An Idaho bull has fetched more than half a million dollars at auction Monday, almost doubling the previous world record price for a cattle sale.
Capital Press reports that the 13-month-old Hereford, weighing 1,410 pounds, was sold for $600,000 to the Iowa-based Miles McKee Syndicate. The previous world record of $301,000 for a bull had stood since 1980.
The bull will now "work" as a stud, the idea being that his offspring could be worth tens of thousands of dollars each.
Guy Colyer, manager of the Colyer Hereford and Angus ranch, which sold the latest bull, said the value of the bull lies in its genes.
"His mother sold close to a million dollars of progeny. He’s a known commodity," said Colyer. "People know he comes from good stock."
Capital Press wrote that the Colyer family will retain one-quarter interest in the bull, to enable them to use the bull's semen in their own herd and collecting a portion of semen sales.
Colyer added that this particular bull is exceptional:
"He has a moderate frame with a lot of muscle in him, said Colyer. "It’s exactly the phenotype that buyers are looking for."