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SALE REPORT
OATES LAND AND CATTLE HOSTS "RED ADVANTAGE" PRODUCTION SALE


SALE SUMMARY
                                                                     Average
98 Total Lots . . . . . . . . . . . . . . . . . . .$155,000                 $1,582



April 12, 2003
Big Sandy, Texas

Top Selling Lot:

Lot 38 – Pair. Purchased by Kent Smith, Lincoln, Texas for $4,000. Cow is a King Rob daughter and the heifer calf at side was sired by OLC Daymaker J293. Mr. Smith also purchased Lot 36, another pair, for $3,100 -- the cow's sire is Make My Day with a fancy heifer calf by Daymaker.

2nd High Selling Lot:

Flying M Ranch, Sheiman, Texas paid $3,500 for a stunning Foundation Bred Heifer by Holden Hi Ho; she is bred back to Make My Day.

3rd High Selling Lot:

Royce and Rose Witts from The Homestead in Giddings, Texas purchased the Lot 1 super show heifer prospect sired by Glacier Chateau for $3,100.

Auctioneer: J.C. Barr, Cashion, Okla.

Sale Managed and Reported by: Maurer Sales Company, Bryan, Texas.

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