SALE REPORT
RECORD SET AT GAR-INFLUENCED COMMERCIAL FEMALE SALE

SALE SUMMARY                                                                       Average   37 Fall Pairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,797 122 2 Yr. Old Cows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,571   20 3 Yr. Old Cows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,440   29 4 Yr. Old Cows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,296   42 5 Yr. Old Cows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,675 170 6 Yr. Old Cows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,235   41 7 Yr. Old Cows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,260 311 Bred Heifers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,435 229 Open Heifers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,003 1001 Total Lots . . . . . . . . . . . . . . . . . . . . . .$1,332,420          $1,331

November 29, 2004
Pratt, Kansas

The threat of a winter storm did not deter the full house that came to buy at the 2004 Profit Proven GAR-Influenced Commercial Angus Replacement Female Sale held at the Pratt Livestock Auction in Pratt, Kansas. A strong cash market coupled with an Angus brand that stands for quality, predictability and reputation launched an offering that sold to 27 buyers from eight states.

For the second year in a row, each female sold in the Profit Proven sale carried the American Angus Association's AngusSource identification tag verifying state of origin and herd location. The totally source-verified offering was sired by Gardiner Angus Ranch sires or sons of GAR sires or bred to GAR bulls.

The 2004 Profit Proven Group represents Gardiner customers from nine large commercial ranching operations. The ranches represent diverse �gate to plate� beef operations that share common goals of producing quality beef that fit today's value-added marketing systems. One of the nation's first to incorporate AngusSource tags, the Profit Proven Group continues to explore marketing opportunities that add value to GAR-influenced genetics up the food chain.

The sale offering was comprised from the following ranches: Giles Ranch Co., Ashland, Kansas; Merrill Ranch, Wilmore, Kansas; Mule Creek Ranch, Wilmore, Kansas Irsik Ranch, Ingalls, Kansas; XIT Ranch, Plains, Kansas; McCloy Ranch, Harding County, N.M.; JO Cattle Co., Springer, N.M.; McCarty Land & Cattle, Ashland, Kansas; K-Ranch, Garden City, Kansas.