCE MAC BARRETT 035D 63%GV 37%AN Balancer Bull Red Homozygous Polled 2/8/2016 BMCE 035D 1362372 EGL LOCK AND LOAD X415 EFFICIENCY NFI EGL BARRETT B050 EGL PEARL P1802 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 BMCE NICHOLAS 750T ET BTI EXTRA 2106K ET KMAC TM COLLETTE 035X KG NIKKI JCGR BAR GT MACH ONE 54L JCGR BAR GT MS 35N JCGR BAR GT MS 401K ET 11-0.4 64 99 20 51 8-0.26 28 0.01 0.3 75.34 55% 40% 65% 55% 90% 90% 30% 45% 60% >95% 45% 50% 83 640 1024 40 13.62 0.17 2.027 035D is a long sided, red bull out of a stout, black cow that will add growth to a red cow herd. 59 DLW BARRETT 030D 50%GV 50%AN Balancer Bull Heterozygous Black Homozygous Polled 2/7/2016 DLW 030D 1360521 EGL LOCK AND LOAD X415 EFFICIENCY NFI EGL BARRETT B050 EGL PEARL P1802 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 JRI DARK SECRET 207T611 JRI TOP SECRET 253M75 ET DLW MS SECRET 030X JRI MS ECHO DOESIT207K511 ET S S TRAVELER 6807 T510 SPADES PRIDE 246 OF 002 SPADES PRIDE 002 OF 177 10 1.4 81 122 19 60 7-0.37 44 0.48 0.35 84.71 65% 80% 10% 15% 90% 50% 45% 20% 10% 45% 35% 20% 92 658 1103 36.4 13.8 0.28 2.455 Tons of eye appeal in this Barrett son. Good bull that will sire tremendous feeder cattle. 61 BMCE MAC BARRETT 735D 50%GV 50%AN Balancer Bull Red Homozygous Polled 2/14/2016 BMCE 735D 1362394 EGL LOCK AND LOAD X415 EFFICIENCY NFI EGL BARRETT B050 EGL PEARL P1802 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 BT RIGHT TIME 24J LEACHMAN RIGHT TIME KMAC TM MS RIGHT ONE 735T SITZ EVERELDA ENTENSE 1905 JCGR BAR GT MACH ONE 54L JCGR BAR GT MS 35N JCGR BAR GT MS 401K ET 11-0.2 77 121 27 60 7-0.36 41 0.39 0.5 89.34 55% 45% 20% 15% 45% 50% 45% 25% 15% 60% 20% 10% 89 692 1223 39.7 15.07 0.27 2.644 735D is a long sided, red bull that is a well-balanced, smooth shouldered, wide tracking bull that is out of a cow that visitors always notice in the pasture. Solid ultrasound ratios of 102 REA and 106 IMF. Genetic Investment Balancer Bulls BMCE MAC BARRETT 850D SELLS AS LOT 57. BMCE MAC BARRETT 035D SELLS AS LOT 58. 60 DLW BARRETT 151D 38%GV 58%AN Balancer Bull Homozygous Black Homozygous Polled 2/5/2016 DLW 151D 1360471 EGL LOCK AND LOAD X415 EFFICIENCY NFI EGL BARRETT B050 EGL PEARL P1802 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 CTR INDUSTRY 800 CONNEALY INDUSTRY 5634 DLW MS INDUSPRIM 151Y OF 809 CTR PRIMROSE 3932 DLW MR KINGSTON 106P DLW 809U DLW MS BANDO 407P 12-1 70 117 19 53 9-0.57 38 1.08 0.78 94.06 45% 30% 40% 20% 90% 85% 20% 1% 25% 1% 2% 5% 85 575 1069 37.9 13.02 0.31 4.048 A high marbling son of the Barrett sire. Maternal grandmother is easily one of the best cows on the place. We have turned down several offers to buy that great cow. 62 DLW BARRETT 387D 50%GV 31%AN 12%AR Balancer Bull Heterozygous Black Homozygous Polled 3/30/2016 DLW 387D 1374104 EGL LOCK AND LOAD X415 EFFICIENCY NFI EGL BARRETT B050 EGL PEARL P1802 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 DLW RED POWER 583U HXC LCC GRAVITY B252L DLW MS POWER 387A1 DLW MS FINANCE 583R DDF MR LEGEND 517R XXB MISS 517R 009X XXB MISS DREW 335N 14 0.1 88 118 19 62 6-0.53 39 0.99 0.7 100.18 25% 50% 4% 15% 90% 40% 60% 2% 20% 2% 4% 2% 88 831 1265 37.9 14.5 0.39 2.58 Young bull in the sale but scale crushing weaning weight and yearling performance. Here is a performance standout. Look him up. Page 21

Genetic Investment Balancer Bulls DLW SAND 9762D SELLS AS LOT 63. 63 DLW SAND 9762D 50%GV 50%AN Balancer Bull Heterozygous Black Homozygous Polled 2/16/2016 DLW 9762D 1360496 CTR CTR SANDHILLS 0065X CTR SANDMAN 6523S DLW WHITE SAND 0318A CTR 7281T G A R PREDESTINED DLW MS DESTINY 318X ET FHG FLYING H AT/95E 318M ET PARTISOVER ANCHOR 948 O C C ANCHOR 771A CCRO MS HOT SAUCE 9762W ET PARTISOVER BURGESS 521 CTR ECHO 575E JBOB 3403K ET JBOB 92C 1385G ET 13 1.7 74 104 28 65 7-0.38 33 0.43 0.52 85.64 35% 85% 25% 45% 35% 25% 45% 20% 40% 55% 15% 20% 84 694 1188 39.7 16.42 0.23 2.569 Here is a deep made White Sand son that comes from a top cow on the place. Turn out bulls like this and the cattle business will be like a day at the beach. Enjoy! 65 DLW EDISON 5000C 25%GV 69%AN Balancer Bull Homozygous Black Homozygous Polled 8/10/2015 SINK 5000C 1341323 DLW DLW EDISON 6718X VIN-MAR O REILLY FACTOR S A V FINAL ANSWER 0035 MS O REILLY 200Z VIN-MAR EDELLA 2827 S A F 598 BANDO 5175 ALCOVY RIVER GRACIE 312 B F GREENLEE ROSE 116 15 0.2 96 138 24 70 12-0.34 51 0.55 0.31 95.54 15% 55% 2% 3% 65% 10% 2% 25% 3% 30% 45% 4% 89 717 1179 40 15.8 0.28 1.93 If you love deep bodied, sound cattle you will want to look for this guy on sale day. His dam is one of our best O Reilly daughters we have in production. This Edison son can add performance, maternal qualities without leaving the carcass behind. DLW WHITE SAND 0318A SIRE OF LOTS 63, 64, 66-71. 64 DLW SAND 115D 38%GV 56%AN Balancer Bull Red Homozygous Polled 2/11/2016 DLW 115D 1360486 CTR CTR SANDHILLS 0065X CTR SANDMAN 6523S DLW WHITE SAND 0318A CTR 7281T G A R PREDESTINED DLW MS DESTINY 318X ET FHG FLYING H AT/95E 318M ET CTR STAPLETON 583 G A R GRID MAKER DLW MS STAPLETON 115Y OF 005 S S S BARBARA 8331 JRI PD GRAND CONVERTER 207G6 DLW MS CONVERTER 005K DJS 401E 13 2.7 74 91 23 53 9-0.42 26 0.47 0.67 86.98 35% 95% 25% 75% 75% 85% 20% 15% 65% 45% 5% 15% 90 646 1096 35.6 14.44 0.24 1.802 Deep and wide Red bull. Balanced trait bull that will sire excellent feeder cattle. 66 DLW WHITE SAND 858C 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 9/12/2015 DLW 858C 1373975 CTR CTR SANDHILLS 0065X CTR SANDMAN 6523S DLW WHITE SAND 0318A CTR 7281T G A R PREDESTINED DLW MS DESTINY 318X ET FHG FLYING H AT/95E 318M ET B C LOOKOUT 7024 O C C LEGEND 616L DLW 858U GIBBET HILL MIGNONNE E37 MCJ RJ HIGHLIGHT 732H DLW MS HIGHLIGHT 5123R ET ARO MS CARBON COPY B135P 14 3 87 123 28 68 9-0.43 46 0.68 0.6 94.45 25% 95% 5% 10% 35% 15% 20% 10% 10% 15% 10% 5% 84 663 976 33.7 16.4 0.33 2.00 Standout bull in the fall group. This meatwagon will sire ton s of muscle and power. Page 22

67 DLW SAND 111D 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 2/7/2016 DLW 111D 1360487 CTR CTR SANDHILLS 0065X CTR SANDMAN 6523S DLW WHITE SAND 0318A CTR 7281T G A R PREDESTINED DLW MS DESTINY 318X ET FHG FLYING H AT/95E 318M ET CTR HIGHLIGHT 066K MCJ RJ HIGHLIGHT 732H DLW MS HIGHLIGHT 111Y OF 554 CTRG 442D B/R NEW DESIGN 323-9150 SPADES PRIDE 554-821 C S S PRIDE 821 OF 606 16 0 64 91 34 61 10-0.35 23 0.29 0.57 84.33 10% 50% 65% 75% 10% 45% 10% 25% 75% 80% 15% 20% 89 601 1021 34.9 13.59 0.3 4.077 We really like the White Sand progeny for their correctness and depth of body with abundant muscle and performance. Out of a top Balancer female on the ranch. 68 DLW WHITE SAND 1202C 50%GV 50%AN Balancer Bull Heterozygous Black Homozygous Polled 10/12/2015 DLW 1202C 1373978 CTR CTR SANDHILLS 0065X CTR SANDMAN 6523S DLW WHITE SAND 0318A CTR 7281T G A R PREDESTINED DLW MS DESTINY 318X ET FHG FLYING H AT/95E 318M ET BMCE PLATINUM 510R BTI EXTRA 2106K ET DLW MS PLATINUM 1202Y OF 7105 DLW MS HERO 9101J SUMMITCREST COMPLETE 1P55 SDCC ELBA 31T SDCC ELBA 580L 13 4.4 108 146 26 80 12-0.49 61 1.22 0.63 105.44 35% >95% 1% 1% 50% 2% 2% 4% 1% 1% 10% 1% 84 800 1128 39.6 13.6 0.29 1.281 Really like this bull and love his mother. Maternal brother was a sale feature last year. Great bulls come from Great cows and this bull is one of the best. 69 DLW SAND 7231D 50%GV 50%AN Balancer Bull Heterozygous Black Homozygous Polled 2/12/2016 DLW 7231D 1360473 CTR CTR SANDHILLS 0065X CTR SANDMAN 6523S DLW WHITE SAND 0318A CTR 7281T G A R PREDESTINED DLW MS DESTINY 318X ET FHG FLYING H AT/95E 318M ET JRI TOP SECRET 253M75 ET JRI PLD FREE AGENT 125J3 JRI MS POP A TOP 23T28 ET JRI MS PLD FRONTIER 253J60 G D A R OSCAR 711 MS TRAVELER 23G2 JRI MS TRAVELER 236D2 16 1.7 68 94 23 55 8-0.44 27 0.55 0.44 80.6 10% 85% 50% 70% 75% 75% 30% 10% 65% 30% 25% 30% 86 660 1115 40.6 15.11 0.3 1.989 Really wide based thick made bull that will power up a calf crop. 70 DLW SAND 0219C 63%GV 37%AN Balancer Bull Heterozygous Black Heterozygous Polled 9/20/2015 DLW 0219C 1373990 CTR CTR SANDHILLS 0065X CTR SANDMAN 6523S DLW WHITE SAND 0318A CTR 7281T G A R PREDESTINED DLW MS DESTINY 318X ET FHG FLYING H AT/95E 318M ET DLW MS GOOD NIGHT 0219X OF309 MAC MR VALHALLA 554J ET DLW MS FINANCE 309N DLW MS HUSKER 828H 17 1.8 87 110 30 70 12-0.39 36 0.51 0.2 85.83 10% 85% 5% 30% 25% 10% 2% 20% 30% 40% 65% 15% 85 691 997 37 13.4 0.17 2.15 Super fall born bull out of a top cow. Genetic Investment Balancer Bulls DLW SAND 111D SELLS AS LOT 67. DLW WHITE SAND 1202C SELLS AS LOT 68. DLW SAND 7231D SELLS AS LOT 69. 71 DLW WHITE SAND 7059C 50%GV 50%AN Balancer Bull Heterozygous Black Homozygous Polled 9/2/2015 DLW 7059C 1373979 CTR CTR SANDHILLS 0065X CTR SANDMAN 6523S DLW WHITE SAND 0318A CTR 7281T G A R PREDESTINED DLW MS DESTINY 318X ET FHG FLYING H AT/95E 318M ET JCGR BAR GT FRANK 32K ET GKT BUD 11G PJM TSR MS. 7059T WRGA 049C VDAR SCOTCH CAP 2028 CURTIS SANDY 0112 CURTIS SANDY 8220 14 3.3 68 97 30 60 11-0.48 32 0.8 0.44 79.22 25% >95% 50% 60% 25% 50% 4% 5% 45% 10% 25% 35% 84 586 910 38 15.7 0.25 2.45 Moderate framed wide load here. Top producing cow that has earned her wages every year. Maternal brother to several sale favorites over the years. Page 23

Genetic Investment Balancer Bulls DLW ROUNDHOUSE 1215D SELLS AS LOT 72. DLW ROUNDHOUSE 179D SELLS AS LOT 73. 72 DLW ROUNDHOUSE 1215D 38%GV 53%AN Balancer Bull Heterozygous Black Homozygous Polled 2/4/2016 DLW 1215D 1360470 EGL ROUNDUP X777 EGL ROUNDHOUSE B019 EGL EVELYNN U426 DLW MS GOOD NIGHT1215Y ET 11 3.3 79 120 24 66 11-0.28 46 0.21 0.1 75.37 55% >95% 15% 15% 65% 20% 4% 40% 10% 90% 80% 50% 90 668 1073 39.3 12.99 0.17 2.59 Deep, soggy, rancher s bull here. EGL NORTHERN DANCER U659 EGL AMELIA P783 EGL FREEDOM 5203 EGL EVELYN R313 BAG MR BUD 49J DLW MS 883H 73 DLW ROUNDHOUSE 179D 38%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 2/10/2016 DLW 179D 1360491 EGL ROUNDUP X777 EGL ROUNDHOUSE B019 EGL EVELYNN U426 DLW GOOD NIGHT 512T DLW MS GN 512 179Y OF 974 DLW MS GRIDLINE 974W OF 229 EGL NORTHERN DANCER U659 EGL AMELIA P783 EGL FREEDOM 5203 EGL EVELYN R313 DLW MS 338 5120R ET CTR GRIDLINE 5699R 12 1.5 69 107 23 57 8-0.32 35 0.28 0.24 75.51 45% 80% 45% 35% 75% 65% 30% 30% 30% 80% 55% 50% 84 668 1118 37.5 13.89 0.39 4.09 Excellent son of Roundhouse here. ¾ brother to 142D, two top end bulls in the sale 74 DLW ROUNDHOUSE 142D 38%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 2/7/2016 DLW 142D 1360520 EGL ROUNDUP X777 EGL NORTHERN DANCER U659 EGL ROUNDHOUSE B019 EGL AMELIA P783 EGL FREEDOM 5203 EGL EVELYNN U426 EGL EVELYN R313 DLW MS GOOD NIGHT 142Y HYLINE RIGHT TIME 338 DLW MS 338 719T DFW MISS ECHO K875 11 2.4 77 118 25 63 9-0.34 43 0.35 0.27 79.96 55% 90% 20% 15% 60% 35% 20% 25% 15% 70% 50% 30% 90 692 1147 40.9 13.28 0.32 4.14 Herd Bull Deluxe. Awesome phenotype in a bull that excels in every trait. High marbling bull that ratios 109,102 and 144 for WW, YW, & IMF DLW ROUNDHOUSE 142D SELLS AS LOT 74. Page 24 EGL ROUNDHOUSE B019 SIRE OF LOTS 72-74.

75 DLW POWER 087D 50%GV 12%AN 38%AR Balancer Bull Red Homozygous Polled 2/16/2016 DLW 087D 1360490 HXC LCC GRAVITY B252L BUF BFCK CHEROKEE CNYN 4912 DLW RED POWER 583U HXC HXC 950J MAC MR VALHALLA 554J ET DLW MS FINANCE 583R DLW MS CONVERTER 006K CTR SANDMAN 6523S SITZ TRADITION RLS 8702 DLW MS SANDMAN 087X CTR 198L LBC LMAN KING ROB 8621 FHG FLYING H MS GPRR 53K FHG FLYING H MS GRAND 36F 10 0.9 89 111 15 56 3-0.52 35 0.74 0.17 84.39 65% 70% 4% 30% >95% 70% 90% 3% 30% 10% 70% 20% 85 730 1302 37.7 16.85 0.35 2.206 One of the standout red bulls in the offering. Thick ended and full of muscle and performance in this pedigree. 76 DLW POWER 058D 50%GV 20%AN 25%AR Balancer Bull Red Homozygous Polled 2/18/2016 DLW 058D 1360474 HXC LCC GRAVITY B252L BUF BFCK CHEROKEE CNYN 4912 DLW RED POWER 583U HXC HXC 950J MAC MR VALHALLA 554J ET DLW MS FINANCE 583R DLW MS CONVERTER 006K CTR GRIDLINE 5699R CONNEALY GRID LINE DLW MS GRIDLINE 058X CTR 114L ET DLW MR KINGSTON 106P DLW MS K BALANCER 766T 11 1.8 90 114 19 62 4-0.59 38 0.99 0.46 92.3 55% 85% 3% 25% 90% 40% 85% 1% 25% 2% 25% 10% 87 688 1205 37.8 14.78 0.23 2.913 High performance Red Power son that will add weight to every calf crop. 77 DLW POWER 071D 50%GV 25%AN 25%AR Balancer Bull Heterozygous Black Homozygous Polled 2/17/2016 DLW 071D 1360488 HXC LCC GRAVITY B252L BUF BFCK CHEROKEE CNYN 4912 DLW RED POWER 583U HXC HXC 950J MAC MR VALHALLA 554J ET DLW MS FINANCE 583R DLW MS CONVERTER 006K DLW STOUT 695S ET HYLINE RIGHT TIME 338 DLW MS STOUT 071X DLW MS HERO 8862H HYLINE RIGHT TIME 338 DLW MS 338 725T DFW PICABOO 10 3.2 99 134 16 68 4-0.65 52 1.35 0.36 93.74 65% >95% 1% 4% >95% 15% 85% 1% 3% 1% 35% 10% 88 644 1096 38.8 15.6 0.21 2.387 Many producers love the Red Power progeny for the muscle and performance that they offer but want it in a black package. Here he is!! If you need pounds to sell this bull can help. 79 BMCE MAC RED POWER 252D 75%GV 25%AR Balancer bull Red Homozygous Polled 2/3/2016 BMCE 252D 1362383 HXC LCC GRAVITY B252L BUF BFCK CHEROKEE CNYN 4912 DLW RED POWER 583U HXC HXC 950J MAC MR VALHALLA 554J ET DLW MS FINANCE 583R DLW MS CONVERTER 006K JCGR BAR GT LOUIE 2J GKT BUD 11G BMCE /\_ LADY LOUISE 252Z ET WRGA 049C JRI PD GRAND CONVERTER 207G6 DLW MISS CONVERTOR 900J XXB MISS POLLED GLORY 78B 9 3.1 95 113 24 67 1-0.51 39 0.69 0.02 81.7 75% 95% 2% 25% 65% 20% >95% 3% 20% 15% 90% 25% 87 629 1124 37.7 14.71 0.17 1.634 252D is a red, 75% Gelbvieh bull out of the growth and muscle bull, DLW Red Power. He goes back to the 900J donor cow who produced many stout, red commercial bulls. Buy with confidence in this cow family. Genetic Investment Balancer Bulls DLW POWER 087D SELLS AS LOT 75. DLW RED POWER 583U SIRE OF LOTS 75-79. 78 DLW POWER 185D 50%GV 25%AN 25%AR Balancer Bull Red Homozygous Polled 2/23/2016 DLW 185D 1373982 HXC LCC GRAVITY B252L BUF BFCK CHEROKEE CNYN 4912 DLW RED POWER 583U HXC HXC 950J MAC MR VALHALLA 554J ET DLW MS FINANCE 583R DLW MS CONVERTER 006K S A V FINAL ANSWER 0035 SITZ TRAVELER 8180 DLW MS FINAL ANSR 185Y OF9114 S A V EMULOUS 8145 HYEK BLACK IMPACT 3960N JCGR BAR GT 114W ET JCGR BAR GT MS 204N 13 0 100 131 21 68 2-0.48 46 1 0.49 101.62 35% 50% 1% 5% 85% 15% 95% 5% 10% 2% 20% 2% 83 705 1118 37.5 14.73 0.23 3.539 Heavy weaning bull. The Red Power cattle have led the pack for siring high performance cattle the feeders love. Page 25

Genetic Investment Balancer Bulls DLW GOOD NIGHT 436D SELLS AS LOT 80. 81 DLW HOLIDAY 271D 50%GV 44%AN Balancer Bull Heterozygous Black Homozygous Polled 3/4/2016 DLW 271D 1360497 DLW GOOD NIGHT 696Y CTR HIGHLIGHT 066K DLW MS 066K 696S ET DLW WARDON 24W OF 408 HYEK BLACK IMPACT 3960N DLW MS WARDON 271Z OF 644 DLW MS KINGPIN 408P RAB-GAR LOAD UP 4049J SPADES PRIDE 644 OF 248 SPADES PRIDE 248 OF 012 17-2.2 76 106 27 64 11-0.56 29 0.87 0.31 88.15 10% 15% 20% 40% 45% 30% 4% 2% 55% 4% 45% 15% 85 670 1144 41.7 15.86 0.23 2.995 Moderate, thick and good looking. Warner Beef bulls are all stamped with the consistency and quality that your feeder calf buyers desire. 83 DLW HOLIDAY 2025D 50%GV 44%AN Balancer Bull Heterozygous Black Homozygous Polled 3/10/2016 DLW 2025D 1360524 DLW GOOD NIGHT 696Y CTR HIGHLIGHT 066K DLW MS 066K 696S ET SCC MR FINAL ANSWER-44W S A V FINAL ANSWER 0035 DLW MS LAST CALL 2025Z ET PLATTEMERE QUEENIE 647 MRCO NEW DIRECTION 905 DCSF POST ROCK ARATA 76L2 ET DCSF POST ROCK ARATA 39F2 15-0.1 76 99 30 65 9-0.48 27 0.59 0.15 80.47 15% 50% 20% 55% 25% 25% 20% 5% 65% 25% 70% 30% 85 718 1071 34.9 15.07 0.19 2.385 Moderate framed and good in this Holiday son. Holiday is a ¾ brother to Edison. We really like the cows that his daughters are becoming. DLW INDUSTRY 301X SIRE OF LOT 85. Page 26 80 DLW GOOD NIGHT 436D 38%GV 50%AN Balancer Bull Heterozygous Black Homozygous Polled 1/20/2016 DLW 436D 1360493 EGR ELLISON 608F CTR SUSAN 2907 SITZ ALLIANCE 6595 CTR 028K DCSF POST ROCK HIGHLY FOCUSED KCF BENNETT QUALITY FOCUSED DLW MS HIGHLY FOCUSED DCSF POST ROCK SANDY 273W2 CTR FRONT PAGE 508 DLW MS FP 508 164Y OF 903 DLW MS OLD SCHOOL 903W OF015 20-2.1 79 110 24 60 12-0.35 31 0.31 0.38 91.07 1% 15% 15% 30% 65% 50% 2% 25% 45% 75% 35% 10% 79 689 1006 37.2 12.4 0.25 2.085 Recommended for heifers. Proven calving ease sires Good Night 715T and Highly Focused stacked in this pedigree. Lots of muscle shape and depth here as well. 82 DLW HOLIDAY 140D 50%GV 31%AN 12%AR Balancer Bull Heterozygous Black Homozygous Polled 3/3/2016 DLW 140D 1360523 DLW GOOD NIGHT 696Y CTR HIGHLIGHT 066K DLW MS 066K 696S ET VRT LAZY TV OLD SCHOOL T231 KRT LAZY TV SECOND CLASS R87 DLW MS OLD SCHOOL 140Y OF6413 KRT K318 DLW MS KINGPIN 6413S ET DLW MS 883H 14-0.8 82 112 30 71 8-0.34 34 0.18-0.08 78.49 25% 35% 10% 25% 25% 10% 30% 25% 35% 90% >95% 35% 85 718 1172 39.2 14.71 0.19 2.177 Another good Holiday son that hits the mark for sound made bulls that offer a performance look the industry demands. 84 DLW GRAVITY 205D 38%GV 43%AN Balancer Bull Heterozygous Black Homozygous Polled 2/1/2016 DLW 205D 1360476 CTR CTR SANDHILLS 0065X CTR SANDMAN 6523S BGGR BGGR GRAVITY 803A CTR 7281T CONNEALY FRONT PAGE 0228 BGGR MS FRONTPAGE 803U BGGR MS MARBLING 627S GKT BOO BOO 155E FHG FLYING H CADILLAC 184C DLW MS BOO BOO 205Z OF824 CCD X55 O C C MAGNITUDE 805M SDCC LASS 24U SDCC LASS 64R 15 1.3 80 114 26 64 8-0.4 39 0.64 0.34 85.79 15% 75% 15% 25% 50% 30% 30% 15% 20% 20% 40% 15% 84 636 1160 38.2 13.83 0.24 4.011 High marbling Gravity son that ratio d 140 for IMF. Top cow family here. 85 DLW INDUSTRY 082D 38%GV 50%AN Balancer Bull Heterozygous Black Homozygous Polled 2/9/2016 DLW 082D 1360482 CONNEALY INDUSTRY 5634 CONNEALY FREIGHTLINER DLW INDUSTRY 301X EILERA OF CONANGA 2583 MCJ RJ HIGHLIGHT 732H DLW MS HIGHLIGHT 301N DLW MISS 230D CTR GRIDLINE 5699R CONNEALY GRID LINE DLW MS GRIDLINE 082X CTR 114L ET CTR TRAV044 2130 JMWA MS 044 568R KMF FAST LADY MIDNITE 99G 9 4.1 79 120 25 58 9-0.35 47 0.44 0.12 74.79 75% >95% 15% 15% 60% 60% 20% 25% 10% 50% 75% 50% 95 651 1022 34.5 12.81 0.16 2.318 One of the few Industry 301X sons in the sale. Look for this bull to sire stout made feeder cattle that will excel in the feedyard.

86 DLW PENSION 2381D 63%GV 37%AN Balancer Bull Homozygous Black Homozygous Polled 3/19/2016 DLW 2381D 1360477 S A V NET WORTH 4200 S A V 8180 TRAVELER 004 DLW PENSION 5115Z S A V MAY 2410 MSH FLYING H MSH FULL SEASON DLW MS SEASON 5115R ET GKG MS BABY DOLL ET JKGF FUTURE INVESTMENT X037 JCB LAZY TV BEECH JET R052ET CCRO CAROLINA STREAM 2381Z LWHF SANDY 37M JBOB CAROLINA MASTER 4231M ET VER LADY ANTEBELLIUM 901U ET FHG FLYING H MS DATELINE 7H 15-0.1 85 115 33 73 8-0.3 37 0.32 0.2 86.74 15% 50% 10% 20% 10% 10% 30% 35% 25% 75% 65% 15% 81 705 1174 40.1 14.58 0.25 3.439 Young Pension son that is out of a highly sought after female from the C Cross program. Lots of cow power behind this bull. 87 DLW PENSION 6790C 25%GV 75%GV Balancer Bull Homozygous Black Homozygous Polled 9/17/2015 DLW 6790C 1373980 S A V NET WORTH 4200 S A V 8180 TRAVELER 004 DLW PENSION 5115Z S A V MAY 2410 MSH FLYING H MSH FULL SEASON DLW MS SEASON 5115R ET GKG MS BABY DOLL ET TC FREEDOM 104 CONNEALY FOREFRONT RR BLACKBIRD 6790 T C RUBY 9095 E&B 1483 SCOTCHMAN 5041 ROLLIN ROCK BLACKBIRD 0873 ROLLIN ROCK BLACKBIRD 5694 12 3.1 75 118 32 63 6-0.32 44 0.55 0.5 84.76 45% 95% 25% 15% 15% 35% 60% 30% 10% 30% 20% 20% 77 663 1002 37.9 14.7 0.24 1.72 Lots of eye appeal and performance in this Pension son. Hard working cow family that always brings in a good one. 89 DLW PENSION 0206C 63%GV 25%AN Balancer Bull Homozygous Black Homozygous Polled 9/7/2015 DLW 0206C 1373977 S A V NET WORTH 4200 S A V 8180 TRAVELER 004 DLW PENSION 5115Z S A V MAY 2410 MSH FLYING H MSH FULL SEASON DLW MS SEASON 5115R ET GKG MS BABY DOLL ET HYEK BLACK IMPACT 3960N HYEK BLACK IMPULSE 1296L DLW MS IMPACT 0206X ET HYEK BLACK RUBY 9604J SKS HIGHLAND HERO 511E DLW MS HERO 840H DLW MS 01C 14 2.3 85 123 36 76 4-0.38 45 0.73-0.03 79.09 25% 90% 10% 10% 4% 3% 85% 20% 10% 10% 95% 35% 82 633 976 41.5 17.6 0.31 1.71 Pension out of an awesome Black Impact daughter. Stout made bull that will have lots of friends. 91 DLW PENSION 7716C 25%GV 75%AN Balancer Bull Homozygous Black Homozygous Polled 9/7/2015 DLW 7716C 1373976 S A V NET WORTH 4200 S A V 8180 TRAVELER 004 DLW PENSION 5115Z S A V MAY 2410 MSH FLYING H MSH FULL SEASON DLW MS SEASON 5115R ET GKG MS BABY DOLL ET RR 6I6 5986 RITO 6I6 OF 4B20 6807 RR MISS LOVANA 7716 RR CAMILLA 8033 BON VIEW NEW DESIGN 1407 RR MISS LOVANA 4812 RR MISS LOVANA 2470 17 0.7 64 101 33 62 9-0.21 31 0.13 0.62 84.92 10% 65% 65% 50% 10% 40% 20% 60% 45% 95% 10% 20% 85 622 954 40 15 0.34 2.64 Really good beef bull here that goes back to a top end Ratcliff Angus cow. Genetic Investment Balancer Bulls DLW PENSION 5115Z SIRE OF LOTS 86-91. 88 DLW PENSION 2513C 75%GV 25%AN Balancer Bull Homozygous Black Homozygous Polled 9/25/2015 DLW 2513C 1374105 S A V NET WORTH 4200 S A V 8180 TRAVELER 004 DLW PENSION 5115Z S A V MAY 2410 MSH FLYING H MSH FULL SEASON DLW MS SEASON 5115R ET GKG MS BABY DOLL ET TAU GUNSLINGER 19U SGRI HONOR ROLL S232 DLW MS GUNS 2513Z ET TAU GUNNISON 5151R DLW MS KINGPIN 408P DLW MS HERO 840H 14 2.4 83 95 35 73 9-0.44 28 0.63 0.08 78.96 25% 90% 10% 65% 10% 10% 20% 10% 60% 20% 85% 35% 74 684 990 34.9 16.3 0.20 1.93 Moderate framed and good looking bull that brings a tremendous cow family with him. Keep his daughters and they ll keep you in business. 90 DLW PENSION 1235C 63%GV 25%AN Balancer Bull Heterozygous Black Homozygous Polled 9/13/2015 DLW 1235C 1373974 S A V NET WORTH 4200 S A V 8180 TRAVELER 004 DLW PENSION 5115Z S A V MAY 2410 MSH FLYING H MSH FULL SEASON DLW MS SEASON 5115R ET GKG MS BABY DOLL ET TJB MASTERPIECE 138L ET TAU DR PEPPER 29D DLW 1235Y ET TJB MICHELLE 128F ET NL RED NORTHLINE ROB ROY 122K BTI 2030P BTI LADY GRANITE 2194H ET 11 0.4 82 113 42 73 9-0.39 36 0.58 0.16 83.71 55% 60% 10% 25% 1% 10% 20% 20% 30% 30% 70% 20% 82 672 988 37.1 16 0.28 2.18 Rugged made powerhouse of a bull that will cover a lot of cows. Top cow family out of the Pension sire. Page 27

Genetic Investment Balancer Bulls DLW SANDHILLS 0125A SIRE OF LOT 93. DLW ARAPAHOE 207A SIRE OF LOT 94. 95 DLW PERISCOPE 3314C 38%GV 60%AN Balancer Bull Heterozygous Black Homozygous Polled 8/31/2015 DLW 3314C 1374013 VRT LAZY TV WATCHMAN W021 DVA SCOUT 553 DBRG PERISCOPE 373A VRT LAZY TV MS PETERBLT T309 MYTTY IN FOCUS DBRG MS MYTTY 161Y DBRG MISS 749T ET XXB INSIDIOUS 612Y SILVEIRAS STYLE 9303 XXB MISS INSIDIOUS 314A XXB IVANNA 612R ET XXB WINGMAN 639T ET XXB MISS WINGMAN 107Y WXW JUANA ERICA 962 G48 20 1.4 91 128 23 66 10-0.28 47 0.46 0.8 104.18 1% 80% 3% 10% 75% 20% 10% 40% 10% 50% 2% 1% 76 626 939 39.5 16.5 0.34 3.05 Calving ease prospect with added marbling. Smooth made fall bull here. Page 28 92 DLW HIGHLIGHT 932D ET 75%GV 25%AN Balancer Bull Homozygous Black Heterozygous Polled 2/4/2016 DLW 932D 1360530 MCJ RJ HIGHLIGHT 732H CTR SARGE 563E CTR HIGHLIGHT 066K MCJ RJ 529E CTR CEDAR TOP S BERKLEY CTRG 442D POW MISS SANDHILLS 65A BAG MR BUD 49J GKT BUD 11G BAG MISS ZORRO 107D G A R TRAVELER 1489 DLW MS 883H 8 3.7 77 93 37 71 11-0.45 29 0.38 0.42 81.3 85% >95% 20% 70% 3% 10% 4% 10% 55% 65% 25% 30% 84 691 1121 39.4 13.71 0.23 3.034 Highlight 066K son out of the 106L cow that produced past her 12th birthday. Keep all the females out of this good bull. 93 DLW HARRISON 010D 63%GV 25%AN 12%AR Balancer Bull Red Homozygous Polled 2/8/2016 DLW 010D 1360480 CTR CTR SANDHILLS 0065X CTR SANDMAN 6523S DLW SANDHILLS 0125A CTR 7281T S A V NET WORTH 4200 DLW MS NET WORTH 0125X ET FHG FLYING H 217B/EC203N ET VRT LAZY TV OLD SCHOOL T231 KRT LAZY TV SECOND CLASS R87 DLW MS DASH 010X KRT K318 JRI PD GRAND CONVERTER 207G6 DLW MS CONVERTER 010K DLW MS DATELINE 801H 12 0 79 103 29 64 6-0.55 30 0.92 0.3 85.28 45% 50% 15% 45% 30% 30% 60% 2% 50% 3% 45% 20% 88 668 1107 42.5 13.1 0.26 2.257 High performance red balancer bull sired by top seller DLW Sandhills 0125A. 94 DLW SS ARAPAHOE 303C 50%GV 50%AN Balancer Bull Red Homozygous Polled 9/16/2015 DLW 303C 1374112 DCH DCH HILLE X102 DCH HILLE M118 MAJESTY DLW ARAPAHOE 207A DCH HILLE U279 UNDERCURRENT MRCO NEW DIRECTION 905 DCSF POST ROCK RHONDA 207M2 DCSF POST ROCK RHONDA 123H2 5L FAMILY TRADITION 464-138X FLR 5L TRADITION 203-6145 CRS DIAMND DIXIE 378 5L FIREFLY 1932-464 5L ILLUMINE 1501-5057 CRS DIAMND ILLUMINE 9041 RRS TASSEL 3059-2.8 70 86 66.37 10% 40% 85% 85% 82 645 983 34.1 15.1 0.25 3.42 Red fall bull that is full of depth and power. Sired by Arapahoe whom is still my favorite Red Purebred sires to date. Out of a top Cross Diamond Red Angus cow. Find him.. you ll like him. 96 BMCE MAC CONSENSUS 939D 75%GV 25%AN Balancer Bull Homozygous Black Heterozygous Polled 3/18/2016 BMCE 939D 1362398 CONNEALY CONSENSUS 7229 CONNEALY CONSENSUS DBRG MR CONCENSUS 383A ET BLUE LILLY OF CONANGA 16 WAC FULLBACK 011G VRT LAZY TV MS FULLBACK L643 VRT LAZY TV E271 HYEK BLACK IMPACT 3960N HYEK BLACK IMPULSE 1296L KMAC TM WENDI 939W HYEK BLACK RUBY 9604J TALS TITAN TWO JTKD 539R CTR ERICA 4018P 17-0.6 84 115 33 73 10-0.43 36 0.78 0.23 88.81 10% 35% 10% 20% 10% 10% 10% 10% 30% 10% 55% 15% 82 678 1194 37.2 15.37 0.29 3.178 939D is a young 75% Gelbvieh bull with a BW ratio of 95 and a WW ratio of 104, offering a good spread from birth to weaning. Comes from the same, solid family as the 539D bull. Scanned with a REA ratio of 104 and an IMF ratio of 128.

97 BMCE MAC KRAYE UPGRADE 161D 25%GV 75%AN BalancerBull Heterozygous Black Homozygous Polled 3/18/2016 BMCE 161D 1362377 STYLES UPGRADE J59 SITZ UPWARD 307R KRAYE UPGRADE JK 2126 PLAINVIEW LASSIE 71B S A V FINAL ANSWER 0035 BON TONI OF JK 921 BON TONI OF JK 7292 BMCE NICHOLAS 750T ET BTI EXTRA 2106K ET BMCE TM LADY VISION 161Y KG NIKKI 3M MR DIRECTION 9535 KMAC TM 611S OF 9535 DLW MS VISION 211M 19-1.5 74 121 28 61 12-0.33 39 0.67 0.75 97.88 2% 20% 25% 15% 35% 45% 2% 30% 20% 15% 3% 3% 85 667 1261 41.2 16.54 0.3 2.31 Stout, rugged, and balances up great from whatever angle you analyze him. Scanned with a big 16.54 REA. He is out of a young, hardworking cow with a really nice udder. 98 BMCE MAC CROSSFIRE 023D 50%GV 44%AN Balancer Bull Homozygous Black Homozygous Polled 2/19/2016 BMCE 023D 1362371 RID R COLLATERAL 2R JCGR BAR GT FLASHBACK 410M ET JCGR BAR GT CROSS FIRE500W ET JCGR BAR GT LONI 27N ET BT CROSSOVER 758N JCGR BAR GT CROSSOVER 166S BTI 2034L TAU MR KRUGERRAND 70M 130P TAU KRUGERRAND 70M PLA MISS KRUGERRAND 023X TAU MS COCO 052KA 437D VERMILION DATELINE 7078 PLA MISS VRD 623S LDI HONESTY 54H 12 0.6 85 124 11 53 3-0.39 43 0.44 0.44 89.93 45% 65% 10% 10% >95% 85% 90% 20% 15% 50% 25% 10% 83 670 1143 38.8 14.7 0.28 3.258 023D is a solid bull with good EPD s. He scanned with an IMF ratio of 131 and a 14.7 Adj REA. 99 DLW GO DADDY 4162D 25%GV 75%AN Balancer Bull Homozygous Black Homozygous Polled 2/17/2016 DLW 4162D 1360495 B C LOOKOUT 7024 O C C LEGEND 616L BAR S GO DADDY 0281 BAR S EDELLA 3149 EDELLA OF BAR S 010 GIBBET HILL MIGNONNE E37 CONNEALY FRONT PAGE 0228 EXAR UPSHOT 0562B SITZ UPWARD 307R DLW MS UPSHOT ET EXAR BARBARA T020 FHG FLYING H EXCLUSIVE FHG FLYING H 217B/EC203N ET CKA WOODLAND BELLE 217B 19-0.6 67 109 25 56 7-0.42 34 0.72 0.81 94.11 2% 35% 50% 35% 60% 70% 45% 15% 35% 15% 2% 5% 84 672 1072 35.1 13.25 0.23 3.607 Calving ease prospect. Out of a good 2 yr old cow that has her sights set on the donor pen. Look this bull up for replacements. 100 DLW GO DADDY 4219D 25%GV 75%AN BalancerBull Homozygous Black Homozygous Polled 2/19/2016 DLW 4219D 1360492 B C LOOKOUT 7024 O C C LEGEND 616L BAR S GO DADDY 0281 BAR S EDELLA 3149 EDELLA OF BAR S 010 GIBBET HILL MIGNONNE E37 CONNEALY FRONT PAGE 0228 VRT LAZY TV SAM U451 KHR SAM SPADE 02S DLW MS SAM ET VRT LAZY TV MS FULLBACK L643 HYLINE RIGHT TIME 338 THOMAS LADY JET 6959 THOMAS LADY JET 1888 20-1.5 61 85 27 58 9-0.59 18 0.9 0.6 86.6 1% 20% 75% 85% 45% 60% 20% 1% 90% 3% 10% 15% 78 703 1054 36.6 13.09 0.26 3.161 Awesome heifer bull here. Low birth, tremendous cow family, high quality pedigree. This bull s mother is truly one of the best young cows on the ranch. Traces back to the great Thomas Angus cow 6959. Genetic Investment Balancer Bulls BMCE MAC KRAYE UPGRADE 161D SELLS AS LOT 97. BMCE MAC CROSSFIRE 023D SELLS AS LOT 98. BAR S GO DADDY 0281 SIRE OF LOTS 99, 100. 101 DLW GUARDIAN 3035D 63%GV 37%AN Balancer Bull Homozygous Black Homozygous Polled 2/5/2016 DLW 3035D 1360528 KCF BENNETT U271 KCF BENNETT S30 DLW GUARDIAN 450A ET KCF MISS J47 M184 DLW MR KINGSTON 106P DLW MS MATRON 802U DLW MISS RT 338 703S ET BAR S INDUSTRY 1035 CONNEALY INDUSTRY 5634 DLW MS INDY 1035 3035A BAR S BLACKHAND 8481 CTR SANDMAN 6523S DLW MS SANDMAN 128Y OF 442 DLW MS T510 13-0.9 83 125 30 69 8-0.49 42 0.82 0.22 87.98 35% 30% 10% 10% 25% 15% 30% 4% 15% 10% 60% 15% 82 631 995 34.2 13.22 0.23 2.807 Maternally oriented pedigree in a low birth weight bull. Keep all the heifers out of this one. Page 29

Genetic Investment Balancer and Percentage Bulls BROWN JYJ REDEMPTION Y1334 SIRE OF LOTS 102, 103. 103 DLW REDEMPTION 235D 38%GV 12%AN 50%AR Balancer Bull Red Homozygous Polled 2/1/2016 DLW 235D 1360501 BKT BECKTON NEBULA P P707 BKT BECKTON NEBULA M045 JYJ BROWN JYJ REDEMPTION Y1334 BKT BECKTON LANA M809 EP LJC LJC MISSION STATEMENT P27 JYJ JYJ MS JOLENE W16 HXC HXC JOLENE R548 DCH DCH HILLE X102 DCH HILLE M118 MAJESTY DLW MS X102 235Z OF 091 DCH HILLE U279 UNDERCURRENT JRI DARK SECRET 207T611 DLW MS SECRET 091X DLW MS DESIGN 4003P 20-1.8 88 143 33 72 10-0.22 52 0.17 0.5 100.77 1% 20% 4% 2% 10% 10% 10% 60% 3% 95% 20% 2% 81 676 1180 38.7 14.95 0.22 3.705 Low birth red bull. Thick made female maker for a heifer bull. One of the top red bulls in the sale. 105 BMCE 097D 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 2/21/2016 BMCE 097D 1373339 BARSTOW CASH SITZ DASH 10277 MAC CASH RESERVE 236B BARSTOW QUEEN W16 CONNEALY THUNDER TM EMPRESS 236Z BT EMPRESS 362R CRAN BUDDY BOY T729 GKT BUDDY 7R RTRT 297X ET CRAN R251 XXB TITUS 880K DARC P401 SLGB MISS POWER LINE 17-2.5 77 119 20 59 14-0.32 36 0.51 0.29 87.52 10% 10% 20% 15% 90% 55% 1% 30% 30% 40% 45% 15% 91 680 1154 37.4 15.85 0.17 1.724 097D is a long sided, big topped, growth bull that scanned with a 15.85 REA and a ratio of 107. 107 BMCE MAC CASH RESERVE 539D 50%GV 50%AN Balancer Bull Heterozygous Black Homozygous Polled 3/10/2016 BMCE 539D 1362393 BARSTOW CASH SITZ DASH 10277 MAC CASH RESERVE 236B BARSTOW QUEEN W16 CONNEALY THUNDER TM EMPRESS 236Z BT EMPRESS 362R TALS TITAN TWO XXB TITUS 880K JTKD 539R SCCB SCC LINEA L13 XXB DREW 565K CTR ERICA 4018P CTR ERICA 2101M 19-2.7 77 120 18 56 15-0.55 37 1.17 0.46 93.6 2% 10% 20% 15% 95% 70% 1% 2% 25% 1% 25% 10% 83 700 1205 35.5 16.56 0.26 2.145 539D had a BW ratio of 95 and a WW ratio of 107, making him one of the biggest performers among the McEndaffer bulls. He has great muscle shape down his top and his quarter and scanned with a REA ratio of 112. His dam has been a donor dam for the McEndaffer program. Page 30 102 DLW SS REDEMPTION 4123D 25%GV 6%AN 57%AR Balancer Bull Red Homozygous Polled 2/10/2016 DLW 4123D 1374103 BKT BECKTON NEBULA P P707 BROWN JYJ REDEMPTION Y1334 JYJ JYJ MS JOLENE W16 BAGC MR EVEREST 96W BAG 123B BAG MISS NEW DIRECT 12R BKT BECKTON NEBULA M045 BKT BECKTON LANA M809 EP LJC LJC MISSION STATEMENT P27 HXC HXC JOLENE R548 VRT LAZY TV EVEREST P522 BAG MISS NAGURSKI 31P MRCO NEW DIRECTION 905 BAG MISS 61RA 27N 19-1 101 146 21 69 7-0.35 54 0.52 0.56 107.18 2% 30% 1% 1% 85% 15% 45% 25% 2% 35% 15% 1% 85 814 1231 35.8 14.52 0.21 3.125 Impressive red bull with tremendous data. Low birth, yet exceptional growth in this good bull. 104 BMCE MAC JACKPOT 212D 63%GV 38%AR Balancer Bull Heterozygous Black Homozygous Polled 2/19/2016 BMCE 212D 1362392 DDGR NAVAHO 188X RED FORTUNATE 681S DVE DAVIDSON JACKPOT 74Z DDGR MANDY 32S DVE DAVIDSON PLD BLK JIM 6L DVE DAVIDSON MS JIM 61T DVE DAVIDSON MS JULIO 175P HXC HXC CONQUEST 4405P WF BECKTON JULIAN GG B571 SEGA SEGA ZINNIA 512Z HXC HXC ELLIE MAY MA638 SR SCHR PAUL VOLTAGE 15L SEGA SILK STALKINGS 51S SEGA MISS HYLEE 51H 12 0.6 91 116 25 74 5-0.38 38 0.5 0.45 93.97 45% 65% 3% 20% 60% 5% 75% 20% 25% 40% 25% 5% 85 675 1129 36.2 14.17 0.24 2.3 212D is out of a soggy, easy keeping, red Balancer cow out of HXC Conquest. 106 BMCE MAC CASH RESERVE 039D 50%GV 50%AN Balancer Bull Homozygous Black Homozygous Polled 3/10/2016 BMCE 039D 1362373 BARSTOW CASH SITZ DASH 10277 MAC CASH RESERVE 236B BARSTOW QUEEN W16 CONNEALY THUNDER TM EMPRESS 236Z BT EMPRESS 362R HYEK BLACK IMPACT 3960N HYEK BLACK IMPULSE 1296L KMAC TM ERICA 039X HYEK BLACK RUBY 9604J TALS TITAN TWO JTKD 539R CTR ERICA 4018P 19-3.5 69 107 23 55 10-0.46 28 0.77 0.31 85.95 2% 4% 45% 35% 75% 75% 10% 10% 60% 10% 45% 15% 81 618 1042 35.5 16.33 0.25 2.214 039D is out of a moderate, hardworking, great uddered cow. This young bull scanned with an adjusted 16.33 REA with a ratio of 110. 108 DLW COMBUSTIBLE 556C ET 50%AN 50%SM Bull Homozygous Black Homozygous Polled 8/27/2015 SINK 556C 1344354 FBF1 COMBUSTIBLE B C LOOKOUT 7024 O C C LEGEND 616L TSE MS MICKEY 9312 GIBBET HILL MIGNONNE E37 S A F 598 BANDO 5175 ALCOVY RIVER GRACIE 312 B F GREENLEE ROSE 116 13 2.4 75 117 30 62 4-0.55 43 1.24 0.48 86.26 25% 85% 25% 15% 30% 45% 80% 2% 10% 1% 15% 10% 82 684 1149 41 15.1 0.53 2.39 We flushed our donor Angus cow in hopes to get a heifer for our daughter to show. We all know how plans don t always come together and got this bull and no females. Our true passion is Gelbvieh cattle and all they contribute to the industry. As you analyze this sim/angus bull you will realize why we left him as a bull. Homozygous black and homozygous polled with a blaze face.

109 DLW WAYLON 552C PB Angus Bull Homozygous Black Homozygous Polled 8/18/2015 552C 18414724 GAR-EGL PROTEGE RITO 1I2 OF 2536 RITO 6I6 BALDRIDGE WAYLON W34 LB 6807 ISABEL 339 WOODHILL FORESIGHT BALDRIDGE BLACKCAP T163 BALDRIDGE BLACKCAP P326 BC LOOKOUT 7024 OCC LEGEND 616L TSE MS MICKEY 9312 GIBBET HILL MIGNONNE E37 SAF 598 BANDO 5175 ALCOVY RIVER GRACIE 312 BF GREENLEE ROSE 116 CED BW WW YW MILK CW MARB RE FAT $WEAN $BEEF I+0 I+4.0 I+54 I+92 I+22 I+44 I+.79 I+.61 I-.005 +44.02 +140.02 90% 95% 25% 35% 65% 20% 20% 35% 30% 50% 15% 79 701 1058 39 16.8 0.41 4.76 Sired by the ever popular Baldridge Waylon W34 and out of a very productive BC Lookout daughter that goes back to the Verner Farms Gracie cow family. This bull carries a $Beef that puts him in the top 15% of the breed and his marbling epd is in the top 20%. A true performance bull with WW in top 25% and YW in top 35%. 110 DLW FINAL ANSWER 2979C PB Angus Bull Homozygous Black Homozygous Polled 9/16/2015 2979C 18702760 SITZ TRAVELER 8180 GDAR TRAVELER 71 SAV FINAL ANSWER 0035 SITZ EVERELDA ENTENSE 1137 BON VIEW BANDO 598 SAV EMULOUS 8145 SAV SKY EMULOUS 2124 CTR INDUSTRY 827 CONNEALY INDUSTRY 5634 BAR S BLACKCAP 2979 CTR SUSAN 5940 SITZ ALLIANCE 6595 BAR S BLACKCAP 2233 BAR S BLACKCAP 4063 CED BW WW YW MILK CW MARB RE FAT $WEAN $BEEF +7 +0.7 +51 +86 +22 I+16 I+.49 I+.41 I+.107 +48.5 +65.01 40% 35% 40% 50% 65% 95% 60% 65% 95% 35% 95% 72 553 40 13.1 0.24 4.39 Genetic Investment Angus Bulls DLW WAYLON 552C SELLS AS LOT 109. DLW FINAL ANSWER 2979C SELLS AS LOT 110. VIDEOS AVAILABLE ONLINE AT WWW.WARNERBEEF.COM AND WWW.MMS.BZ DLW CONNEALY IN FOCUS 5012C SELLS AS LOT 111. 111 DLW CONNEALY IN FOCUS 5012C PB Angus Bull Homozygous Black Homozygous Polled 9/11/2015 5012C 18416024 MYTTY IN FOCUS SAF FOCUS OF ER CONNEALY IN FOCUS 4925 MYTTY COUNTESS 906 MILLERS BULLSEYE J373 BLACK CANA OF CONANGA 206 BLACK CRYSE OF CONANGA 204 BC LOOKOUT 7024 OCC LEGEND 616L TSE MS MICKEY 9312 GIBBET HILL MIGNONNE E37 SAF 598 BANDO 5175 ALCOVY RIVER GRACIE 312 BF GREENLEE ROSE 116 CED BW WW YW MILK CW MARB RE FAT $WEAN $BEEF I+2 I+3.0 I+58 I+92 I+26 I+34 I+.57 I+.64 I-.020 +57.66 +126.82 80% 90% 15% 35% 30% 45% 45% 35% 15% 15% 25% 70 771 1096 43 16.6 0.36 2.99 112 DLW CONNEALY IN FOCUS 5011C PB Angus Bull Homozygous Black Homozygous Polled 9/8/2015 5011C 18416023 MYTTY IN FOCUS SAF FOCUS OF ER CONNEALY IN FOCUS 4925 MYTTY COUNTESS 906 MILLERS BULLSEYE J373 BLACK CANA OF CONANGA 206 BLACK CRYSE OF CONANGA 204 BC LOOKOUT 7024 OCC LEGEND 616L TSE MS MICKEY 9312 GIBBET HILL MIGNONNE E37 SAF 598 BANDO 5175 ALCOVY RIVER GRACIE 312 BF GREENLEE ROSE 116 CED BW WW YW MILK CW MARB RE FAT $WEAN $BEEF I+2 I+3.0 I+58 I+92 I+26 I+34 I+.57 I+.64 I-.020 +57.66 +126.82 80% 90% 15% 35% 30% 45% 45% 35% 15% 15% 25% 72 718 1126 36 16.6 0.39 2.76 Two outstanding full brothers by the Connealy in Focus 4925 sire. These two brothers rank in the top 15% for WW and YG. The top 25% for $Beef and 35% for YW and RE. Their donor dam has been a stand out in production with several daughters in our herd and several outstanding sons selling right through this very sale. An outstanding opportunity to add full brothers to your program. Page 31

Genetic Investment Angus Bulls DLW FINAL ANSWER 0959C SELLS AS LOT 113. DLW SURE DEAL 8985C SELLS AS LOT 114. DLW SURE DEAL 4227C SELLS AS LOT 115. 116 DLW SURE DEAL 0954C PB Angus Bull Homozygous Black Homozygous Polled 10/13/2015 0954C 18673211 BUSHS SURE DEAL 33 VIN-MAR O REILLY FACTOR MALSONS SURE DEAL 159A BUSHS LADY LINE 451 LCB POWERBALL 3106R MALSONS SAVANNAH 27W GREENS SAVANNAH 9909 BAR S FRONTPAGE 7921 CONNEALY FRONT PAGE 0228 BAR S JEWEL 0954 BAR S BLACKCAP 1057 BAR S HOTLINE 1205 BAR S JEWEL 8984 JEWEL OF CONANGA 619 CED BW WW YW MILK CW MARB RE FAT $WEAN $BEEF +7 +1.2 +53 +89 +21 +45.7 40% 50% 30% 40% 75% 45% 84 534 1097 39 17.4 0.26 1.57 Sure Deal son that is out of a deep made Front Page daughter. 113 DLW FINAL ANSWER 0959C PB Angus Bull Homozygous Black Homozygous Polled 9/12/2015 0959C 18673212 SITZ TRAVELER 8180 GDAR TRAVELER 71 SAV FINAL ANSWER 0035 SITZ EVERELDA ENTENSE 1137 BON VIEW BANDO 598 SAV EMULOUS 8145 SAV SKY EMULOUS 2124 BC LOOKOUT 7024 OCC LEGEND 616L BAR S PRIDE 0959 GIBBET HILL MIGNONNE E37 TC FREEDOM 104 BAR S PRIDE 7818 BAR S PRIDE 8218 CED BW WW YW MILK CW MARB RE FAT $WEAN $BEEF +9 +1.2 +51 +85 +22 +45.4 25% 50% 40% 55% 65% 45% 79 512 1048 38 14.7 0.30 3.98 Final Answer son that will work on heifers. Dam is an Angus donor at Warner Beef and Bar S. Moderate framed Beef Bull. 114 DLW SURE DEAL 8985C PB Angus Bull Homozygous Black Homozygous Polled 10/16/2015 8985C 18673219 BUSHS SURE DEAL 33 VIN-MAR O REILLY FACTOR MALSONS SURE DEAL 159A BUSHS LADY LINE 451 LCB POWERBALL 3106R MALSONS SAVANNAH 27W GREENS SAVANNAH 9909 BAR S HOTLINE 1205 CONNEALY FRONTLINE BAR S JEWEL 8985 BAR S BEELINE 3005 CONNEALY LEADTIME JEWEL OF CONANGA 619 JEN OF CONANGA 5614 CED BW WW YW MILK CW MARB RE FAT $WEAN $BEEF +7 +1 +66 +92 +24 I+16 I+.44 I+.29 I-.008 +69.34 +75.21 40% 45% 2% 35% 50% 95% 65% 80% 25% 3% 90% 82 703 1137 38 15 0.40 3.04 Good Looking Sure Deal son out of a top producing Hotline daughter. 115 DLW SURE DEAL 4227C PB Angus Bull Homozygous Black Homozygous Polled 10/18/2015 4227C 18673214 BUSHS SURE DEAL 33 VIN-MAR O REILLY FACTOR MALSONS SURE DEAL 159A BUSHS LADY LINE 451 LCB POWERBALL 3106R MALSONS SAVANNAH 27W GREENS SAVANNAH 9909 CONNEALY FRONTLINE CONNEALY DATELINE BAR S PRIDE 4227 PLEASANT PILL OF CONANGA GARDENS SOLDIER OF FORTUNE BAR S PRIDE 5036 BAR S PRIDE 022 CED BW WW YW MILK CW MARB RE FAT $WEAN $BEEF +10 +0.7 +51 +80 +23 I+10 I+.33 I+.29 I-.009 +50.38 +57.97 20% 35% 40% 65% 55% 95% 85% 80% 25% 30% 95% 74 555 1091 41 13.8 0.28 3.40 Low birth Sure Deal son 117 DLW SURE DEAL 1901C PB Angus Bull Homozygous Black Homozygous Polled 10/5/2015 1901C 18673213 BUSHS SURE DEAL 33 VIN-MAR O REILLY FACTOR MALSONS SURE DEAL 159A BUSHS LADY LINE 451 LCB POWERBALL 3106R MALSONS SAVANNAH 27W GREENS SAVANNAH 9909 SAV FINAL ANSWER 0035 SITZ TRAVELER 8180 BAR S PRIDE 1901 SAV EMULOUS 8145 MSAR NEW DAY 2525 BAR S PRIDE 9952 BAR S PRIDE 4227 CED BW WW YW MILK CW MARB RE FAT $WEAN $BEEF +9 +0.6 +59 +93 +23 +56.06 25% 35% 15% 35% 55% 20% 74 573 1101 37 16.1 0.31 2.95 Sure Deal x Final Answer heifer bull candidate. Page 32

118 DLW LOTTO 250D ET PB Angus Bull Homozygous Black Homozygous Polled 1/30/2016 DLW 250D 1374010 BARSTOW CASH SITZ DASH 10277 BSF HOT LOTTO 1401 BARSTOW QUEEN W16 SILVEIRAS EL CAPITAN 6510 BSF PRINCESS EL CAP W2 B S F PRINCESS TCF N2 G A R PREDESTINED B/R NEW DESIGN 036 CHAIR ROCK PREDESTINED 7065 G A R EXT 4206 G A R GRID MAKER CHAIR ROCK GRID MAKER 4074 CHAIR ROCK GAR2569/T510 C158 12-0.2 76 126 27 64 10-0.02 44 0.47 0.98 99.97 30% 35% 25% 10% 50% 35% 10% >95% 10% 45% 1% 2% 88 690 1139 35.2 13.77 0.32 3.526 Purebred Angus bull out of our ET program. Hot Lotto sire is taking the Angus breed by a storm. Take advantage of new fresh Angus genetics that will sire sale topping feeder cattle. 119 DLW LOTTO 7D ET PB Angus Bull Homozygous Black Homozygous Polled 1/23/2016 DLW 7D 1374011 BARSTOW CASH SITZ DASH 10277 BSF HOT LOTTO 1401 BARSTOW QUEEN W16 SILVEIRAS EL CAPITAN 6510 BSF PRINCESS EL CAP W2 B S F PRINCESS TCF N2 G A R PREDESTINED B/R NEW DESIGN 036 CHAIR ROCK PREDESTINED 7065 G A R EXT 4206 G A R GRID MAKER CHAIR ROCK GRID MAKER 4074 CHAIR ROCK GAR2569/T510 C158 12-0.7 71 116 27 64 10-0.02 44 0.47 0.98 99.36 30% 30% 40% 15% 50% 35% 10% >95% 10% 45% 1% 2% 84 614 1004 33 10.98 0.38 4.335 Cash in with these Hot Lotto sons. PB Angus bull that can be used on heifers or cows and will leave tremendous replacements. Really nice bull from the ET program. 120 DLW GO DADDY 0902C PB Angus Bull Homozygous Black Homozygous Polled 9/9/2015 0902C 18673210 BC LOOKOUT 7024 OCC LEGEND 616L BAR S GO DADDY 0281 GIBBET HILL MIGNONNE E37 CONNEALY FRONT PAGE 0228 BAR S EDELLA 3149 EDELLA OF BAR S 010 SAV FINAL ANSWER 0035 SITZ TRAVELER 8180 BAR S EBONY LIT 0902 SAV EMULOUS 8145 SITZ ALLIANCE 6595 BAR S EBONY LIT 8992 EBONY LIT OF CONANGA 840 CED BW WW YW MILK CW MARB RE FAT $WEAN $BEEF +16-2.8 +39 +67 +18 I+17 I+.39 I+.66 I+.057 +38.25 +73.58 2% 2% 85% 90% 90% 95% 75% 30% 85% 70% 90% 60 437 978 34 14.9 0.28 2.67 Angus bull that is built for heifers. Calving ease specialist that will produce awesome females. Go Daddy is one of the top female sires ever at Warner Beef. True range cow specialist. Genetic Investment Angus Bulls DLW LOTTO 250D ET SELLS AS LOT 118. DLW LOTTO 7D ET SELLS AS LOT 119. BAR S GO DADDY 0281 SIRE OF LOT 120. The American Gelbvieh Association s Feeder Finder service assists producers in marketing load lots of Gelbvieh and Balancer influenced feeder cattle. Whether selling private treaty or via auction, producers with load lots of feeder cattle are encouraged to fill out the free Feeder Finder form. These cattle are then listed on the AGA website and presented to feedyards across the country. Contact William McIntosh at 502-867-3132 to list your cattle on Feeder Finder. Page 33

Warner Beef Genetics AI Sires with Semen Packages DLW TPG JACKPOT 7551B ET Purebred 88% Gelbvieh Bull Homozygous Black Homozygous Polled 9/7/2014 DLW 7551B 1306681 JBOB CAROLINA FORTUNE 2564JET JBOB CAROLINA CPR GLAG ADKINS JACKPOT 906W JBOB MISS 92C OZZ EXT GOVENOR 3N GLAG ADKINS MISS DIXIE 672S OZZ IDEAL SARA 72P DLW MR KINGSTON 106P DLW MS MATRON 802U DLW 1070M HYLINE RIGHT TIME 338 DLW MISS RT 338 703S ET DLW MS HERO 8862H 11 1.9 98 138 46 95 2-0.41 53 0.71 0.49 100.41 25% 65% 1% 1% 1% 1% 90% 30% 2% 10% 1% 1% The high selling purebred bull from the 2016 Warner Beef sale. Phenomenal carcass sire with exceptional growth and phenotype. Futurity runner-up in 2016 and Reserve Division Champion in Denver 2016. If you want to add carcass, growth and look in a calving ease package then get in, these bulls only come along once in awhile. Owned with Cranview Gelbvieh, ND. Selling semen packages: 60 units for $2500 or 25 units for $1250. Contact Dan for a package today. DCSF POST ROCK HIGHLY FOCUSED 308Y8 50% GV 50% AN Balancer Bull Homozygous Black Homozygous Polled 10/17/2011 DCSF 308Y8 1219898 MYTTY IN FOCUS SAF FOCUS OF ER KCF BENNETT QUALITY FOCUSED MYTTY COUNTESS 906 KCF BENNET QUALITY M22 KCF MISS QUALITY P164 KCF MISS RELIANT M60 DCSF POST ROCK MASS APPEAL ET BTI GRANITE 2135M DCSF POST ROCK SANDY 273W2 DCSF POST ROCK TWILA 223M2 BTI EXTRA 2106K ET DCSF POST ROCK SANDY 268T8 DCSF POST ROCK SANDY 261M2 22-3.7 65 101 34 66 13-0.19 24 0.03 0.96 100.63 1% 5% 60% 55% 10% 25% 2% 60% 70% 95% 1% 4% Homozygous Black, Homozygous Polled. The calving ease specialist in the Balancer world. This bull sires cattle that come easy and get up and grow. HF has been a top sire group producer at Warner Beef and producers love the way the cattle come and grow. The perfect choice for your balancer heifers this year. Semen available: Warner Beef, Bull Barn Genetics, Mitchell Marketing Services EGL BARRETT B050 50% GV 50% AN Balancer Bull Double Black Homozygous Polled 2/21/2014 EGL B050 1297961 EFFICIENCY NFI RITO 2V1 OF 2536 1407 EGL LOCK AND LOAD X415 T A LADY 552 036 SLC FREEDOM 178F ET EGL PEARL P1802 EGL PEARL L023 ET EGL FREEDOM 5203 TC FREEDOM 104 EGL EVELYNN U426 EGL 9547 EGL NORTHERN EXPOSURE J171 EGL EVELYN R313 EGL EVELYN M404 11 0.1 76 127 15 53 9-0.47 46 0.79 0.51 88.5 55% 55% 30% 15% 95% 85% 25% 15% 15% 15% 20% 20% Double Black, Homozygous Polled. Tremendous beef bull that offers more depth of body and base width in an eye appealing package. Out of a tremendous cow family and a past national champion female with added growth potential. Sire of several top bulls in this sale along with the high selling open heifer in the fall female sale. This is a sire of cattle that get better every day., we can t wait to see what is yet to come. Owned with Cedar Top Ranch, Sienknecht Cattle Co, and Eagle Pass Ranch. Semen available: contact any owners or Bull Barn Genetics Page 34

DLW ALUMNI 7513A ET Purebred 88% Gelbvieh Bull Homozygous Black Homozygous Polled 2/14/2013 DLW 7513A 1257046 KCF BENNETT S30 KCF BENNETT U271 KCF MISS LANDMARK P238 KCF BENNETT J47 KCF MISS J47 M184 KCF MISS BLACKHACK G356 DLW MR KINGSTON 106P DLW MS MATRON 802U DLW 1070M HYLINE RIGHT TIME 338 DLW MISS RT 338 703S ET DLW MS HERO 8862H 10 0 82 118 35 76 9-0.56 39 0.69-0.08 78.41 40% 25% 20% 15% 25% 15% 20% 10% 20% 15% 30% 15% Homozygous Black, Homozygous Polled. The purebred futurity Champion out of the great Matron 802U cow. This purebred sire has excelled past every checkpoint and now with daughters in production we like him even more. Progeny are cattle with depth of body and performance in a realistic calving ease package and offer an abundance of marketability and value. Owned with Thorstenson Gelbvieh, Blackhawk Cattle Co. Semen available from owners and Mitchell Marketing Services Warner Beef Genetics AI Sires with Semen Packages CTR WIDE TRACK 3706A ET Purebred Gelbvieh Bull Homozygous Black Homozygous Polled 10/23/2013 CTR 3706A 1306804 RWG ROYAL RESERVE 5066 JRI EXTRA EXPOSURE 285L71 ET RWG TRACTION 7412 DVE DAVIDSON MS PLD BLK 107L EGL GARTH J040 ET RWG NINE LIFE KITTY 21N TSCC TWIN STAR KITTY 710K JBOB CAROLINA CPR JBOB 254D CTR 198L JBOB 719E MCJ BLACK HUSKER CTR CEDAR TOP S 344C CTR STARR S ALEXIS 12 0.3 73 86 33 70 4-0.47 20 0.46-0.1 70.73 20% 30% 40% 70% 35% 30% 70% 20% 75% 50% 35% 30% Homozygous Black, Homozygous Polled. Our purebred sire that offers as much pedigree legacy as any in the breed. A son of our Traction herdsire from Canada with the added touch of the great 198L female in the Cedar Top program. We believe in stacking cow families and this bull offers some of the best. Siring moderate framed, maternally oriented progeny with all the important convenience traits of trusted ranchers. A bull every cowman should use to make replacements. Owned with Cedar Top Ranch. Semen available from owners and Bull Barn Genetics. SEPT COPPERFIELD C161 ET 38% GV 63% AN Balancer Bull Double Black Homozygous Polled 2/7/2015 SEPT C161 1323668 S A V 8180 TRAVELER 004 SITZ TRAVELER 8180 GGGE 3G SMOKE N MIRRORS BOYD FOREVER LADY 8003 O C C ANCHOR 771A GGGR 3G COWGIRL 351N GGGR 3G COOKIE 421D CONNEALY FINAL PRODUCT CONNEALY PRODUCT 568 SEPT RAZZMATAZZ ET EBONISTA OF CONANGA 471 SLC FREEDOM 178F ET SVNA PROMISES PROMISES 29L3 SVNA 29K 13 1.3 95 147 32 80 5-0.41 58 1 0.6 102.18 35% 75% 2% 1% 15% 2% 75% 15% 1% 2% 10% 2% Double Black, Homozygous Polled, One of the most exciting sires to sell in 2016. Warner Beef selected this young sire in Denver 2016 for his overall balance and power in a high performance, high carcass package. Furthermore the bull offers tremendous correctness and phenotypic quality stemming from possibly the most famous Gelbvieh female to date, Promises. His first calves are hitting the ground and are little, square, and cool! We are truly excited about the opportunities in this great sire. Semen available: Warner Beef Genetics and Mitchell Marketing Services Page 35

Warner Beef Genetics Page 36

SERVING YOUR NEBRASKA REAL ESTATE NEEDS. Farm Ranch Recreational Residential Auctions or Private Treaty Listings. Reuben Ahrens Salesperson Cell: 308-962-6172 Kate Warner, Broker/Owner 709 6th Street, PO Box 205 Arapahoe, NE 68922 Office: 308-962-7976 Fax: 877-713-4559 Cell: 970-520-7439 E-mail: Kate@WarnerRealEstate.land Katie Graham Salesperson Cell: 308-737-7592 www.warnerrealestate.land